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Microcap & Penny Stocks : VLVT (was CSMA)

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To: RSH who wrote (11525)7/23/1999 12:06:00 AM
From: IRVINESULLY  Read Replies (3) of 11708
 
RSH....

Did not quite mean that totally for what it was.......I have made some great $$$$ after CSMA......I was just reflecting on how naive I was at the time, and the major $$$$$$$ lost because of it...Just meant that I have learned much more over the past two years....And if you are like me....YOU HAVE LEARNED TO TAKE A PROFIT ON THE POSITIVE RUN......BECAUSE IN ALL REALITY......very few penny stocks, maybe 1% ever get any further..So, yes, I have learned, but I, again, hold no penny stocks looking for "long term"....I take my good profit now and take it to the bank..If it is one of the few penny stocks that succeed, I will be there, just have kept my original investment now safe....I saw CSMA go up 500%, with hypesters and PR's, touting the future of the company....Then, I also saw it go down past where my original investment started....Then saw it get worse.....and finally do a 1/25 reverse split, with each PR stating that this or that did not come to fruition, or there was lawsuite, until NOTHING WA LEFT....All the while IR telling me it's great potential.....Correct, I now hardly ever believe what a penny stock says........buttttt, I have learned to take a great profit while it is on the runnnnn.....Am only stupid once!!!!!! (well, at least I try to do that!!! LOL)

VLVT may in fact surprise us...which is good...but it does not detract from the fact that we were blatently lied to, and totally mislead....And if I am hearing right, I am not the only one who agrees.....Hell, it is fact that CSMA had lawsuits against them (ones that they did not reveal to us)....and from what I am hearing, there is more coming, and that Elrod has the State of Utah after him, along with other things....Sooooooo, as you can seeeeee....this is not just a story of a penny stock struggling to "get there"'..LOL..This is about abuse of the system, fraud and deceit....No, not all penny stocks are involved this way.....And yes, I continue to make a profit on the "other" ones out there...No CD'S for me thanks..Not when I can turn 20-100% in a month or two....just depending.

Take care, and have a good one......sorry if I seem brusque....guess this one is still a thorn in my side.....:>( I say....let all those involved in the dasterdly deed hang!!!! I'll contribute the rope..don't like when I am lied to...hey, what can I say....I tend to be an honest person, and it goes against my grain...especially if I happen to get sucked up into the garbage innocently.
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