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Microcap & Penny Stocks : LifeOne, Inc. (LONE)
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To: R. Thomas who wrote (1328)6/25/1999 9:37:00 AM
From: walleye   of 1834
 
Good Morning Everyone!

What a great day. Then again, everyday is a great day if you have the proper outlook. Hey R.T. I LIKE to believe that I'm a smart SOB putting a bunch of my speculative money in LONE but sometimes I have my doubts. I've been in and out (not completely) of LONE several times over the past couple of years for some decent profits so in that respect I've been smart or lucky depending upon your point of view. IMO the smartest things I do are as follows. I limit my involvement in penny stocks and other speculative things to about 1% of my investments. The other thing I do is put in GTC sell orders for a portion of my holdings. This paid off when LONE last spiked as I had a sell go through at 17/32. I've since put the money back into LONE with twice as many shares as I used to own. I'm still very much long with LONE and intend to be that way for the forseeable future. Do I still have a GTC sell order in for a portion of my holdings? You bet I do. Does my GTC sell order mean I'm not optimistic about the prospects of LONE? No, I'm just trying to be realistic and smart at the same time. But with that said, If I would have taken all of my penny stock investment money and invested in an average mutual fund for the past several years I would have been better off. But, I would not own xx,xxx shares of any companies either and the excitement of owning that much of a company is what keeps me in the penny arena. It's all about potential I guess.

Have a great day and BE HAPPY,

WALLEYE

29 days till ely.org
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