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Microcap & Penny Stocks : WestAmerica Corp. (WACC) -- Ignore unavailable to you. Want to Upgrade?


To: SnakeCharmer who wrote (101)3/18/1998 7:25:00 AM
From: JOE TURMAINE  Read Replies (1) | Respond to of 749
 
Snake, my feeling is that the two trades yesterday (one for 9 cents the other for 2) do suggest that available but disposable shares are drying up. The curse of Reg S.
Hopefully, none of us here are suggesting buying or selling, just trying to ensure that development goes ahead as planned and that we are not slapped with another reverse split.
There is virtually no downside left and if all goes according to plan there's lot's of room on the upside. I could have cut my losses months ago, but have chosen to take a much larger position and bet on the success. To date it's been my biggest loser. The way my luck goes, the day I sell is the day it hits $1 again. I'm confident we'll see that day this year!
JOE



To: SnakeCharmer who wrote (101)3/18/1998 11:03:00 AM
From: t-bone  Read Replies (2) | Respond to of 749
 
Snake. if you look at this deal here, it is quite simple. I think the people who see WACC buying the property and at least getting off the ground own most of the shares now. Its now just a matter of time, and nobody really knows if it will go through. Basically, its pure instinct here. WACC does have a property to buy, it does exist, and they do have a plan. The question is do they have the money to do the project. We really dont know, I have been trying to find out for some time now. If you have a couple thousand bucks, maybe more, maybe less, i would let it ride on WACC. If nothing at all, it is rather sure that they will buy the property...that will lift the stock to at least 25 cents and put WACC back on the BB OTC. At that point it will be bought up and sold down, probably between 25 and 75 cents like all penny stocks that are in play. Then it is a question of whether or not you are in for a quick buck (like most people in this game) or whether you really want to make big big money. Because this is no joke, if WACC does do this, which is entirely possible, we are not just talking about some 5 million dollar deal, we are talking about a 400+ million dollar timeshare resort one exit from Disney World. This would be a bit of a fantasy, but in a couple of years, the stock could go to 5 or 10, thats the kind of upside here. Its a very attractive proposal they have here at WACC, and remember, if you are willing to lose all your money, get in on this company. I have looked at a lot of these, and this is the one that could make it really big. Just my opinion here obviously, best of luck.
t-bone