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Microcap & Penny Stocks : Madera Int. (WOOD) -- Ignore unavailable to you. Want to Upgrade?


To: LT who wrote (3042)1/6/1999 9:05:00 AM
From: DablocTrader  Respond to of 3693
 
LT; doesn't it make sense, if you owned 100,000 shares give or take 50,000 :), at say an average price of .055 or so to sell off a few 10,000 share blocks at that price to take some of the profits and bank em? Doesn't that answer your question?



To: LT who wrote (3042)1/6/1999 9:39:00 AM
From: James Randall Ingram  Respond to of 3693
 
MM's jumped the bid from .17 to .18 at the open. They're looking for shares. It's probably going higher.



To: LT who wrote (3042)1/6/1999 9:45:00 AM
From: Kevin Clarke  Read Replies (1) | Respond to of 3693
 
LT...I would have to agree with Dablock, in that if I had bought WOOD when I was first alerted to it at .03 I could have bought 200,000 shares for $6000, (not a lot of money).
WOOD does look GREAT so I would have if I really looked at it then and I would have sold 100,000 or so shares at .20 to .30 to recoup my initial investment along with a little profit, lets also remember that a lot of people may have had stop losses on that were triggered when the WEB site didn't come out and people started selling off because of panic.
I hope most of those that bought at the .03 to .10 range have sold off because now the gap is filled and we are ready to move on to the next base price.



To: LT who wrote (3042)1/6/1999 9:49:00 AM
From: John R Resseger  Respond to of 3693
 
Well LT

There are people like myself who tend to get compulsive at times.

After being in this stock and other low price high book value small cap stocks for 3 years, I was in a sorry financial state. The whole small cap market and Micro cap especially has been a disaster in this age of indexing at institutional money management. As Cramer says go with the big stuff.

Anyway when two large dogs were abandond in my driveway, I didn't listen to all those people who said I could not keep them either.

I was not able to afford to keep them. On my last business trip, my wife had a major problem with Ben the 105lb Shepard with a long police record. She informed me I could not leave town overnight as long as those dogs were in the yard. Well there went my last hope for procuring some dog food and making the payment to CompUSA 6 months 23% interest retroactive due if principle is not repaid by 12-27 etc.

The bottom line is I had over 300,000 shares of WOOD 12-15-98 and couldn't afford an Xmas tree.

Thank God the price has moved up. I have sold some blocks of 10,000 here and there. Not smart eneough to get 31.5!

I still have a bunch, but it would not be prudent for someone in my dire financial straits to have 90% of my positive financial assets in any issue.

If I had money and did not own any WOOD, I would buy it at these prices.

I don't like the consultants getting shares. For the life of me, I can't see where paying Stockwire.com or any other type site to post a press release makes sense.

John