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


To: Zardoz who wrote (820)3/12/1999 1:30:00 PM
From: Ian@SI  Read Replies (2) | Respond to of 974
 
Hutch,

You seem to have this stock nailed!

It appears that near 10AM somebody attempted to dump less than 50,000 shares taking the price down from $1.26 to $1.12. Who knows how low it would have gone if another 50,000 shares would have been sold at market at the same time?

VNE reminds me of a cockroach. Just shine a little light on it, and it scampers to hide away in the nearest crack.

Still no answers to any questions that need to be answered before wasting a penny on VNE.

Among the most important, what caused the PP to fail? If an informed source won't pay $0.68 (i.e. $0.90 less the maximum discount of 25% allowed by the ASE) for a VNE share, why would anyone with less information be so stupid as to pay twice that price? ... unless of course, that person was a broker. :-)

Best regards,
Ian.