SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : EXSO -- Consolidated Eco-Systems (Exsorbet Industries) -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (3854)3/5/1998 10:30:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 5015
 
Chris, my interpretation is that the floorless issues while not fully resolved are no longer a cause for immediate concern. Yet, the company will have to restructure its finances one way or another. They may even have to shed some units (as I said last June), until the fog clears (and I see no urgent reason for them to clear too much right now, not until they are ready to become a NAZ outfit again), the stock will have only limited upside potential. Yet, the MM will try and make as much as possible on it and thus will maintain a Yo-Yo trading range. I think this range will be roughly $.1 (with an occasional spike below) to $.2 (with an occasional spike above). This is just my personal opinion. Long term however, and assuming the company will be ready to trade on the NAZ again (I would say six to 12 months?), buying around $.1 and (yes) selling just above $.2 a trading position, is not a bad strategy. Right now, I think it is going to go in the next two to four weeks pretty close to the bottom of the range.

Zeev