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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Tom Allinder who wrote (30963)2/26/2000 4:51:00 PM
From: Eric Fader  Read Replies (2) of 150070
 
Jeez... hope you're right, Tom. But almost anything that hasn't yet spiked is relatively low risk right now if one can watch it closely as you can. I just meant to say that we're getting people buying OTC-BBs now who don't understand the dynamics and risks of the market ("what's a market maker?" "if it was trading at [whatever the bid was], why didn't my buy order get filled?" - you know what I mean). They think they're great stock pickers because they made a few bucks on Cisco and AOL, like a co-worker of mine who bought VDOT at the high, not even knowing it was a Bulletin Board stock. And like the many people who just got their brains beat in by LOCH, which appears to me to be a 100% unadulterated scam. Eventually the "dumb money" people will take a few big losses and go back to Amazon and mutual funds, and zillion share float companies will return to more normal valuations, IMO.
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