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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks
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To: Ga Bard who wrote (5148)3/8/1998 8:21:00 PM
From: Mike Sawyer  Read Replies (3) of 8835
 
Ga Bard...I can understand your loathing of "Hypsters" when you lost so much money by buying and holding what they hyped. But I have to say that a person that has learned from an experience like you have had, can turn the tables and make large gains by "momentum trading" those same hyped stocks.

Let's all face it...out of 100 OTC stocks you will probably only find one single "Real" honest company. And the problem is that the honest one will look like 80% of the crooked ones. Discerning which one is a holder is extremely hard. It usually takes more luck than knowledge. Just because an OTC reports something good does not prove "diddly squat". I've actually been on a live conference call with hundreds of brokers (I am not a broker) and heard the CEO of a company tell us that in two days his company would release the 10Q (small cap, not even OTC) on the "First Profitable Quarter in the History of the Company". And then after the huge buying started...and yes I was one of them...and the hypsters jumped on...and yes, I was one of them...the company put out one of the worst 10Q's ever! With a HUGE LOSS! And the SEC never did crap.

So the name of the game in Stocks of any kind short of Blue Chips (and even some of them), is to buy low and SELL...not HOLD...HIGH! Trade them suckers!

Just an opinion.
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