To: Steven Durrington who wrote (80 ) 11/5/1997 1:46:00 AM From: franco Read Replies (3) | Respond to of 11708
WITNESS THE "BIRTH OF A 10 BAGGER" Although C$MA looks like an overnight success, this play has been over 6 months in the making. It all started with a news release from May 9: SALT LAKE CITY -- Coconino SMA Inc. (CSMA) believes the recent rapid price decline of its common stock ''is the result of aggressive and manipulative off-shore short-selling'' and not a reflection of its condition or outlook. In a press release Friday, Coconino said it is ''moving ahead and doing well,'' and said its Ad-Hatters unit, which makes air fresheners, reported a ''significant'' profit increase in March and April, with a sales increase of more than 30% from a year earlier. The company also said its Enviro-Tec unit is ''profitable and operating normally.'' Coconino's Nasdaq-listed stock closed at 1 3/4, down 1/8, after reaching an intraday low of 1 5/8. The company said it is considering several acquisition candidates, including a proposed reverse merger with a fully reporting company trading on Nasdaq. Coconino also intends to seek a Nasdaq Small Cap listing. The company currently trades on the Bulletin Board. I make a remark about it on the IMMM thread:www3.techstocks.com NOW ALL THIS was before the Mutual Fund acuisition, Air freshener sales increase, Uinta buyout by ERHC, Pickens connection, Coconino Oil & Gas startup, "reporting company" news and of course the "10 X the revenues" Disposal Well developments. C$MA actually didn't become a PICK until it leveled off @ the .20 range last week and popped up 10% on October Crash day. Only THEN could I start makin' those TABLE-SLAMMIN' BUYS! ALL THIS TIME, STOCK PRICE MOVEMENT AND DEVELOPMENTS have to come together in a unique mix to create THE BIRTH OF A 10-BAGGER!!!! Situations like this come around once or twice a year! Now its time for everybody to make that FA$T, EA$Y money!!! And thats why I'm still BUYIN' @ .62, 'cause THIS IS FREE MONEY FOR THE TAKING.... ALL THE WAY TO $4! Any sells under $4 is LEAVING MONEY ON THE TABLE!!! GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO C$MA!!!!