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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (3882)11/26/2000 10:58:34 AM
From: ~digs  Read Replies (1) of 48461
 
I've always been partial to the microcaps. Not sure why really. Maybe it's because I can buy bigger lots... so my perception is that I'll make more money. Maybe it's because I like to root for the little guy, or else maybe because the DD is more challenging... and often very interesting. Sometimes I like to trade them because the Time and Sales log is so transparent. Usually the accumulation is quite obvious. I'm not sure... but it's pretty cool when you wake up one day and you're fortunate enough to have the top percentage gainer... knowing that the day before the stock only traded something like 10,000 shares. Makes you feel good.

I'm not going very heavy into any of them now for fear of retail tax selling... and plan to sell most of them when/if they approach resistance. Besides a few signals on the charts, it was the piss poor investor sentiment and the contrarian in me which led to my buying spree last Wednesday. If a stock pops over 30% in one day I'll probably sell it... and if I average down it probably won't be until the end of the year.

I do think there's a possibility that some of these could get awfully cheap towards the end of December. Assuming they are underwater, it would seem most people would hold on to their bigcaps... and sell off the little speculative guys to get their tax break.

Might be an interesting rat crop post x-mas/pre new year...

JMHO

Do me a favor and run NWRE OPI CHY and ENBC. Tell me what you think? Neutral or otherwise??? OPC is back at that 'magic' one dollar level too... API bounced off of it on Friday. Missed EXLN on Wednesday. SKI is seeing some volume.
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