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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Bidder who wrote (52441)6/23/2000 7:30:00 PM
From: Richard Mazzarella  Read Replies (2) of 150070
 
Bidder, sorry to see you have already found the other side of penny investing. The lure is seductive, however, the potential loss is real and can be large. It also cost me ~$40k to learn the game before getting even which took over 3 years. Most early penny players winners are only loaned their gains by the market makers when they are lucky. There is a good reason that most advise only playing the pennies with money you are willing to lose. Diversification minimizes loss and lets one play again. Good luck and don't be shy relating your experience. It may help someone else, but of course most won't listen because they know better.
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