Hi Phil,
I've had very mixed results myself based on Jerry Wenger. I did great with Hearx (still holding), but bombed big time on a few others. None of them were very big investments, so not that big a deal. I'm too nervous about pennies to drop a lot into them. I guess I'm just looking for that one big hit.
I think CHAP has a good shot at hitting a dollar within a year or so. Not bad. I got in at 12 cents (dipped a little after that: could have got it at maybe 9 cents!). A move to a dollar will make a nice return, though I think I will take Wenger's advice and sell half if it gets up over about 30 cents. Most of these things go up and down a few times before they go up for good (or down for good!). So it might not be a bad idea to sell half at 30 or so, then buy it back when it drops, sell again, etc. I wouldn't doubt if we see a few moves to 30 or so, followed by dips back to 15-20 cents. Longer range, I think $1 is not at all out of the question. When you talk to CHAP, they say $3 in '97. Hey, Janice Jones has done it before! |
