To: BUDDY MOYNIHAN who wrote (2432 ) 8/6/1998 2:32:00 PM From: ruben azcona Read Replies (1) | Respond to
Hi Buddy! I know there are enough shares hitting the bid, but that is exactly my point! We all here have soaked up about as much stock as our budgets will allow, thereby sitting and hoping that some white knight will come in and start accumulating at market. Judging by some of the forty and fifty thousand share trades that have happened recently, it seems like insiders have enough money to give the stock a boost but instead it looks like they also prefer to buy as low as they can in hopes for that white knight to come along. And unfortunately, the only possible white knight I can see is management themselves. I firmly believe that if they were to buy at market for even one day like the ones we've seen recently of between 100 and 150 thousand shares, that would drive the stock up at least to ,hopefully, around the 50 cents mark, which would then prompt other investors to jump in and give the stock another little shot in the arm.
