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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: Tod C who wrote (730)	6/8/1998 1:16:00 PM
From: jmt	Respond to of 3584

Todd , I agree.. It was my comment to jon that you posted. Some stated they do not want to hear it if there are no facts. Sorry, but Jon did begin the false rumor on GLCP FCC approval. I communicated to him the missleading original price of his recommendations, and now they are no longer on his website. Now there is only the "Total Gain" so there is no way to confirm the true gain. He states his gains do not come at the expense of other shareholders. Who is he buying his stock from at low prices before he perpetuates rumors driving the stock up. Then who is he selling the stock to at the high before the realization there is no news and the stock tanks. Good intentioned individual investors are loosing money for his personal benefit. This is unfortunate.

To: Tod C who wrote (730)	6/8/1998 1:19:00 PM
From: KZAP	Read Replies (1) \| Respond to of 3584

I went back and re-read your post. <<<<<Jon replies: Most of these penny stocks are buy on rumor, and sell of news. Jon, this is your philosophy on today's upcoming pick that you expect will have news on Tuesday morning? That way you can unload your large position that you bought last Wednesday during the run-up.>>>>> Actually both of you are wrong. Or, have the wrong idea of the situation. JMHO Your reply to Jon, would mean Jon should sell on the news. But why would Jon sell when he bought on a run up? This discussion seems to be too vague. If Jon is recommending a buy on MDMI, it is not working today. If we have news, let's say Tuesday, I see the price going up, Not down. So if someone wants to sell into the news, let them! There should be plenty of buyers. JMHO (I'm now confusing myself!)<g> KZAP