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Microcap & Penny Stocks : IELSF-Flight to Fortune Or? -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (286)	7/20/1998 5:19:00 PM
From: LAWREAL	Read Replies (1) \| Respond to of 520

The second half of the release has the usual delay scenario--in regard to Princess cruises and SA. Also has the usual "anxious to" verbiage from GS.

To: flickerful who wrote (286)	7/21/1998 4:50:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 520

flickerful, as I have said,"new lows beget new lows", IELSF just hit a shameful 1.875. With a supply of more than 2 million shares overhanging this market, it will not even have a chance to participate in what is left of this summer rally. I would not be surprised if it drops to the low 1' or even under 1 in a spike like manner. If the volume then increases drastically, (like more than 500,000 shares), I may consider reentry then, but right now, I am quite happy observing the scene from the sideline. Zeev