$0.50 & UNDER (Short term trades) Message Board

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Gold/Mining/Energy : $0.50 & UNDER (Short term trades)

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To: Ed Pakstas who wrote (267)	11/29/1997 12:45:00 PM
From: Ward Nicholson	Read Replies (1) of 783

Ed... Interesting thread. I have to admit that I can't pass up a good penny flip if the chart looks right. I assume we just post our pick, so here goes... SPQ:ASE Spider Resources Inc. I've already flipped it once, buying at 0.10 on Thursday and selling at 0.145 on Friday (now I can buy Xmas gifts), and I'm certainly looking to flip it again. This stock has good volume to trade within and definately moves in trends. I think that December will bring a bottom to the stock's movement and January should be very kind to buyers in the low 0.10s, but I wouldn't bet the farm either. I use "entertainment money" only. Regards, WN

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