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Microcap & Penny Stocks : BioNet Technologies (BNTK)
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To: francis terry who wrote (152)2/4/1999 5:01:00 PM
From: Larry Panik  Read Replies (1) of 242
 
francis, I look at what is happening as a normal consolidation at this level. (a good healthy sign) I am picking up a little as it goes now. (.93-1) If you do put in a limit to buy at a low price, say .75 the ask has to hit that before you get the stock and if the ask is at .75 the bid will probably at .625 and that would bother me. You see In my mind if it breaks .625 we will see lower prices. Will that happen. I don't see it. Now on the other hand I am not buying it all at $1 either and like the price of .93 or even .875 which I got a little recently. Now remember when this starts to move it will go quickly that is why I am nibbling as we go. To put in a limit is like showing you poker hand and then bet. I don't like it. Just me.
As for BNTK, I said it before, nothing has changed so we are sitting good.
Larry
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