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Microcap & Penny Stocks : DROM - Interactive Media

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To: smackdown who wrote (116)9/19/1996 10:06:00 PM
From: LT   of 638
 
Hello Sydney,
I'm not an advisor but I'll gladly tell you what I did. I missed the first wild ride but have kept this one in my database because so many times they come crashing as the MM's see the opp to get their $$ back and seize it. A few delays and financing problems crushed this one. As they got the financing together, I started getting interested. When it went to $1, I bought some, added at 1.18 and 1.30 then got blindsided by the asset revaluation. I wasn't surprised by the actual re-valuation as I didn't buy this company based on its asset value but the street took it badly and the price was crushed once again. It was then I had to make a decision....take the loss and move on or get in deeper by averaging down. I talked to people I trust, called the company and decided .40 would get me leveraged down(G). I think the potential is as huge as it was 3 weeks ago so in I went. I'm not in extremely deep so that I can't walk away from it as I don't play any small stock that way but I have enough to make me happy if we get the run I was expecting prior to the devaluation. This was windy but I hope it helps....

Mexican Hairless
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