Hi, John-
My wife's friend bought DNA last spring at 28. She waited until it went to 45 and sold it. Then she kicked herself each day after that when it went up 4, 5, 8 points. When it went over 100, I thought she was going to have a heart attack. She never wanted to hear the name Diana again, and prayed she would never get a child in her third grade classroom with that name. Needless to say, she was ecstatic when it went below the price she bought it. I kidded her about buying into it again at these "low" prices, and she refused to discuss it. Haven't talked to her since the big run on Friday, but I'll bet she's kicking herself all over again! Such is life on the "STREET!"
Thanks for the tips. The only one I've got for you that's moving is CICG. It's pretty high right now, but being a BB stock with a low float, it's pretty volatile with a big spread. Don't have any late-breaking news. Go to Yahoo quotes and click "NEWS" on the CICG quote for the first and only news on it that I know of. I bought in at 22 - at the end of a 3 to 38 to 22 run. I should have waited a little longer and bought in when it went down to 16. But at least it's now back over what I bought it. I wanted to sell it at 29 and wait until it dropped a little before buying back in, but my wife convinced me to "Wait-it's going to make its run and we're going to miss it." After that it dropped - story of my life!!! But since it a huge tract of land in the Atlanta City limits, it's got to have potential, even if it's long-term. Some savy players are interested in developing it as a waste disposal site. Wayne Heisinga (sp?) has been mentioned as a possible investor. He's got the waste management monopoly in that area, owns the Miami Dolphins, among other sports teams, owned and sold Blockbuster Video; a real busy guy. Anyway, it's an interesting investment.
Also-DVD's are coming sometime soon. Read a real interesting post by MF BEN on the Motely Fool web site about them. They will supposedly replace videos and lasers in the next couple of years. So I bought DISK and NMBS. They, too are long-term holds.
Those are my foolish tips. Stay away from the pennies. Good luck. It's great communicating with you on our private board!
H.I.
-Bill |
