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Microcap & Penny Stocks : AMEN Looks Pretty Good
AMEN 500.00-1.0%Dec 16 11:19 AM EST

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To: BomboochaBoy who wrote (251)11/27/1998 7:09:00 PM
From: uu  Read Replies (1) of 627
 
I bought AMEN about 7 months ago at $6.5/shr during its first run up. Then watched it to go down to $1.5 just a few weeks ago. Then I bought some more at $4 as it came up. With the number of shares I had every 1/8 down gave me a real heart ache! Till finally the stock took off for the sky!

Then this morning about 20 minutes to the close of market I placed a day order to sell all my shares at $15 1/8. At the time the stock was trading at around $8/shr. Did not give a second thought that the stock would get that high! So I left the order open and left my office. As I was driving home I called my on line broker to check to see what AMEN was trading at! And that was when I almost got into an accident out of surprise! AMEN was at $20.5/shr!! And then I remembered of my order to sell at $15 1/8!! So I checked and surely my order to sell at $15 1/8 had been executed! And get this: My on line broker had sold my shares not at $15 1/8, but at $15 3/4!! Apparently there were so much demand for the stock that my shares went more than what I had asked for them to be sold!!!

Anyway, I am not complaining after all I made a very nice gain of about 350%, but yet it is amazing how things can change in a blink of an eye with these internet stocks!

Now here is my take as what would happen on Monday. The stock will most likely open higher but soon after the CEO appears on CNBC the stock will start to tank as I believe the notion of buy on the rumor, sell on the news will fully be in place. Once that sell of is completed the stock will start to shoot for the sky again. I am hoping (in fact praying!) to buy my shares back (or at least part of them) at around $8-$10/shr. Will I be successful in doing this?! Only God would know!

Regards,

Addi Jamshidi
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