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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (2304)	5/12/1998 10:22:00 AM
From: FILFOTO	Read Replies (1) \| Respond to of 25711

NATK- What in particular is leading you to this? The falling sales and negative profits do not look encouraging. Is it the debt ratio? Or potential upcoming news? Having said that, What the heck. I'm in. This one has only moved 1/32 on the ask today. Much more encouraging than the 300% yesterday. Thanks, Robert

To: Joe Copia who wrote (2304)	5/12/1998 10:33:00 AM
From: TARIQ STOCKS	Read Replies (2) \| Respond to of 25711

Joe, everybody, New IGNE, all buys lately, steady rise, as the 1Q earnings is coming out this Friday, a developmant stage company who earlier this year they shipped their new product AstaXin -- a natural source of astaxanthin pigment, this I heard could bring up to $100M dollars. In their last report, they mention that they do not have cash, but they expect cash to come from sales of this new product, that is bold; it means that they have a lot of orders lining up, in fact according to one of their releases they just got $5,000,000 from orders. Seems to be a lot of insider buying lately, from one of their reports: "On February 9, 1998, the Reporting Person sold 79,500 shares of Common Stock in the open market for an aggregate consideration of $5,366.00. On March 4, 1998, the Reporting Person purchased 20,000 shares of Common Stock in the open market for an aggregate consideration of $2,100.00. On March 9, 1998, the Reporting person purchased 40,000 shares of Common Stock in the open market for an aggregate consideration of $4,400.00. On March 31, 1998, the Reporting Person purchased 3,750,000 Units in the Rights Offering for an aggregate consideration of $375,000. The Reporting Person paid the Company for the purchase of these Units through the cancellation of the $375,000 in promissory notes received as part of the Bridge financing." Imagine this guy sold 79,500 at 0.0674969 a share on February 9, 1998, bought March 4, 1998 20,000 shares at 0.105 a share, bought 40,000 shares at 0.11 a share on March 9, 1998. He is an insider. IGNE homepage is: igene.com it is a bargain at this point with a float of 1.9M shares, Do your own DD, and study this one carefully.