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Microcap & Penny Stocks : Starnet...Clicktoplay...STEN -- Ignore unavailable to you. Want to Upgrade?


To: Roy F. Baker who wrote (702)1/6/1999 1:54:00 PM
From: Ted M  Read Replies (2) | Respond to of 1071
 
You may be right, Roy. Nevertheless, I just bought 5,000 more at 27/32. Just a few days ago I was ready to buy at 1.25, so this doesn't seem so bad relatively speaking.
It's a gamble, no doubt, but this is what buy low sell high and risk taking is all about. My rational is as follows: The major drop at year end came on very low volume, which indicated to me that there was no significant bad news. No one wanted to sell, so finally after several days of worry we have this larger drop and volume comes in. Someone bought. I assume the mm's are beginning to load up while we all stand around more nervous than when we bought at over 2$ a share. But I may be wrong.

I'll end with this quote from the recent news releaase in December:

'Click's communication technology will revolutionize the Internet in the near future. I am happy to assist Click in promoting their products in Europe's fast growing Internet market, and their agreement with France Telecom is a giant step forward for Click's development'
Bernard Tapie, renowned entrepreneur

Good luck to all. Ted



To: Roy F. Baker who wrote (702)1/7/1999 6:57:00 AM
From: Fred Davis  Read Replies (1) | Respond to of 1071
 
Good morning Roy and all of the STEN board. I just received e-mail from Mr. Bendov at Click and were told he is flying to NYC next week and hopes to be able to consummate the deal with Starnet/Click. Click is in the process of DD prior to closure according to Guy and hopes to have good news for us by the end of the month. I know this is not earth shattering and will require some patience on our part but I sense the confidence that this man has in Click. I encourage all who have a vested interest in STEN to contact Mr. Bendov about your concerns. He always puts me at ease with his confidence in Click's product. Hope this helps.

As for the trading pattern, I can't explain what is going on. I suspect there may be some short selling going on. We had two periods of short sell offs yesterday and a small rally toward the end of the day. I'll continue to hold and average down.

Regards,
Fred