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Microcap & Penny Stocks : IELSF-Flight to Fortune Or?
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To: Intrepid1 who wrote (389)10/12/1998 4:55:00 PM
From: Zeev Hed  Read Replies (1) of 520
 
Pure, when the stock was at 4 and I said it would go under 2-5/8, i thought it was a "smart" call, but in my worst dreams for this stock I did not think it was going to 1/10 of that. It is 5/16, at this price, the floorless bandits can really start and play havoc with this stock.

The company just announced a new joint venture to participate in the luxury ship business and the stock responds with yet another new low.

I am still on the side lines, and I think that my best bet is to wait for a reverse split, I probably will be able to enter below the equivalent of 1/8. The funny thing is that I think the business they are in is going to do fine. My problem is, as with any floorless, who is going to benefit?

Zeev
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