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Microcap & Penny Stocks : VLVT (was CSMA)
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To: TraderGreg who wrote (5037)2/5/1998 3:11:00 PM
From: jan_mike  Read Replies (1) of 11708
 
I've been re-reading some Lynch the last few evenings. One section was talking about the Barron's roundtable guys getting together for a weekend and convincing each other that the world was coming to an end. He says thinking during a weekend is the worst thing we investors do, 'cause that's when we invent boogeymen.

He also convinced me to buy back into CSMA this morning. The company is executing it's plan, the stock is being given away, and everybody is suspicious as hell. If 50 threaders sat in a room together for a weekend, only one would probably emerge.

I've been thinking about the BB world and my lack of patience. We/I tend to buy these guys expecting an instant payback. The nature of these companies and their attempts to establish themselves and grow actually lends itself more toward buying and holding for real gains. I'm trying to spread my small stock money a little thinner across a few more companies, and hold until the stories are proven false or the fundamentals break down. It sounds good, but I get restless after a few months.

Another Lynch/TraderGregorian chant ... if you buy 5 companies, 4 sit there and one becomes a ten bagger, you have a pretty good gain for the portfolio. Ummmmmmm Ummmmmmmm Ummmmmmmmmm
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