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


To: The Street who wrote (3048)10/2/1998 9:19:00 AM
From: kbert  Respond to of 9391
 
Well, I think many people are traders
and they want out and look at the good point
to be back in in order to multiply their shares.
Might be a dangerous game to play, but it obviously
worked on BNEZ. I will think about it next time.
Some of the traders may have multiplied their shares
by 2.5 or more. Not bad!
But I say it is dangerous as you can have the stock
fly and not be able to jump back in.
Think if they issued a press release on Tuesday Morning!
However, I must agree with the experienced traders
on this tread that this was predictable as the company
is rather unknown at best.
So far for my bet of $1.1 at end of week without news! ;)
Don't see anything illegal with MMs.
No buying pressure, they have to find buyers for the sellers
so they drag the stock down, increasing spread ==($)($)
Of course, they could maintain
the stock and wait the buyers come back as the ones who
went out may freak, but why would they do that ?
They are not here to help shareholders but to make money.
I am learning!
Any comments ?
I love that game. :-I
GO BNEZ
Archie.



To: The Street who wrote (3048)10/2/1998 9:20:00 AM
From: duncan  Read Replies (1) | Respond to of 9391
 
Street, it is obvious people have sold...Thats to be expected after a 400% run up. I would lock in some profits to if I had bought at .14.



To: The Street who wrote (3048)10/2/1998 9:50:00 AM
From: Ellen  Read Replies (1) | Respond to of 9391
 
Hey Street, I believe that's already a known. Some who got in last week and early this week for, say, anywhere from around 20 cents to 50 or 60 cents probably sold on the way down from $1.25 (and/or along the way up).

No big deal. Isn't that what always happens? A stock is "hot" for some, they buy in, and sell at the first opportunity.

Geeezz, it happens everyday!

Now, we're back to what looks like a base of around 45 to 50 cents - with investors, not traders - and proceed along our way. Look around at the thread - see who was here then and who is still here now. No mystery.

Why all the shouting?