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Microcap & Penny Stocks : FAMH @ .18- STOCK PROMOTION! -- Ignore unavailable to you. Want to Upgrade?

To: CO who wrote (180)	10/30/1997 7:48:00 PM
From: J. Nelson	Respond to of 277

Cheryl, Jodi: Any News is good News most of the time. Yet that post on the thread looks like a hipe deal IMHO. We will see if it's a hipe or a fact! Regards, Jim...

To: CO who wrote (180)	10/30/1997 9:52:00 PM
From: Feraldo	Read Replies (2) \| Respond to of 277

An investment buddy of mine, or at least he did invest, suggested a thing for us. He used to do this with his friends, when he played penny stocks. He is now in his sixties and retired happily. It worked for him, and I was wondering if we would like to try it here. He played penny stocks for the most part, and a few larger companies in the 1-2 dollar range. Here is what he did. He accumulate say 100,000 shares of a penny stock, then all of his friends would do the same. Then each one of them would take turns buying 1000 shares, just a little bit higher than the going price. Sometimes, two or three people would buy at the same price, and by this, would artificially run up the price a little, making it more attractive to other investors. Most of the time it worked, and they made out with a good return. I was wondering, if we had enough cash, and enough people willing to particpate, if there isn't a decent move or anouncement, that we could possibly try it here. For example. If we get the closing of .20 X .25, someone buy at .25, then two or three at .26, then .28, .31 or something like that. If it is well organized, we could attract a little attention here. If the price keeps rising, wouldn't the MM's have to change the bid ask with it? I would think so. Any thoughts from anyone?