TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (66186)	10/4/2000 5:33:52 PM
From: lakers17	Read Replies (2) of 150070

Jim, even from mid March?... I am down 70% from my March peak and am now down for the year. I thought this was virtually impossible considering my January and February huge gains. I took profits and diversified. With so many positions (at one time 60) I thought I was safe. Wrong. Every stock collapsed. Also my theory of holding my penny stocks as longs has backfired. Almost every position has eroded big time regardless of news releases, deals and projections. In a nut shell I blew it and I thought I knew what I was doing and had a handle on this. The correct action would have been to sell all longs and play for 20-60% on all trades. But to quite one of my favorite expressions, "who knew?" I can do nothing now but hold and wait and hope for a run. I will also have to sell off stocks big time by next April to pay off my capital gains taxes I have from earlier in the year as well as sell off some losers in the next couple of months to get this tax down. Lakers

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