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Microcap & Penny Stocks : CAML lovers Where are you?

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To: Philip Pasteur who wrote (1066)9/22/1996 12:07:00 PM
From: Jerrel Peters   of 1541
 
I believe that CAML is a poor company long term. But I have recently made a considerable amount of money on it. My method of making profits is to buy stocks in companies that are at or near their all time lows. I did this with camelot; bought at just a bit over $1. In a few days I sold it at $1.75 for a tidy profit.

I have repeatedly done this with many companies. They don't have to have great track records. Just a history of bouncing off of their lows. Another that I have made great increases with is SYQT. I am always a buyer at about $6 and under. After I buy at $6 I average down as it drops below $6. And it has not failed to bounce off of a 5-6 range and hit 6.50-7.00. It is questionable as to whether it will hold up at these levels for long. They seem to be losing the battle to stay afloat.

I say NEVER fall in love with a stock. You will lose every time. It is only a matter of time before any particular company's stock will fall, if they are a small cap or less. Set your profit line and when it passes it, start selling off. Get out before you lose back your profits.

Jerrel
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