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Microcap & Penny Stocks : FUDDLE'S "hold 'em til' they pop" PORTFOLIO

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To: David Michaud who wrote (12)9/18/1999 9:55:00 PM
From: SwampDogg  Read Replies (1) of 96
 
Weekend Update Sept 18/99

The response to this thread is about what I expected. This is not exciting trading but I believe that the value of this type of investing will be proven as time goes by.
The stocks in the portfolio are trading as expected and hopefully there will be opportunities to increase positions in each of them over the coming weeks.
1 new stock was added this week. I am sure that most of you are familiar with it.

BIT-A
Close $2.80 (bought 1k this week at $2.94)
52 Week: $6.40-$0.455
Shares issued: 9.5 million
It is rare to find an internet content company making money but this is one of them. They just released great numbers and continue to grow at an amazing rate. IMO,TSE and Nasdaq listings are just a matter of time. There is a diversification question for the future and as the company addresses this problem earnings might suffer in the short term. Very thinly traded which could offer some great opportunities.

Portfolio:

2000 APQ 4.8
6500 JDX 4.6
3000 SUF 9.0
2000 WSP 5.8
1000 BIT 2.8 (cost 2.9 pts.)
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Subtotal 27.0
Unused 72.0
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Total 99.0 (started at 100.0 Sept 11/99)
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