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Microcap & Penny Stocks : AutoCorp Equities (ACOR): Tiny Float+Upcoming PR push=$$$$ -- Ignore unavailable to you. Want to Upgrade?


To: Michelle Aldecoa who wrote (168)5/5/1998 11:04:00 PM
From: Jean-Philippe Chevalier  Read Replies (1) | Respond to of 231
 
Michelle,

I fell your pain. This is a high risk stock and I usually don't mess with BB stocks because I learned a couple of hard lessons that have served me well since then. That said, I have been had an order in on ACOR for a few days and it finally executed today. I bought 1000 shares at 1.75. I may try to accumulate more shares at these prices. I think there is good potential for gains here but I still consider this a speculative move and I may end up taking a loss.

I couldn't agree with you more that the basic business must continue in the event of a personal emergency. I don't consider the rapid release to be basic to the business. What will ultimately drive this stock price up or down will be earnings and that is produced by making auto loans. This is better monitored month to month and not day to day. While we are waiting, it would be nice to see the price move up, which I think it deserves, but it would be unreasonable to expect anything but wide spreads and volatile prices on ACOR for several months. Hopefully all of this activity will occur in conjunction with an upward price trend. I would get real nervous if management allowed ACOR to lose loans due to personal absence. I'm not talking about a day or two delay but actual loss of revenue. I am sure someone would fill in if this situation were to arise.

My advice to you would be to keep in focus the reason why you bought this stock (or any other for that matter) and if your goals are met or conditions change you should consider selling. There is nothing wrong with taking profits or cutting losses. Having said that, I hope you decide to stick this one out for a while because I think there is a reasonable opportunity to make a profit here. Also, I hate to see other investors getting out at a loss. That isn't good for the stock price, especially a stock with such a small float. Still, its your money and only you can decide how best to put it to use.

Don



To: Michelle Aldecoa who wrote (168)5/5/1998 11:14:00 PM
From: Andrew H  Read Replies (1) | Respond to of 231
 
>>The only real movement upward has been because of Patrick's hard work in spreading the word. The Company and the PR don't seem to be too concerned at what the stock trades at and too concerned at what we as stock holders expect. I called the PR firm two weeks ago and was told the rapid release would begin in two days.<<

Michelle, I am beginning to agree with your analysis. The Company should stay on top of the PR people. I am told these PR folks are really good, but they don't seem to call back and they don't seem to do what they promise. That's a good way to hurt a stock which is exactly what has happened.

Time for the PR firm to get it together and quick!



To: Michelle Aldecoa who wrote (168)5/6/1998 6:49:00 PM
From: charles moore  Respond to of 231
 
Michelle:
I am in the dark on this one also.As I stated earlier on ETPI it seems strange that if a Company is realizing a part of Income from sending Faxes that it would allow this process to stay idle for this long and wouldnt have corrected it via replacement or repair.If they are waiting until just before Earnings release they should say so.

I would think that todays news regarding the Merger between Mercedes and Chrysler would have caused some movement but I guess not.

Charles