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To: Sandra who wrote (432)7/6/1998 1:34:00 PM
From: James Wright  Read Replies (1) | Respond to of 600
 
Sandra --

I agree with your analysis about resistance, although I think there is a lot of resistance all of the way through 6 based on last April's pump and dump by TokyoMex and others. Today's action very well could be another pump and dump, but if it breaks 4 on good volume, then I think this rise may be for real.

There have been a number of "pump" posts today on various Yahoo threads, and TokyoMex posted his buy at 11:30 just as the price was hitting a high of around 3 11/16 (at least so far today). His pattern seems to be to pump well after he's taken a position, try to get a few more percentage points, then sell and leave naive "investors" holding the bag.

Please understand that I'm not at all accusing you of a pump and dump. I am generally impressed with the quality of your stock picks based on your posts on the Amigo thread. However, I simply would suggest that there is nothing to be gained from doing anything that mistakenly associates you with TokyoMex.

-- Jim



To: Sandra who wrote (432)7/6/1998 3:25:00 PM
From: Andrew Martin  Read Replies (1) | Respond to of 600
 
Sandra. I agree concerning the resistance at 3.5. I watched Quote.com's Live charting this morning and when the bid went to 3.5 there was a steady stream of small selling for over 10 minutes. Obviously, someone was purchasing all those shares. It amounted to about 90k shares sold at that bid before the price declined below it. I'm afraid the little investors are being scared out early in what will likely be a healthy runup. I understand via TDComm2 on Yahoo msg. board that Leap is going to release a p.r. soon on it's agreement with BVSN for site development work vis-a-vis AA.

Regards,
-Andrew.