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Microcap & Penny Stocks : ARET (Formerly KLHE) -- Ignore unavailable to you. Want to Upgrade?

To: JOEY who wrote (3456)	2/9/1998 8:49:00 PM
From: John	Respond to of 4594

The volume exceeded 3 million shares today. Looking at the 1 day graph, it appears that tremendous selling happened during the morning, followed by some buying during midday, another strong selloff during the afternoon, and additional buying late in the period right at closing time. I think you just have to be extremely patient when bottom fishing like this. I have NEVER (sic) bought into a stock that did not eventually show price appreciation to a price above my average purchase price within 1 year. NEVER. Now, granted, I have sold stocks at losses, only to kick myself later as I witnessed them rise from the ashes and soar to a price that was higher than my average purchase price. Lack of patience is perhaps the microcap investors worst enemy, and although I have succumbed to frustration and sold prematurely at times, I have learned. It has been my experience to observe that when things appear bleakest, and all of the weak of stomach bail out, big appreciation occurs shortly thereafter. Not every time, but more times than not. I would theorize that this phenomenon occurs because the weak of stomach have lost all hope, sold at a loss, and moved on. This in turn means that the Market Specialists show a considerable short term gain, and therefore can afford to boost the price just after the selloff to keep their operation in effect. Now, I realize that other MM theories counter to mine exist on this thread, and I mean no disrespect toward you if your perception differs from mine. This is merely my perception of what occurs. Needless to say, a myriad of other factors influence the price movement as well. If ARET can just reach a nickle someday, I'll be more than happy, and will show a handsome profit if I can sell all of my shares at that price. I truly hope that this baby reaches a quarter for those of you inclined to believe that it will, but my departure point will be near a nickle. Ciao, John