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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: John D who wrote (7482)2/24/2000 6:10:00 AM
From: James E Lynch  Respond to of 7609
 
Mr John D,
The drop in price is due to low volume and low interest. The day traders are still there and doing a great job for themselves. We need to see volume upwards of 30-60 million shares for this to move upwards again. Right now for ARET to move upward would require news or being listed as a pick by one of the better known stock pickers. Also, realize that these M/As are a big undertaking for ARET. Think in terms of you income tax this year. If you have it done professionally and gave all the info to them by the end of january you would be lucky to get the final product before april. This is a lot more complicated. Along with this they also have their annual report to get out. So have patience. If you truely believe then you are taking advantage of this level to accumulate for the rewards which should come later.
Thanks for listening.
Jim