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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Mel Viticus who wrote (18970)5/23/1998 1:52:00 AM
From: Kurt N   of 27968
 
>>Can somebody tell me why anyone would buy a $6.00 BB stock(DGIV)? I thought the whole rationale behind this insane OTC market was the exponential gain potential derived from a stock tripling and quadrupling in a short period of time.<<

DGIV isn't going to be a BB stock for too much longer and will move to a listed exchange. Some investors refuse to touch any stock that is under $5. The reward is less, but their risk is substantially reduced. I'll bet DGIV will go up when it gets a Nasdaq listing.

Every FAMH investor hear dreams about this stock moving to the Nasdaq, so that it can be fairly valued amongst it's peers. The only way that is going to happen is if FAMH goes to $4+ (after several quarters of projected eps happening). So let's say FAMH goes to $6, your question could be turned around to say "Why buy a $6 BB Stock, FAMH????. Isn't the whole rational...."

I think it's a beautiful sight to behold when some stocks escape the OTC. It's even better if you own it at low prices (under $1 or .50).
I've never owned any DGIV.

Out of the ~6400 OTC stocks, only a very small minority out of the stocks that deserve to escape do. Watching one escape gives me hope that one that I own may do it too someday.

Kurt
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