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


To: andyman who wrote (2948)10/1/1998 2:48:00 PM
From: Michael Harb  Read Replies (2) | Respond to of 9391
 
Regardless of what you guys want to believe, or how good the company is, the stock price is going lower before it goes higher. OTCBB's are momentum plays for most people, not investments. They run on the promise of news, and when it comes out the excitement is gone for awhile. Everyone claims to be in for the long run, but few really are. Chances are we settle back toward .20 till there are some new developments. I sold earlier today at higher levels as it became apparent that momentum was totally gone and volume drying up (you may flame me now). I hope to purchase back in cheaper in a couple days. (That's what it's all about right?) L2 looks very weak right now and I don't see any floor near. No, not trying to tank the stock...just telling like it I see it. Bid was .40 when I started typing...I show 2 MM's at .36 now...and .30 is only a couple more MM's down...For those "truly" in for the long haul, hang in there. However,even at these low prices, I believe you could sell now and buy back more shares cheaper in a couple days.

regards,
mike