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Microcap & Penny Stocks : Biozhem Cosmectics (bzhm) -- Ignore unavailable to you. Want to Upgrade?

To: Whirlybird who wrote (14)6/24/1999 10:43:00 AM
From: Lennart Steiner  Respond to of 21
 
Bird, it is in fact a very high risk investment we are looking at here, but that's what the world of OTC BB stocks is all about.

One reason however which makes me feel much calmer with BZHM than with other of my OTC BB stocks (i.e. DCHT, OPAL,TLTG) in my portfolio is the fact that BZHM has been a fully reporting company according to the SEC for years now.

Many other OTC BB companies don't even have auditors appointed.

Here you have at least reliably reported financials where you can firmly base your DD on.

However, to me BZHM is a long term investment of at least 2 years which requires the two main virtues of any successful OTC BB investor:

- Patience and Discipline.



To: Whirlybird who wrote (14)6/25/1999 9:49:00 AM
From: Lennart Steiner  Read Replies (1) | Respond to of 21
 
Just placed a buy order for 20,000 more shares at $ 0.45.

So far the bid is still sitting at $ 0.41.

My (wild) guess is by keeping the bid low with a wide spread to the ask the MMs are trying to keep the price down.
Probably in anticipation of a run up.

Only a guess, however. You never know with these MMs.

Lennart


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