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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Janice Shell who wrote (4161)	10/17/1999 8:33:00 AM
From: Arcane Lore	Read Replies (2) of 7056

Chairman of the SEC gives investing tips to amateurs By Tom Kirchofer, Associated Press, 10/16/99 15:47 BOSTON (AP) The chairman of the Securities and Exchange Commission urged investors Saturday to let cool heads prevail when dealing with offers of red-hot investment products. The advice by Arthur Levitt at a conference on personal finance came after a week in which the Dow Jones Industrial Average suffered a 5.9 percent drop amid reports of rising inflation and a warning by the Federal Reserve chairman that the stock market's great rally might abruptly end. Levitt reminded attendees that no investment is without risk. ''Too many investors have unrealistic visions,'' Levitt said, noting that even the most secure-sounding investments entail some risk, and that if a deal sounds too good to be true, it probably is. ...He said last week he saw an investment offer on the Internet guaranteeing a 200 percent return. ''Anyone dumb enough to buy into that kind of investment deserves to lose their money,'' he said. ''The most important lesson I can give you to protect yourself comes down to two words: ask questions.'' ... boston.com Let's see: Thanks to the wonders of compound interest, 2.5% per week works out to 261.1% per year (52 weeks). Mr. Chairman, have we got a deal for you.

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