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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: scoobypax who wrote (49965)6/6/2000 9:14:00 PM
From: ChrisJP  Read Replies (1) of 150070
 
Hi scoobypax,

There are plenty of online resources for beginning investors. Here is one:

individualinvestor.com

Also, your online or traditional broker should have plenty of tutorials on investing. It takes a while to understand how the stock market works. And that's still no guarantee of making money.

The most important things you can learn are: 1) Diversification, 2) Picking the right thing to buy, and 3) When to sell.

We are in a very cut-throat phase of the market. Many tech stocks started today just fine and headed up, but almost exactly at 2pm they dropped like a rock. Just as they rose 50% - 70% in just 5 days, they dropped 10% from their highs today in just 2 hours.

So you can make a lot of money, but you can lose it too. I bought 1000 shares GWRX at $18 this afternoon, convinced it would break through and go higher. It did .... for about 30 minutes. It closed at 15 3/4. I had placed a stop loss sell order so my loss was small, but if I hadn't, I would have been down $2,250 in 2 hours !!! This is the market environment you are entering.

Fortunately, I had been buying and selling GWRX from 10 1/2 up to 18. I just tried to make one trade too many. :-)

Good luck,
Chris
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