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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Wayne Rumball who wrote (22556)1/27/2000 9:45:00 AM
From: Catfish  Read Replies (1) of 150070
 
Wayne,
You are very, very correct. Consequently, I almost always sell early. Now about one third in cash with my 5 accounts.

We all have our battle scars from trading these high risk securities. I managed to lose over 100k on one stock. Another stock, DROM, is now worthless. The real tragedy is that I have it in my IRA, so I cannot take a tax loss. Investing (gambling) in these securities is a high risk business, but the real lesson is to put the odds in your favor in order to try and win more often than you lose.
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