To: slotman who wrote (413 ) 12/11/1997 6:33:00 AM From: Novice Bob Read Replies (2) | Respond to of 1667
SM: I am sure we are being played like idiots here. If you were here in the last run up, you would know how difficult it was to buy. I had $25,000 on one order and $20,000 on another, I was chasing the price for hours. Sure this thing might go to $0.01, but when the MM's stop playing the Churn game and walking this down, you might not get back in till $0.06 or even $0.10. Those that sell face that very real risk. There is no question we have a real operating & viable company here. They are trying to cause some serious buying to kick in and they will be retiring shares. If the MM's need inventory, they lower the price and shake out shareholders. When you want it back, they will make a profit. That is the whole point of what is happening here in my opinion. They are going to have a very green Christmas at our expense. Think what you want about averaging down, but you wait and see what happens, some people are going to be left in the dust. Those people that bought at higher dollars that give back shares have in essence gave their lost to the MM's, and have put the MM's in a position to stick it to them again. Do not get me wrong, I do not care who sells what, I just do not want to see anyone loose here at the MM's expense. When I bought this stock, I made a mistake and placed a market order. The ask was $0.02, they filled me at $0.024, $0.025 and $0.027. Then they immediately brought the price to $0.015 and closed the day 5 hours later at $0.015. My mistake, but people post to me after I mentioned this and told me I made a mistake placing a market order. I was told the MM's take advantage of such orders. I thought "Oh really, then these MM's do not play fair". But that was OK, because this thing ran up to $0.27 in a few days before it pulled back. Anyway we are seeing evidence of stepped up churn and walk down. If this is a shake-out, a run up is in our future, the MM's need your shares. Why would they run up the price before they built up their inventory with some cheap shares. People may run this thing to a penny, you may try to average down, but you are playing with fire, if you want to take that risk, it is your choice. No one should ever have a problem with how you handle your money (or stock). Just know the risk associated with letting go of you stock and your certs. In the last few days our group has added over 250,000 shares to our holdings and we are not done adding shares. We hold every share we have ever bought. I went through the BS of trying shares during the last run up, they would not fill my orders. When this happens again, many people could be in the same position, time will tell. All I want to convey is be careful, I hate to see people get taken advantage of. If you are feeling luck and know the risk, that is one thing, but just do not get tricked into selling. Robert