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Non-Tech : CHIF - China Food and Beverage, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Willy who wrote (17)11/24/1997 7:26:00 PM
From: Catfish  Respond to of 127
 
I sold mine. Bought at 1 13/16 and sold at 1 3/16. After reading the latest 10QSB from the company, I felt that there were better "chances" elsewhere. In order for this stock to get to $3 share then someone has got to be willing to pay that much for it. What do you think are the chances of that happening????? <G>

Darrell



To: Willy who wrote (17)11/25/1997 1:00:00 AM
From: Fred Rollins  Respond to of 127
 
I didn't post "all over SI." I posted on a couple of the "hot stocks" boards, and that's what those boards are for.

I'm still in the stock and will continue to be. Today CHIF was down 1/4 on just 5,600 shares traded. That doesn't mean much. I've talked to the CEO several times and am confident that there will be an announcement of at least one acquisition which will have a significant impact on CHIF's earnings. I don't work for the company and can't tell you when that will happen. I expect it to happen soon, but it's not something I can control.

It doesn't make any sense to buy a stock solely on the recommendation of a total stranger. Someone who appears to be a complete novice shouldn't be investing in this type of stock, anyway. If you're too lazy to even call the company or the IR firm, you're pretty careless with your money.