Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: Jenny Pillen who wrote (658)	2/8/1999 4:44:00 PM
From: Zardoz	Respond to of 974

The other day, I suggested it would go down between $1.00-$1.25 This stock went up way to fast, and as such has to correct. MY TA suggested that it will be a buy around that price, and then will slide sideways for 4 days or so, and then start to appreciate, then gap up to $2.25. Its way to early to say when $3.00 will be hit again. But as a sign to take to your broker, their is obviously people waiting to buy. So momentum may well get going again soon. As of today, the low should be $1.15 by Wed. #reply-7704726 Would you like a nice chart? Note: when I was predicting the price for BII, they fooled me by issuing a news release.

To: Jenny Pillen who wrote (658)	2/8/1999 5:08:00 PM
From: David in Ontario	Read Replies (1) \| Respond to of 974

Hi Jen - still shaking the tree Given AGORA's post this morning on the forthcoming 'in depth' News articles that should come later this month in the financial press and the weak market depth on the Ask side - there's nothing to be concerned about IMO. This is how the market depth finished up at the close today: BID ASK Vol Price Vol Price 5,200 @1.31 2,500 @1.37 16,000 @1.30 7,500 @1.40 3,000 @1.26 1,000 @1.41 4,900 @1.25 4,200 @1.43 2,000 @1.21 10,000 @1.45 Doesn't look like very much downward pressure to me with just 15,200 shares being offered at less than $1.45. Today's volume was a good 289,700. I'm looking forward to the end of the month when the detailed reports of the eMerge Alliance will start to appear in the financial press (or have already started to appear). That's also time when the first phase of the $CAN14M financing (i.e., $CAN6M) is due to be in place. Why is is VNE going down - take your pick: may be some profit taking, shorts covering, impatience of some penny stock investors who want to make 50%+ with every short-term trade and can't wait a month, too rapid a rise with the 'Buy the Rumour - Sell the News' folks also contributing to the fall in the share price...I'm sure there are other reason's as well. I hope to have some DD back from Citibank sometime this week. Give it another 2-3 weeks and we'll be rocking again. David.