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Microcap & Penny Stocks : FOR IDIOTS ONLY????? (all whiner babies please stop by!)
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To: Don Lachot who wrote (8)4/23/1997 11:24:00 PM
From: Charlie Langford   of 25
 
Don,

I was just wandering the other day what had happened to you. You used to light up these boards last spring. Those were the days, easy money in the small caps.
Its gettin tough to make a buck these days in the penny stocks. All the "old" patterns just ain't working in this market. Remember the
"3 Day Herd Plays"??? It seemed everyday there was one going on.

Anyway, heres my story for those who care. Things went to shit for me starting with the "infamous" DACQ. I was high on a hog in June 96 and bought a boatload at .22, and gave up and sold at .08 (those who still hold will be jealous) a few weeks later, that was the single biggest loss of my short life. I was devastated and spent the rest of 96 trying to get back the losses, but they only got deeper. (I'll spare you the bloody list but it includes SEXI and MTCI....OUCH!!)
The only good thing to come of it is I have losses to deduct for a few years to come.

Hubert, I am a self proclaimed idiot in the stock market, the craziest thing is I still sit in front of my computer every day watching the action, I guess I won't be happy until I have a zero balance in my account, what the hell, its only money...right???

Been following your CSIX lately, what the hell happened today?? My guess is one of two things 1) the old "tank it before the run" trick, or 2)serious bad news on the way. I hope its number 1 for your sake. I plan to watch it in the morning.

Charlie
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