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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (23148)11/22/1999 7:33:00 PM
From: LTK007  Respond to of 56535
 
Speaking of BBs,believe it or not i found a "blue chip" stock on the BB boards(this can't be Max talking!)--it is MBEN--i didn't know it existed there until street.com analyst strongly recommended it--and when i found out it was
the Benjamin Moore paint company i flipped--Benjamin Moore paint is religion a up my way--it is GREAT! paint!
So why the BB board,it is because the company is very,very
tightly held--and it only put up 500 shares sometime back to qualify for BB list---company says it intends to go to regular listing in april--Max



To: Canuck Dave who wrote (23148)11/22/1999 7:49:00 PM
From: Softechie  Read Replies (1) | Respond to of 56535
 
Canuck oops..heheheehehehe...sorry...There are bunch of warrants at 1 3/8 and they're worth about $2.1M and Avanir won't let them extending past 12/31/99. These warrants will have to exercised or expired. Bought 10K more at $1.40 today and 10K more last Friday. I don't see much downside risks since FDA reversed themselves silly and gave Avanir the Approvable status for OTC. There are now 7 companies with 3 are large pharmas talking seriously with Avanir. Plenty of accumulation going on right now.

HINT: SIT ON THIS THING AND DON'T SELL !!!!