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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?


To: Proletariat who wrote (721)1/24/1999 1:06:00 PM
From: mahnaz mirfatahi  Read Replies (2) | Respond to of 1979
 
The book value does not drive a stock price

Even though it is a security factor. What drives a stock price, is expectation on future earnings. I am a true believer in this company and I bought my first 100,000 shares at .06, and have been accumulating in 5,000 blocks at various prices (.13 to .22). Since your average is $.24, it would not hurt to add to your position at these levels (you will be averaging down). However I am not sure about 200,000 shares all at once .