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Microcap & Penny Stocks : JNNE Jones Naughton: Go Online via Kiosk -- Ignore unavailable to you. Want to Upgrade?


To: Mohammad Khan who wrote (794)4/12/1999 6:52:00 AM
From: Grupo Brad  Read Replies (2) | Respond to of 4824
 
Good Morning Everyone,
I spent the better part of my weekend reading all the posts on various internet boards. It is great to see the enthusiasm that has been generated since last Thursday morning.
Couple of points to keep in mind. Someone mentioned something in regards to putting in market orders. Keep in mind, MM's are not dumb people and their job is to make as much juice for their particular companies as possible. Pre-market orders at the market gives them a license to steal IMO. If I feel that a stock might run away from me I usually put in a limit order somewhat above the ask. Again, this is simply my style and not a recommendation.
We spoke briefly last Friday in regards to interest coming in from various brokerage house. In fact, Prudential, Merrill Lynch, Morgan-Stanley-Dean-Witter and others have shown a lot of interest on behalf of their clients.
I had a return call from Pat Rost at 5:30 a.m. E.D.T. this morning. He was already in the office at 2:30 a.m. P.D.T.. He did reconfirm all of the above in regards to the interest that has come into his office. I'm sure there will be a degree of profit-taking to some degree but I feel that we have enough buying power just with my sources and what I feel could come from the "big hitters" through their various brokerage firms. Add to that the fact that this possibly could have been the most talked about stock on the internet this weekend and I would say that I feel comfortable that we can go significantly higher this week.
Again, I would suggest that everyone take the time to really do some diggin' on your own. Don't invest because of a future settlement on the lawsuit nor a pending news release. This is just gravy but the fundamentals. management, and the business plan are far more important when making investment decisions. I and my group have done are "due diligence" and have found the latter to be very positive. We are buyers at this level and feel that we will have significant volume again today.
Hope this has been of help.
"Grupo Brad" P.S.--SIDEBAR TO LANCE---Lance, I could not be happier that you are finally getting your just due for all your patience with JNNE. You deserve it. You have always kept up with your "due diligence" for all these many years. Joe Naughton told me that he wants a car when this is all over. So do I. <vbg>