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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: Perry M. who wrote (9881)6/8/1998 8:07:00 PM
From: Lee Walsh  Read Replies (1) | Respond to of 11850
 
Comment by Jules....

"He was told by email that the reason ICVI went down so much today was because certain individuals on this thread, who will hold in high regard , took their profits in order to free up cash to invest in another "pick"."

My opinion,

I don't personally believe this was the case. I believe this was a daytrader sell off, just as Bob described. I know I didn't sell any shares today myself. But if the statement is true, we will find out soon enough. And in my opinion, the people that sold, will have just lost about the best thing they ever had going for them.

Lee



To: Perry M. who wrote (9881)6/8/1998 8:07:00 PM
From: rodster397  Read Replies (2) | Respond to of 11850
 
For your information there was very few if any daytraders interested in this stock today. Actually no one was expecting news at all...! Facts not speculation!

Rodster



To: Perry M. who wrote (9881)6/8/1998 8:11:00 PM
From: Thomas Patrick  Respond to of 11850
 
I will agree with you 99% (i cant go 3 digits, y2k problem)

I spoke with a particular Investor Relation associate today and he said because of the rumors and speculated news being passed around on the internet that todays PR was done intentionally to diverge those rumors and buying on hype traders.
After last weeks run to $1.80 only to tank to $1 they wanted to shake these traders and not release any such numbers were people will buy into this stock because of such.

E.g; the mere mention of the $2.85 book value was a mistake I believe.



To: Perry M. who wrote (9881)6/8/1998 8:16:00 PM
From: techxprt  Read Replies (1) | Respond to of 11850
 
Agree, it may very well be. Also, You know what Perry, as Bob said they did not buy 8000 acres to look pretty and big. If 2600acres can contain 10million tons of Coal and 2Billion Cubic Feet of Coal Bed Methan, how much it could be under 8000 acres. Current book value of 2.85 becomes what $4 or $5 or more ??

Long and Strong!!!!

Techxprt