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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: jones1 who wrote (4313)4/3/1998 4:22:00 PM
From: eric deaver  Read Replies (4) of 34592
 
Listen you bunch of whiners-

I bought TAVA (then TPRO) on TM's recommendation blindly at 7 9/16. I was then in the FRIGGIN' red for 6-8 months. Did I piss and moan - No , I did the intelligent thing and thoroughly researched the company I now owned and decided it was a good company. Then I scrounged together enough dimes and quarters to buy on EVERY SINGLE DIP. I finally averaged down to 6 3/4 with 4 times the shares I started with. TAVA closed around 13 today. NOT A BAD YEAR. Did the SAME FRIGGIN' THING w/ RNTK. Just was a little more aggressive w/ my averaging down. Now I'm up over 100% before any news.

Moral - If you pull the trigger and buy at the high stop whining and do some friggin' DD. If the company sucks (which BTW, few of TM's do) then bail and move on. If the company is sound average down and wait for the move. Also, make your first purchase a small one - don't get greedy - PIGS GET FAT - HOGS GET SLAUGHTERED.

ERIC
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