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Microcap & Penny Stocks : American Millenium Corp. Inc. (AMCI)
AMCI 3.150+472.7%Oct 8 3:59 PM EST
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To: Jeffrey Beckman who wrote (309)2/6/2000 12:28:00 PM
From: GARY P GROBBEL   of 341
 
Jeff...just shows you where surprises can come from.....they can come from ANYWHERE. I started writing about this company at .25 or so and most people gave up on it by tax selling time. And frankly by that time we had not seen enought happen corporate wise to hold it. But the potential was always there.

That is why if at all possible I do not sell a company till I get a profit. Chances are excellent that if they do not go bankrupt you will be given an opportunity to exit at a profit somewhere down the line. You just have to be able to wait. A lot of people won't, and some can't due to portfolio pressures that require them to sell at a loss to buy something else. And some people automatically sell when a position goes down 15-20%. I don't agree w/that maxim only because micros can be so volatile...you could be stopped out in the morning and by the close the stock is up and over your buy point.

One of the keys to being successful every year in this business is patience. AND you need to grow your resources to the point where you can let a sleeping dog lie...until it begins to bark again, if only for a short period of time. And you leave with a plus sign next to that trade.

gpg
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