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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value -- Ignore unavailable to you. Want to Upgrade?


To: zonkie who wrote (543)10/10/1998 11:04:00 AM
From: Baldur Fjvlnisson  Read Replies (1) | Respond to of 1640
 
Returning to those pumping campaigns of August-September one has to wonder what the true purpose was. Usually it obviously is to pump up buying interest and the price and dump cheaper shares you've accumulated beforehand. In this case buying interest was indeed pumped up a great deal, but the price of the stock did not move, at least not up. The day I bought my shares THERE WERE OVER 90% BUYS AND THE PRICE OF THE STOCK WENT DOWN. There were other such days, you can check messages on this thread from that time.
These campaigns were not small time, they were swarming all over here, Yahoo and probably other popular message boards. I don't remember if some newsletter was involved, it may.
It's obvious that investors have lost millions and millions on this stock, some of them are sitting on their loss I hope they recover at least some of it. Others, like me, have taken the loss. For me it was about 500 dollars. I consider that a fair price to pay for this lesson. I'm just disgusted by this whole mess, therefore I feel I have to comment on it.

Best of returns,

Baldur F.