SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Robert Korn who wrote (5165)	10/23/1996 3:14:00 AM
From: LCE321	of 13351

Robert said: "We should be manipulating them" Rob... If you think the OTC BB is bad, just do some reading about the pink sheets. We, as individual investors, hardly stand a chance on the NASDQ or the NYSE, the pink sheets could eat small time speculators like us alive. Unlike a stock that trades on the NASDQ there is no electronic paper trail. With a spread of 1/4 by 3/4.. we don't know what is a buy and what is a sell. We don't know what was sold betwean market makers and what was perchased or sold by individuals. That's assuming there is more then one market maker, at least I am sure there is ONE. Even if I thought SEXI was a good buy at this point, I wouldn't touch the stock as long as it was on the pink sheets. We have NO information. We don't know how many market makers SEXI has, we don't know how long the stock will trade on the sheets and we don't know what the company will have to say about the whole situation. I didn't see much volume today. Considering SEXI has around 65 million shares outstanding I would hardly call 600,000 a big day. If SEXI had traded 2 to 4 MILLION today I may have thought different. But from what I have heard, there may be as many as 5 million shares short (that's the high end of the numbers I have heard). I don't think there was much short covering today. With the spread as WIDE as it was, we have NO clue how the stock realy traded. The gap betwean .25 and .75 is too wide to realy be able to say what was a buy and what was a sell. There could have very well been buys as high as .50. We realy don't know, and I don't expect we will while the stock in on the pink sheets. I don't think we will have a spread of .01 by .50... so If the stock falls the spread will become much tighter. Tomorrow should be interesting. But I have found that attempting to second guess these kinds of situations can prove fatal. There is just not enough information to make any clear diagnosis. And being on the pink sheets dose not help.... HELL... I was expecting SEXI to be on the NASDQ by now... LOL Look at it this way.... being on the pink sheets with a BID of 1/4..... it is safe to say it can't get much worse. And hey.... SEXI IS TRADING. Many, including myself, either didn't think the stock would ever trade again or thought that the day wouldn't come before next year. I don't see the light at the end of the tunnel yet, but at least we know we are no longer stuck in the middle of that tunnel. Information will come, the company can't say "no comment" forever.... Well, it is SEXI... nothing would surprise me at this point. ONE SURPRISE AFTER ANOTHER........... And the SAGA continues.. best of luck to all -Leif

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