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Non-Tech : Olympus Ventures (OLPV)
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To: buzzlite who wrote (349)2/5/1997 4:51:00 PM
From: Robert Scott   of 485
 
Just six days ago Dean Moshova said he was going to wait a while (two months) before bailing out. I believe he is right to wait, and I intend to wait until the company's reports are out and digested by the street. It is my opinion that the market makers have done a wonderful job of scaring the daylights out of most small investors. You can see by the posts on this thread how people are selling at a loss instead of waiting. There's nothing wrong with selling at a loss if you're able to stick the money into a stock that is about to rise--and that actually does rise. Otherwise, it is better to let OVIS go back up a little and sell at less of a loss. What a choice. For as long as OVIS keeps getting new business (which it says it is doing) and does not issue more shares for the next six months or so, we have a good chance to recover our money. It would be a terrible shame to drop out now only to see the stock make a quick rebound. That's what the market makers do: after enough people have given up and lost their money, they'll push the price up to get more hopeful ones to jump in. Then they'll drop the price again to scare the new batch out, etc. etc. Notice how the price fluctuates by 20% and more at a time. Why drop out at $1.00 when an hour later you can drop out at $1.25? It's scary, isn't it?
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