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Technology Stocks : Lance B's : Its A Beautiful Thing
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To: LANCE B who wrote (2850)1/15/2000 10:55:00 PM
From: Eric Fader  Read Replies (2) of 4792
 
right now the more you know about the past of the company and the price the harder it is making money because it is real hard to consider buying some of these stocks at the prices they are at...

These are definitely strange times in the OTC-BB world. There are some stocks in your list (and many other obvious examples) that I know for a fact were promotions or outright scams. Either some of them have turned into real companies while I wasn't watching or, more likely, the promotions and scams simply are getting more sophisticated. For example, what the hell is BNTI doing over two bucks when their products are vaporware? There are so many unsophisticated people throwing money at the Bulletin Board these days, even pigs can fly. ANTS over $40? Gimme a break... it won't last forever.

I'll trade almost anything if I can get in early and I feel like I have an information edge, but with a lot of these stocks (STRU is another example) just the thought of buying them is enough to induce vomiting. I guess I have to work on not letting what I know about a company's management, promoters or lack of real products or assets stand in the way of buying the stock once I see that it's being pumped to the moon.

BTW thanks for the kind words earlier.
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