Georgia Bard's Corner Message Board

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To: Jane4IceCream who wrote (7914)	11/29/1999 7:17:00 PM
From: lakers17	Read Replies (1) of 9440

Purple Chair... I don't come close to Mr.D money who appears to be very wealthy. I play mutual funds and bigger stocks in my retirement accounts. I only buy pennies near the bottom and I have found that most spike 1-3 times a year. Look at RMGG which I've played twice this year. I rebought at .10 a couple of months ago and it went to .06 a 40% loss. I never sell for a loss(many times I average down) unless a reverse split is coming or possibly at tax selling time to offset gains. Look where RMGG is today. I never get greedy and believe a penny stock is going to the moon(like posters post all the time) so I take profits. How many big board stocks can you get a 2-6 bagger on in less than 3 months? Yes, the tech stocks and Internet stocks have done great(I have some in my retirement accounts) but gains take a lot longer and I read today where out of 1,500 stocks(S&P 500, S&P MidCap 400 and S&P SmallCap 600) 57% are down for the year. I love the leverage I have in pennies buying larger volumes of shares and the quicker movement of the stocks hopefully up because they can go down as fast unlike bigger stocks. I own a lot of pennies to diversify and minimize my risk. This way almost every week one of my pennies will spike in a hot penny market which is hot right now.(spikes in the last month on RMGG, LGOV, AOXY) I hold the others even if they are losing. No, I don't play for the Lakers. Lol And as far as DGIV I hope they resume trading for you if you still own it. Lakers

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