SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: dusty who wrote (4959)1/2/1999 1:54:00 PM
From: John  Read Replies (1) | Respond to of 7609
 
I believe that .014 to .016 is about as high as we can expect to go during the January/February effect with the number of outstanding shares now. I wonder if ARET officials were touting February as "the big month" so they can "inside sell" their shares during any January uptick, and buy more during the subsequent downtick? I normally wouldn't ask such a question, but considering we were lied to about the number of outstanding shares, we may be dealing with a dishonest company. Hell, even Jens has been shook up by the misrepresentation of outstanding shares lately. I'm just glad my average purchase price is below .01, but I am mildly concerned about being able to get rid of this many shares. I haven't decided what I'm going to do with all these shares yet. I think the selling pressure around .01 and just above is going to be tremendous. I may sell enough shares during any upswing to lock in profits for any future selling above .006/share. I honestly think our days of going to .02 or more are over, unless major news is issued. Of course, it's possible they could come out with major news, but how much can news move a company that is this diluted? I hope a reverse split never happens at these levels though. Any thoughts?

John