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Gold/Mining/Energy : JNN-VSE HIT BIG ........21 oz. gold in grab samples
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To: Dav!d who wrote (107)3/25/1997 9:37:00 PM
From: Stox   of 124
 
Hi David. I have never spoken with you before but thought I would add my comments on this promotional stock. I see JNN is comming down fast again after another spike. If any of you are like me then the best lessons in this investment game are learned by actual experiences (and losses). If you check the last time JNN had a big spike it was Late August 1996 (from 0.40's to 0.80 for 1 day).

Please check the chart for yourself.

Well last summer I had some extra Bre-X profits to invest and was looking for day trades of rising stocks to ride the wave. I jumped on JNN after a huge promotional internet blitz by Stockhouse. You guessed it. The hype by Stockhouse was timed perfectly so that most people bought the next morning at 0.65-0.80. I was one of them. I sold a couple of days later at 0.50. I have never returned to Stockhouse again but learned my lesson - Take control of your investment decisions and never act on internet rumours alone unless you are ready to flush your money down the drain.

Next time you get a hot tip passed on from a free internet source ask yourself why would they be giving everyone such great info unless they were helping some other parties promote a stock to dump tons of paper?

I'm not proud of this story but most investors have experienced it in some form or another. My best friend and a very smart investor bought Fairmile (FLA) in early 1996 at over 5.50. He's still waiting.

I hope this helps someone. el

PS - please drop by the Great Canadian Stock Contest. Its free and we have great donated prizes.
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