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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

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To: PistolPete who wrote (2113)7/20/1998 9:09:00 AM
From: Harold Finstad  Read Replies (2) of 4230
 
Believe Carshark. I have mentioned many times here that I have know him since 1974. I have never met anyone who understands OTC trading better then he. I noticed that he put up a post on the Yahoo board about just one of the stocks that we played together that had similar trading patterns. Houston Biomedical. I remember it well. It was truly a thing of beauty. Up over 1000% in just ten days. I suppose he felt that this one story was enough to post at this time, but I can tell you that he has had a half dozen other stocks over the years that have done the same or better. Here is the link at Yahoo to his post this morning.

messages.yahoo.com@m2.yahoo.com

The first stock he convinced me to play was back in 1977. Wainoco Oil & Gas. Wainoco had just listed on the AMEX after having just completed a merger into a shell. Just like TGSK. He started buying the stock for his clients at $1 3/4. I stepped up at about $2.25. Over the next 18 months he and I accumulated more then 40% of the 2 million share float, both personally and with our brokerage clients up to about $6 a share. When it finally did break the $6 level, it went to $43 a share, split 2 for 1 and back to $41 a post split share in less then six months. At that point the President decided to list the Company on the NYSE. The day it listed was the last time it saw that price level until earlier this year. Yes it is still on the NYSE. It just had a symbol and name change to Frontier Oil & Gas (FTO). Obviously we are long out of the stock. Some might say that this happened through a bull oil market. That is true buy very few shares soared 1300% in such a short period of time. And even fewer are still around today.

I bring this up because it shows his patience and perseverance. It is very difficult to get him interested in a stock, but once he is, he doesn't let go as long as the Company keeps performing.
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