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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?


To: BigAppleBoy who wrote (1197)6/10/1998 4:42:00 PM
From: Robert  Read Replies (1) | Respond to of 2595
 
Big,

see: Message 4802696

IMO positive news on Mon or Tues will propel this one to (at the very least) .35 to .40



To: BigAppleBoy who wrote (1197)6/10/1998 10:51:00 PM
From: Lazarus  Read Replies (2) | Respond to of 2595
 
Well Big Apple...here is what I suggest....

since your probably not a daytrader --- but instead, an investor...you will need to be patient.

Now Ozzi -- he was/is a daytrader...he just took his lumps and went on...but --- let me tell you how I INVEST.

Hopefully -- you didn't bank all your $$ on Monday's buy. AWLT could go up and top .30 .... but I suspect that it won't be anytime soon. Most of these guys here were in at .10-.12 and they are sitting on big gains and closely watching the exits.

Now AWLT has a lot of support down around .18 - .20 --- so if it moves down to that neighborhood...and I was in your position, I would consider buying more. Of course, if it doesn't hold there it could go back down to the floor -- at which time, I would advise that you buy more again....and then...be patient.

I bought AWLT while it was in its decent from its last runnup -- at .22. Then -- I bought more at .15 and down she went...then I picked up the majority of my shares at .12. My patience was -- as it usually is --REWARDED.

Recently, I trimmed my position...The stock was looking kind of toppy to me at .28

Of course....I could be wrong -- and it wouldn't be the first time....but -- I suspect that I am right -- and that the stock will continue to pull back in spite of the hype here.

Bear in mind -- that stocks often rise very swiftly....sometimes they come down as fast as they go up...other times they drop...a penny per day or per week...and the constant slow descent is like Chinese water torture. A swift - major shake - is much easier to endure -- and the recovery is usually a lot swifter.

Now -- when a stock begins to decline slowly -- the impatient -- who bought for a quick buck, begin to bail -- one after another -- as the price declines -- and then those who want to preserve profits also trim their positions.

You happened to enter at a very risky time [MY OPINION ONLY]...so patience is in order.

I wish you and all AWLT shareholders the best,

Lazarus