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Pastimes : Blue Cheap Stock TRADING
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To: raven who wrote (251)10/7/1997 5:08:00 PM
From: BlueCheap   of 1078
 
Raven, I just today recived info that FNTN may have an positive announcement NEXT week. FNTN is selling at .17 cents and is one of those little OTC-bb's which is dicussed here on this thread and is NOT to be considered a Blue Cheap Stock. FNTN has only 4.5 million shares out and was a private offering in late 96 at I think around $4.00. With ONLY 4.5 million shares, IF FNTN caught on fire, a few thousand dollor investment could turn into some SERIOUS CASH.

When the stock flew up to $7.00 those privite folks sold, that I understand frightened investors when the stock begain to drop and caused panic selling.

We had thought that $.31 was a bottom for FNTN because FNTN had traded at that price for a while and is where I bought 10,000 shares. Now that it is at $.17 cents and I still have $1,500 directed to spend on this little stock, I bought 9,000 more today. I sold CNSI for a nice profit today on a RUN UP which had NO reason I could find, so I put those profits in FNTN.

Another stock which I bought MORE of today was Emerson Radio (MSN) which is considered a Blue Cheap Stock and IS a rercomendation of Bill Mathews and his Cheap Investor at .56 cents to $.62 cents. I created a thread on MSN here on SI. See
Subject 16001

MSN expects to return to PROFITS and be reporting a profit with this NEXT QT. which ended Sept. 30th and MSN should report that around November 15th. I am averaged at $.56 cents and already have two LIMIT ORDERS set to trigger at $1.19 and another at $1.34

I am NOT an investment advisor. Make your own investment decisions. If I was an investment advisor I would SEEK MY OWN ADVISE(VBG)
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