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Microcap & Penny Stocks : OWLD OneWorld Systems -- Ignore unavailable to you. Want to Upgrade?

To: Richard Jurek who wrote (969)	12/31/1997 12:11:00 PM
From: Marc Newman	Read Replies (1) \| Respond to of 1648

Even more than late action today, I'm hoping for a solid 1/4 move up on Friday. In the interest of clarity, I should add that in my previous post I meant the bid/ask ratio, not the spread. Hey, at 1/32, the spread is favorable too. BTW, just got a nice e-mail reply from Jeff Bronchick, the new buyside columnist for TheStreet.Com. His debut column was on MF end-of-year Window Dressing. Anyway, his email noted the following: <<if you buy 5 companies in the last week of december that arent going bankrupt and are down 50% for the year, and hold them until Feb 15th, you tend to consistently make money..and one or 2 of the 5 can turn out to be a long term investment....puppies of the non-dow>> Well, word from the company was that the cash position is sufficient, so no bankruptcy in the near-future. Fundamentals appear to be improving significantly. We're either geniuses or idiots. Just about every trade has gone through at 1 1/32. They gave me some more a few minutes ago at that price though the bid didn't drop to 1 on high volume shortly thereafter, which is usually what happens. And I believe someone just bought nearly 8000 at 1/16, unless I missed a quick tick or two. But quickly followed by another 3K sell and a 1K sell. The mariachi band is playing on wall street and in my room via CNBC. A piece on internet investing is coming up after this commercial break. Anybody else buying any today? I know from some e-mails that some of our stalwarts bought yesterday or were considering a bit more today. Don't bet the ranch, farm, or townhouse. Marc Edit--they've given in. 1 by 1/32 now. Just too many little sells, along with a few blocks.