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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger? -- Ignore unavailable to you. Want to Upgrade?

To: melinda abplanalp who wrote (71)	11/18/1997 9:56:00 PM
From: John Fairbanks	Read Replies (4) \| Respond to of 1702

Without a doubt Melinda. Even if it gaps open tomorrow just about every stock will make a run and settle back before continuing. If you place the order now, what will probably happen is what has happened to me a million times... you'll watch it run like crazy for a half hour and your order won't even fill until the very top and then it will pull back. Watch for a pull back about 30 to 90 minutes after open and buy on that dip. My experience shows that dip doesn't usually last very long so try and grab it as soon as the decline stops... you'll have probably about 10 minutes to place your trade. Very good trading patterns on this stock and as long as people don't get dissappointed it should certainly run up nicely tomorrow. By the way, I do believe that this company can be profitable even though it is only .40. FAMH is only .21 and they made .06/shr the first six months they were public. No, I don't know why they are .20... a couple of mutual funds bought in for about 1/3 of the float last Thursday because they were apparently wondering too.

To: melinda abplanalp who wrote (71)	11/18/1997 10:19:00 PM
From: Tony C.	Respond to of 1702

Melinda, Yes, that is what it means exactly. I'm not saying that it never happens that a hot stock opens higher and immediately continues to climb, but 9 times out of 10, it opens higher and then pulls back a bit and then continues to climb upwards later in the day. I always wait until after trading starts and I've seen countless experienced traders suggest this same approach. The MMs (Market Nakers) just tend to give you terrible buy prices if you have a market buy order at the open. Wait until after it opens and then jump in if you like. Good luck, Tony