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Pastimes : Georgia Bard's Corner
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To: Ga Bard who wrote (8652)1/22/2000 10:56:00 AM
From: Loren S.  Read Replies (1) of 9440
 
GaBard,

Just out of curiosity I'm wondering why you are choosing to invest in what can be considered more stable stocks above $1.00. I've invested some in these stocks, but the returns aren't near what lower priced pennies can be. I'm sure you are aware as anyone what those stocks can do.

As I've said before, I believe that there is more money to be made in speculative pennies than anywhere else period. The stocks on fire right now that I mentioned in my previous post are up 1,000 to 5,000 percent in a matter of weeks. Personally I have a hard hard time putting money into these junk stocks because I just can't put hard earned money into what I believe are manipulated scam stocks with hundreds of millions of shares outstanding.

But I have no problem putting money into quality penny stocks. A stock you gave me, GOYL, is a perfect example of a quality company trading for cheap. I am extremely confident that I will make very good money in this stock. I don't know when it will run, but someday this stock is going to multiply ten-fold and then some. So I'll just bide my time until it does.

My view is that stocks like GOYL have a lot more upside potential than $1.00 plus stocks in general. Some of those can potentially run to $20 or more, but those are exceptional. So I generally prefer stocks trading below $.50 because of the potential percentage upside.
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