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

To: Zeev Hed who wrote (291)	7/21/1998 5:12:00 PM
From: flickerful	Respond to of 520

<< I am quite happy observing the scene from the sideline.>> i understand. and i agree...thanks for posting your thoughts. randy

To: Zeev Hed who wrote (291)	7/21/1998 9:54:00 PM
From: Intrepid1	Read Replies (1) \| Respond to of 520

Zeev, if the people holding those two million shares are stupid enough to blindly dump their shares then yes I can agree with you IELSF will go lower. But I think the current low price offers a good entry or re-entry point. And I somehow gather from reading the news release and reading HCM's posts that those 2 million shares will be disposed of in a more orderly manner and at much higher prices. From my experience a good shakeout in a spec stock such as IELSF, while extremely painful to those on margin, is sometimes a precursor to a major upswing. Let's hope I'm right purething