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Non-Tech : Under $0.05 stocks

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To: lakers17 who wrote (335)11/28/2003 4:41:05 PM
From: jmhollen   of 696
 
BMKS (..originally a dot.com dependent B2B..) has managed to stay alive, without employing the fluffy PR ploy, while many other companies have simply evaporated. It would be kind of dumb to dump it now IMHO, since the market is warming up.

It looks to me like they were in the middle of something that they didn't want to disclose, hence they blew off the required filing - and they were also switching accountants. Lots of companies have stumbled on and off the Pinks under similar circumstances. I don't consider that a big deal when discussing 0.02 pennystocks.

If you're not going to be a "..TGL MOMO player..", then collecting these issues under these circumstances is a reasonable plan using spare Casino Money. MYIQ sat on its hands at 0.004+/- for a long time, now it's 0.0123. Not a bad gain, with more upside looking forward. BMKS keeps whittling away at its debt without doing any terminally stupid Convertible death-spiral crap; so what's the downside...???

Joe Copia told me that when he buys (..cheap..) he enters a +20% or +25% SELL GTC the minute he gets filled. That way you automatically pick up any Pops or runs on whatever portion you care to go "free-shares" at. You can also do BUYS on that basis in reverse, to create a Channelling Stock for yourself. Whatever works, aye.

As for "..touting..", I think that's BS. We share what we stumble across on a "..best info.." basis ( aka: a group effort on Market Watch ). At that juncture, it's Caveate Emptor time - you don't belong here if you can't afforrd to throw it away and/or you don't know what you're doing. We need to let the Hillary Nuts like "...mmmary..." and "..da TwoothSqueaker.." play Unelected-Wet-Nurses-in-Charge to headstrong newbies who fail to "..read the directions.." or "..hide & watch.." like any good apprentice.

John :-)
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