Magnesium Technologies Inc. - MGTK Message Board

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Microcap & Penny Stocks : Magnesium Technologies Inc. - MGTK

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To: Zeddie88 who wrote (36)	7/9/1999 1:57:00 AM
From: Loren S.	Read Replies (1) of 53

I feel like the tortoise racing the hair lately. When I first started following these internet message boards and buying penny stocks, I often bought the latest hot tip. I got burned plenty of times buying high and watching my investment crash and burn. So I changed my investment strategy to try to find undervalued pennies with great upside potential. Most of the stocks I have invested in have a solid product and a lot going for them. ECOI didn't exactly meet this criteria, but at least it was an out of favor stock trading near its lows. In any case I now hold seven stocks (TSIS, SYCD, USTI, DREV, MGTK, PNET and BAOA. Most of these are pretty solid for pennies with a couple of exceptions. In any case my stocks have all been stuck in neutral for the past couple of months. At the same time the penny stock junk I used to invest in (CHES, ARET, among many others) have all taken off. I have been biting my tongue waiting for my turn. In the end I feel that trying to find quality penny stocks (of which I now consider MGTK to be) will eventually reward me in the end. It will just take more time than the fly by night, pump and dumps that are racing up and down all around me.

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