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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: Dusty Vestal who wrote (2721)6/24/1998 11:58:00 PM
From: slotman   of 43774
 
Good stuff Dusty. Penny people are a special breed. Gamblers to put it mildly.
I have a lot of sympathy for anyone that gets caught in a scam. But..
these guys who keep buying and selling in a panic can blame no one but themselves. You have to get sick to your stomach when you sell at a loss just minutes or hours before a major news is released. The biggest losers of this kind are on this thread right now and they will continue trading this way until they are flat broke. Then a mere 6 months from now some of the stocks they sold will be at prices that could have made them a lot of money. And again they'll get sick.
If one does not believe long then he better hone his daytrading skills.
I remember a post from a guy on FAMH when it was trading at .50. He said he put everything he had in it and if he did not just break even
this summer he was going to be in deep trouble. It sounded like he invested money that was not his to invest.. very panicky tone. He was in no position to wait long and looks like it cost him dearly.
I think anyone trying to make a living on bb's has to be nuts.
Good luck to ya.
rick
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