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Microcap & Penny Stocks : OILEX (OLEX)
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To: edward shapiro who wrote (2711)2/7/1998 4:28:00 AM
From: BlackStar  Read Replies (1) of 4276
 
With all the selling that is going on, I just can't figure out who is on the buy side of all these transactions.

Being a former shareholder of OLEX and still keeping tabs on this mess I'll wager a guess. Maybe the company is sucking up the shares? Could be they know they have something big up ahead. There seems to be a lot of potential assets that could turn out ok. Maybe...

Also, I'll be keeping a close eye on the action when the debentures gets converted. The entities that bought the debentures of OLEX is more than likely aware of the sum the OLEX really wanted to raise. If they 'cut and run' (ie dump all at once with plunging price and extreme volume) we can take it as read that there is more 'in the works' up ahead. If they convert slowly on buys I am more confident that OLEX is done with this and is at least internally trying to get things back on track.

Assuming nothing more happens there is a chance we'll see OLEX shares at .3 - .15 during this spring. That would be the time to recommit money to this stock. Just wait for the volume to dry up and the price to stabilize. Of course that is assuming you still have any kind of faith left in this stock.

How about the winner gets 10 shares of Oilex or a large candy bar, whichever is worth more.

Who will spring for the prize? OLEX? I hear shares can be had at a deep discount nowadays... I'll probably go for the candybar - it's less volatile. :)

All IMO!
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