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Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc.

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To: Ernie McLaughlin who wrote (436)4/2/1998 1:45:00 PM
From: Israel  Read Replies (4) of 2211
 
This drop is a classic example of MM's shaking people out. Plain and simple. The MM's need shares, and are trying to panic people into selling, they just raised the bid from .11 to .115 to .12 on no buying!! Hmmm?
Look at the volume 188,000.. yet they take it down from .14 X .16 like if people we running out the door selling. Some inexperienced individuals might fall for this and sell. As some already have.
But in my case, its not gonna happen. Im in at an average price of .0975. I could have sold and doubled my money earlier this week. But I refuse to sell at these levels, this stock has real potential, those of you who have done your DD im sure realize this. If the company manages to close on any of their ongoing negotiations (which I am sure they soon will). This stock will fly. The key is patience, which i know is alot to ask from most penny stock players, but look what a little patience and strong shareholder support did for the likes of DGIV. Just something to think about.

Happy Trading,
Israel
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