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Microcap & Penny Stocks : Saliva Diagnostics (SALV)

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To: rl who wrote (3172)7/23/1999 10:22:00 AM
From: John Lacelle  Read Replies (1) of 3369
 
rl,

The little jumps in price are just the market makers
picking off ignorant investors. I saw this show on
TV recently that was really interesting. They set out
to show how easy people can be duped into buying bogus
securities. Two guys set up this table on a street
corner in New York and started selling shares in the
Brooklyn Bridge. If you can believe it, they had
numerous people actually writing checks and buying
these bogus securities. This was in New York of all
places, where you would think people are a little more
skeptical than most.

The US stock market is in this same bubble. Right now,
most of these IPO internet companies are garbage and will
never make any money. Just like the "RAdio Mania" of
the 1920's when investors went wild for anything to do
with radio, the Internet is providing this bubble. When
she blows, its going to be ugly.

-John
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