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


To: Ellen who wrote (2882)10/1/1998 9:25:00 AM
From: kbert  Respond to of 9391
 
I think nobody knows this company yet.
And the most of the one who did only
remember the RS.
I expect BNEZ to make BIG NOISE in the
near future.
Archie.



To: Ellen who wrote (2882)10/2/1998 7:28:00 PM
From: Jim B  Read Replies (1) | Respond to of 9391
 
thanks for the kind words...

I'm comforted by today's rise back up 30% in the bid price from low of .28 to close at .36 and then last trade at .40

this could be our support level... the final emphasis on this will be if we can hold 40cents by tuesday... even if no news appears..

if that's the case, then I believe the stock will form a flat line trading pattern for a few days and then when news does come out showing the initial sales figures we'll see another rise..

what I do find VERY interesting is that the volume has gone back to where it started... again, my point being that all the heavy spike in volume must have been from MMs tossing shares back and forth and falling all over themselves to cover... where else did all the new money come from?? all the big players here are still holding (no way to prove it.. but they've stated they didn't sell and that they have their certs called in anyway).... and even if they sold 1/3 their holdings.. still wouldn't account for the big drop... and dried up volume...

again, I think if we can sustain these prices.. that we'll go back to trading this one as we were before... and will have to await news or new interest to push this one higher...

the great thing is... when all is said and done... though we may end up right back where we were in terms of trading... instead of being stuck at 15cents... we may be stuck at 40cents.. which is fine with me... until we see another move up... we may not get the massive volume spike.. but then you never know who just might come along and decide to recommend this stock or buy heavily for themselves..

I'd suggest everyone keep a close eye on the volume and the way this one trades over the next few days... let's look for some good signs of support... while we do that... hopefully we'll continue to hear good things from Mitchell and others and that in a short period of time we'll see some news showing continued growth in BNEZ...

I don't know if we'll have news next week or not... so my first concern in accumulating more will be to make sure that I am maximizing my dollars... I don't have a fortune to invest.. so like many of you, I always want to try and time things the best I can...

I do have shares still and didn't sell a single share today... cuz you never know when it might move up again... but as for buying more.. I'm gonna monitor things closely...

with each stock/trade/day I learn more and more to focus on the company fundamentals and the trading logs.. and not so much on emotion... kills me almost every time..

ellen, you and everyone else have a great weekend... I know many of you are down in this stock... I too have some stock I'm holding that are way down... but odds are... most stocks do rebound in time.. just go back a couple weeks and read the posts of people who were pissed that we'd never hit 30cents again and that this stock was going to zero.... yet we bottomed at 15cents and shot to $1.25 in 2weeks... people certainly had a chance to do well with that.. but you had to move fast... hopefully, once we stabilize.. this next run will be slower and gradually move us up... thus emilinating the daytrade effect.

jim