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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (580)11/17/1998 11:50:00 AM
From: Jim Spitz  Read Replies (1) of 11130
 
Wayne,

Notice how GTCI is slowly inching up???

Holding CTHZ, APPI, AAFG(in under 0.02 and waiting for spike)

I consider APPI a buy at 0.03 or below. They have traded with 0.02/0.027 as the bid/ask. I am in at an average of 10 cents. If/when some of my other stocks hit, I plan to place limits at 0.03 or less when the B/A are in that vicinity and will take as much as I can get. They are EXTREMELY slow at releasing news. They have a product and are taking orders. They have an internet order blank for it. This is a LONG term position for me. One of the contractors I work with here is from Long Island. He is familiar with both APPI and one of the companies which will probably be buying from them soon. (see the news at their web site.) The web site is at:

advancedplantpharm.com

The site itself is not very impressive. Looks pretty home-brewed and not very glitzy. Hopefully, when they start to make it big, they will work on that. They seem to manage their money well and since they are not rolling in dough, move very slowly. There are around 22 million shares OS.

Stay in the Black! jimS
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