To: Jeremiah who wrote (391 ) 4/13/1998 9:52:00 PM From: VIPER85730 Respond to of 763
Jeremiah, >I also am still long and thinking about buying some more, although I think I may wait and see what happens before I jump into another batch. Say doesn't that private placement mean that they could loan the money to SRMI for so much stock and then sell the stock when they wanted on the open market? Which is more or less what I think happened, at any rate we had a 25% dissolution the last week of March and the first week of April.< So far we've had pretty good support at 3/4. Last time it got to 3/4 on a Friday, I wanted to buy more Monday A.M. but it went up at the open and I missed my chance. Today, it took all day but my order got filled at 3/4 making me a happy camper. Seems to me that if these extra shares are putting a little pressure on the stock, it can only last so long. I watched this stock for over a year before I did my 1st buy, and I missed a couple of nice rises that I wish I didn't. Sometimes on no news. My point is, if SRMI needed to do these private placements to raise some quick cash to start production, that's understandable. At the same time it's created a hell of a buying opportunity for us, which I've taken advantage of. I've also set my sights 6 months to a year out from now. Hopefully it won't take that long but if it does I'll wait. When the good news of sales, profits, ect. comes (whenever that is), I'll be smiling ear to ear. The above are only my own opinions so take them for what they're worth. And by all means, if anyone disagrees with me, come on in and let me have it. : ) I love the potential here. Good luck to all, VIPER-------< P.S. Now that I've had my serious moment...."C'MON REUDI!!!!! GET IT UP DAMMIT!!!!!!!!". LOL. "YOU TOO EULI !!!! DON"T THINK I FORGOT ABOUT YOU!!!!!" : ) IF YOU GET THIS STOCK TO 10, I'LL CHANGE MY NAME TO VIPELI AND DYE MY HAIR BLONDE. GET IT TO 20, I'LL HAVE ANOTHER KID AND NAME HIM EULI!!!