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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?

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To: George A. Roberts who wrote (305)10/5/1997 1:19:00 AM
From: briank   of 341
 
George, thanks for the update. It's what I had expected.
If anything, it's been a learning exeperience. I also will no longer buy stock of a company that has no earnings. Every time a so-called "great opportunity" comes along i think of swmcf. I've been sticking with solid companies with good earnings growth and that has been working out just fine! I also have more than half of my investments in mutual funds and they also have done well.

I guess with swmcf i broke all the rules. I didn't limit my losses,
didn't look hard enough to see what was going on ...etc.

Reading through some of your post, it looks like you've been burned quite badly by this one. I am truely sorry about that and really don't know what else to say. I suspect that in the end nothing that we have done here (in the market) will truely matter and we all have more to be thankfull for. (sounds kind of corny but i believe it)

-briank
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