Bottom Fish Stocks (between .10 and$10)

[zenvesting]

Cat I'm there with you in my cash position. We had some great runners in the past 2 weeks....I needed to cool the jets for a little while...unfortunately I got caught chasing MYMX Friday....but I'll hold it. If they can renegotiate their debt due on 6/30/04 they should make a good move....and if they can really land a strategic alliance with a major pharma they could make a huge move IMO.

They look a little like BOCX from the peripheral view...doing business in France, terrible cash position, etc. BUT I'm encouraged by the fact MYMX seams more focused on their business than promoting their stock. Insiders hold about 50% and haven't been selling, they aren't even putting out PRs, just 8ks to the SEC. BOCX was putting out PRs without the 8ks to the SEC? MYMX seams more like a real business turn around than a stock promotion. Hopefully they can pull it off.

P.S.: Thanks again for some great plays the past few weeks....I'm a lot more comfortable today than I was a few weeks ago! But I'm glad to say I've made more trading this year than I would in six months of my old job :) Ofcourse that's making a 300%+ gain YTD.