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To: David Sirk who wrote (10118)11/19/1998 12:35:00 PM
From: cicak  Respond to of 44908
 
Sirk, you obviously never listened to a word she said.



To: David Sirk who wrote (10118)11/19/1998 12:39:00 PM
From: MskiHntr  Read Replies (1) | Respond to of 44908
 
David, on 11/13 the stock was at .185. Today 4 1/2 days later it hits .36 a 94.6% gain. I think a little profit taking is in order.
And as Marty has pointed out there are those who buy in anticipation (news pending) and then sell on the news.

Thankfully, the short term oriented "investors" have provided an opportunity for the long term "investors" to add to their positions.

Be a realist, please.

Best, JOe




To: David Sirk who wrote (10118)11/19/1998 12:57:00 PM
From: David A. Irvine  Respond to of 44908
 
David,

Actually, your assessment of the situation (i.e., the price dropped when the news came out) is not correct. I believe the stock price was close to $0.25 when the financing became known (and was in the upper teens when the rumor of a PR started). As you probably saw, the price shot up to $0.36 and now has dropped to $0.29. I assume this is due to day traders buying on rumor and selling into the news. Quite common. Why did you state that the price dropped when the news came out? Is there something I am missing, or did you not realize what was happening?

FYI, here is some info on the convertible debenture that came from a thread participant's conversation with Gordon.

Message 6474924

Take care,
Dave