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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?


To: Leroyt who wrote (2868)9/30/1998 7:03:00 PM
From: Jim B  Read Replies (3) | Respond to of 9391
 
today was interesting.. certainly a change in momentum occured..

does anyone who has level 2 think that the majority of the covering has now occured?

today was the first day since 15cents that I've seen weak buying in the morning and weak buying in the afternoon...

that is why stock barely rose off the low today... usually we've finished up near the high or at the high for last 8days or so...

volume dropped a bit too... thus, I had to lock in some profits today .. could have done much better but let go of some shares I got at 23cents... who can blame me?? only a couple thousand shares... so no big deal anyway.. I figured take the sure profits now then risk having the stock go way up and way back down (if goes down more which I doubt it'll do)... and not have taken any profits???

I still hold shares and will get more if it does dip further.. but I think most people who wanted to lock in some profits have likely done it over the last 3 days... the question is whether any covering that has been going on is over...

last day of the month today.. is it just that we closed down because of MMs clearing books?

with more news around the corner.. the key will be whether new money or renewed interest will now take over and internet buying along with any possible real world money (as Mitchell has alluded too) that might come into BNEZ and whether that alone can drive the price up...

with a float of only a couple million.. I would think so.. that is why I only sold a few thousand shares.. the fundamentals remain in place and look good...

BB world is tricky... always a good idea to lock in profits along the way.. otherwise why are you investing??? the trick is that if you know the company is truly a good find... then you don't wanna sell out completely and turn your back on the company as an investment... because eventually the market will give a fair value to this stock... and I'm sure it'll be much higher than 70cents...

meantime, I'm glad to have a position in this company and will purchase more shares on obvious oversold events and look for more defining news from the company..

again, anyone with level 2, I'd love to hear your comments about whether covering has been completed.. Leroyt I think you were keepin g the tabs on buys vs sells... how have we faired the last couple days... more selling than buying? or vice versa?

jim



To: Leroyt who wrote (2868)10/1/1998 8:50:00 AM
From: otcbbbaby  Read Replies (1) | Respond to of 9391
 
It could take anywhere from 30 days to 45 days to see them drop out, based on my readings of the regs. The OTC is a strange place. Its not even an exchange, really, and as an affiliate it's regulations are a little on the murky side. But Rule 15C11 of the Securities Act of 1933 states that they must have current financials in order to continue trading. But don't expect the FBI to launch an investigation today. They have other cigars to light. :)