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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem.

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To: tom jones who wrote (600)6/8/1998 9:10:00 PM
From: Eric G. Erpenbeck  Read Replies (1) of 1112
 
Tom,

I have chose to lower my position in STAX. They appear to have problems really obtaining any substantial orders for Nx, which is hard to understand. To much of a gamble for me at this point. This product is not a brand new for STAX yet it seems like all we do is wait for this one significant order of Nx. Taking way to long IMHO. Never announce tonnage for Virginia and Maine because I am sure it amounted to almost nothing. Maybe the long term holder will do well, but something seems odd to me. Better places to go with my dollars, will keep a small holding just in case they finally make some real progress, but IMO too risky for a large position. JMO

Good luck
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