All major YTD indices are in the red, except us. Pennyheaven
Super 7 has been holding its gains thanks in part to Basic Earth
Sciences BSIC (.50), which hit a new 52-week high Friday on
news of recent drilling activity and continued high prices at the pump.
http://biz.yahoo.com/prnews/040510/lam091_1.html

Insider Buying
KTEL fell back to .10 and guess what happened?
CEO Philip Kives bought more on 5/11 at .10
http://finance.yahoo.com/q/it?s=KTEL.OB

Last time he bought the stock doubled.
We're on to you, Phil.

More insider buying
eLec Communications ELEC (.14) recently came out of bankruptcy.
http://biz.yahoo.com/bw/040415/155081_1.html

CEO and CFO have been buying shares
http://finance.yahoo.com/q/it?s=ELEC.OB

CEO recently bought 75,000 shares at ~.21/sh
eLEC Communications Corp. is a competitive local exchange carrier
that offers local and long distance calling plans to small business and
residential customers.

16,259,782 s/o as of 4/01/04
Website: www.elec.net

This is going to be huge one day...
Wi-Fi Phones May Help Cut Calling Costs
http://biz.yahoo.com/ap/040510/wi_fi_phones_1.html

FYI
Penny stock with wi-fi phones - Viper VPER (.46)
Its a pink sheet stock so be warned.

I'll keep you posted.
GP@Pennyheaven.com

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