MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

+66.7%

Nov 18 9:31 AM EST

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To: Jetter who wrote (4051)	6/28/1998 11:24:00 PM
From: eric deaver	Read Replies (3) of 11684

Even if 2mm shares are dumped, it would supposedly be by old ICVI shareholders in at .10 and having held the ICVI dog for along time. I really wouldn't argue with them if they sold. Maybe they are just not interested in investing in an o&g company. IF they do dump and IF it affect shareprice, I would be looking to average down as this does not reflect on potential longterm value and would be a temporary slide at best. That's an awful lot of "if"s with th potential for a buying op. Remember the shorts HATE the idea of averaging down because it helps worried investors (who they are trying to scare into selling) sleep better w/ their investment and it increases buying pressure. Let's see how many respond to this suggestion. FWIW, I almost never add to my shares in a particular stock unless I can average down and I really do not like to average up. JMO, And fwiw, I agree w/ your contention: <<if you wanted to dump a bunch of shares, the last thing you would do here would be to pre-announce your intentions... NOW, if I was interested in driving the price down, either to pick up cheap shares or to cover a position, then I would most definately leak some type of selling news...Seems to me that it worked, drove the price down, followed by quick buying support and an increase back up in price. If someone indeed rode this down from $1.75 to $.40 with several million shares, surely they could wait for the engineering reports.>> Eric Eric

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