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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: Mary McGee who wrote (6995)	6/2/1999 11:30:00 PM
From: OLD JAKE JUSTUS	Respond to of 7609

Thanks, Mary! At first, I thought that we were in trouble today. But, now I see the light! God Bless and take care, Jake

To: Mary McGee who wrote (6995)	6/3/1999 1:33:00 AM
From: Gobe	Respond to of 7609

After accumulating ARET shares for the past 3 years, I sold Tuesday around 0.13. I'd intended to take my profit and not look back (swearing off pennies due to the grey hairs they provoke), but after seeing shareholders generally not cave in to the Wednesday morning shakeout (and that was one hell of a hard shake), I was convinced to establish a reduced position late Wednesday after taking a sizable chunk of cash off the table. The Wednesday morning shake probably knocked loose some of the large number of shares bought in the 0.06 range over the past 30 days as short-term holders locked in their profits. The rest of the shares likely came from buyers in the 0.13 - 0.14 range who got their lunch eaten for them. Overall, at a bit over 56,000,000 shares traded throughout the day, the volume shaken loose wasn't that great. I think the bottom fell out somewhere around 25,000,000 shares traded, and the recovery began somewhere around 10,000,000 shares later as the MM's realized there would be no mad rush for the exit. We could see a day range Thursday anywhere from 0.075 all the way up to 0.20.. and I have no idea which is more likely. Gobe