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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: larry hart who wrote (40048)3/29/2000 4:26:00 PM
From: larry hart  Read Replies (1) of 150070
 
Penny Stock Guidelines

1. Invest in knowledge before you invest your money.
2. Never invest more than you can afford to lose.
3. Sell « (or 1/3 or whatever) of your position when the stock doubles.
4. Always use limit orders.
5. Use a low-priced on-line broker.
6. Use a broker that executes trades fast.
7. Watch out for "per-share" charges after 5000 shares.
8. Don't put all of eggs in one basket.
9. Never fall in love with a stock.
10. A good exit point is when you have made a profit.
11. If you believe in a stock, averaging down is a good strategy.
12. If you believe in a stock, averaging up is a good strategy.
13. Patience is a virtue.
14. Don't buy a stock solely on a bulletin board post.
15. Watch out for MOMO plays.
16. Beware of "pump and dumps".
17. Don't quit your day job.
18. Understand the power of a Press Release.
19. Diversify.
20. Penny stocks DO NOT trade after hours.
21. Follow your portfolio with Real Time Quotes - 20-minute delays can kill.
quotes.freerealtime.com and
money.net are two of many that offer
this for free.
22. Place orders using decimals - .68 is cheaper than 11/16 (.6875).
23. High volume makes it easier to place order.
24. Buy on rumor - sell on news.
25. It is possible to lose all of your money in a stock.
26. If you want to keep your friends, don't recommend a stock to them.
27. SEC filings are at edgar-online.com

28. SEC web page is at sec.gov
29. My Due Diligence web page is at hits.net

30. Do your homework.
31. Verify information (fake PRs have been known to exist).
32. Know your source.
33. Long term doesn't mean one week.
34. Call/e-mail the company investor's relations department.
35. Don't take food off the table to buy a penny stock.
36. Likewise, don't invest the kid's college fund.
37. If you don't like risk, invest in a mutual fund.
38. "Big-name" stocks go down too.
39. A stock doesn't go up every day.
40. It is OK to take a profit.
41. Beware of "bashers" - they want your stock cheap.
42. The DOW and the NASDAQ have little, if any, affect on penny stocks.
43. Beware of stocks on the "pink sheets" or have an "E" or "Q" at the end
of their symbol.
44. Not every penny stock will become the next Microsoft or AOL.
45. Buy on the dip.
46. Do the research, and then buy the stock - not the other way around.
47. Don't believe everything you read.
48. Having two on-line brokerage accounts is a good idea.
49. Market orders in a fast moving stock can kill.
50. Don't look back. If you made a profit - be happy.
51. otcbb.com is a good site for
bulletin board stocks.
52. Have fun and happy trading
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