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To: dexx who wrote (7272)3/20/1998 12:43:00 PM
From: Double Dipper  Read Replies (1) | Respond to of 27968
 
Dexx,

Most mutual funds are prohibited by their internal rules about
speculative stocks and can not go near anything less than
$10. in price. There are some aggressive growth funds out there
and a few micro-cap funds that dabble but generally none of the
big players.

Kevin



To: dexx who wrote (7272)3/20/1998 12:44:00 PM
From: Mark[ox5]  Read Replies (2) | Respond to of 27968
 
Dexx... good points.

Have to disagree on 1 thing.. the mutual funds wont touch it until $10 at the least. Most dont scan for anything below that level...

Also, hey for all the super bears.. after the 1:4 split you can short this sucker and put your money where your mouth, heart, etc is :) At $5 ($1.25 pre reverse) its shortable baby. Then the thread should really be interesting! WOO!

Mark



To: dexx who wrote (7272)3/20/1998 1:23:00 PM
From: Brad  Respond to of 27968
 
Hi Dexx! I know of some fairly large Money Management Funds that are in stocks well UNDER $1.00 !

They keep their holdings at BELOW 5% of the outstanding shares because they don't want to have to report these holdings to the SEC.

They just don't like to make public how they make some of their biggest gains. Just "trade secrets" so to speak.

Best wishes,
Brad