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Microcap & Penny Stocks : DRGI (Diversified Resources Group)
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To: Jim B who wrote (587)7/31/1999 12:34:00 PM
From: myturn   of 818
 
I love dead cat bounces. I make more money playing dead cat bounces than an other form of investing I do.

I played SNRS the other day when it went below $3.00, cashed out @ $5 1/4 on 5 thousand shares. I thought original bottom was at $4.25. I kept buying on the way down. One week.

HMA in $7 11/16, out at $8.50, two weeks.

SBUX in @ $24 3/4, out @ $26.50 two days.

I bought SRV on Friday at the open $ 15 3/16 and still holding. It closed @ $15 7/8

WTAA, big news on the way and some people were expecting it the other day and it didn't happen. I bought @ $1 5/8 on Thursday. It closed @ $1 11/16 on Friday with an ask of $1 13/16. News expected sometime next week and could happen as early as Tuesday. Big News.
WTAA was also recently interviewed by the Wall St. Journal and you could see that hitting the newsstand any day now.

You will do all your self a favor and get back in on Monday cause nothing changed in this story except some investors who over reacted.

If you get in early enough, you may be able to recoup your losses or save your profit you had.

If not, look for the right entry point.

One other tidbit, I guarantee you your buddy who was on the threads the past few days doing his good deed to save you all was buying Friday at the close or looking to cover his short through his Canadian Broker. Just My Opinion, but what do I know.
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