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Microcap & Penny Stocks : U.S. Microbics {BUGS} - Environmental Augmentation -- Ignore unavailable to you. Want to Upgrade?

To: GY who wrote (54)	7/3/1998 9:51:00 AM
From: Sigmund	Read Replies (1) \| Respond to of 345

I don't think you can judge what is going to happen by how effective people are at selling at highs and buying at lows. There may well have been some shareholders who planned to sell on the next spurt of good news. The good news came, the stock went up but they thought it might go higher so they waited a bit. It didn't go higher so they sold. It happens all of the time. Personally, I was a bit disappointed myself with the news. News about financing was good, but the amount was not that impressive. I look forward to more news about financing, news about sales, and news about alliances/joint ventures. They need all three pieces of the puzzle to come together so that is what I am looking for. Hope the pieces to the puzzle fall into place quickly.

To: GY who wrote (54)	7/5/1998 8:53:00 AM
From: american dreamer	Read Replies (1) \| Respond to of 345

Another factor which may be taking place here is that this company reversed into a shell. Apparently it was in the cellular business prior to this. Through the process there are undoubtedly a few significant shareholders who have a very low cost basis in the stock and lots of shares. These would be the previous insiders and the "deal guys" who enginered the deal. Seeing that the stock has developed a trading level, it would be normal for them to liquidate some into strength and more when the move up ends. After all, they just want the money and to move on more than likely. The good news is there are limited shares outstanding so the overhang should not be considerable. If you like the stock, take the downward moves as an opportunity to build your position. If you are not so high on it but want to stay in the gain, quit worring and wait. Last option, sell when it moves up and buy back in when it falls back.