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Microcap & Penny Stocks : INFE ... Infocall another Sleeper

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To: Mr.D who wrote (10230)11/5/1999 3:13:00 PM
From: Jane4IceCream  Read Replies (1) of 10343
 
Most of your trades (if not all) are short term gains...no?

Do you keep a certain portion of your gains in a fund or other account for the tax man and/or do you make estimate payments throughout the year?

I dont think that is the way to respond to people "like Paul M." Paul brings up some very good cautionary points in dealing with penny stocks and the like. Everyone should be entitled to their own opinions and if it werent for the likes of Paul and Little Engine I would have lost a ton of my own money earlier investing in these penny stocks.

Nonetheless, Mr. D if you have sensed I dont care about the penny stocks you have suggested upon me lately it is because I am resigned for the most part in not trading them much any more because you never know when the bottom might drop out (like DGIV) and you end up trapped in the stock...maybe for good. I have made alot more money trading the momentum and tech stocks lately than I ever did with the penny stocks. JNIC and ISLD netted me over $820,000 in actual gains in about a two week period (but I have put away about $200,000 in a mutual fund I use to pay off Uncle Sam).

Best to you, Mr. D.

Jnae
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