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Microcap & Penny Stocks : SNOW-Sled dogs -- Ignore unavailable to you. Want to Upgrade?

To: Gary Vecchiarelli who wrote (604)	12/23/1998 3:11:00 PM
From: Jody Ritchie	Read Replies (1) \| Respond to of 641

I'm in the exact same boat as you...only I bought when it was still above 1 (1.31 to be exact). This investment has taught me A LOT about what to look for in companies. Sometimes a product that will work can't save a company with bad management. The perfect example is all the wasted $$ on that infomercial that ran at 2:00am during the week...what a waste! I too was hoping the price would go up about 54X after the split. Of course, it's only about 10X what it was. This company sucks. I've thought about averaging down, but then I go back to a rule I made after beginning to get screwed on this stock: I will not put any money into a loser until I see proof they have turned it around. I have a bad feeling that I'll not ever see that with SNOW. Oh well, I'll take comfort in knowing I only bought 1,000 shares. It could have been much worse. Jody

To: Gary Vecchiarelli who wrote (604)	12/23/1998 4:35:00 PM
From: peter stock	Respond to of 641

I feel for you. It is very hard to make money holding a stock thru a reverse split without buying more. At this point it looks like the stock has hit bottom. If you buy an addtional 2000 shares here at 9/16 that would cost you about $1124. You said you bought 1000 old at 75 cents or $750. you now have 18 shares . That would give you 2018 shares for a total cost of $1874 or an average price of 92 cents or lets say $1.00 to round off. Do your math, but, I think this makes sense. I guess you could wait for things to happen when the stock starts to go up and then average down at .75 or $1 and have less risk and a little higher average. I think either makes sense. Good luck