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Microcap & Penny Stocks : RHOMBIC CORP.(NUKE.Nasdaq BB) Daimler Benz Aerospace JV
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To: REB who wrote (186)4/13/1998 9:18:00 PM
From: CLK  Read Replies (1) of 1364
 
I will answer your question to the best of my ability. I started trading stocks in l968 and in the first year I never lost on a trade and that continued thru l969 but in l970 I seemed to lose every time and that is how I learned the difference between a bull and a bear market. Part of my answer is that you learn by experience. Here is the quote: "IT IS NOT THE SAME TO SPEAK OF BULLS AS TO BE IN THE BULLRING" - Spanish Proverb. If you are not in, you could buy it now on the offer (at market) and learn by being in the ring. Missing this one would be a real shame as these do not come along every day or every year for that matter. Now the next thing is that this is a Nasdaq bulletin board stock..a very risky market and the market makers make their money on the spread. They are not likely to give it to you except on the offer. This is not a market where you have any power..you pay retail..they buy wholesale. So you just pay up and be glad you have it. Retail at .23 was fine now even tho it was bid .19 at the time and that is how it works. I hate that market and only play when the deal is extraordinary as in this case. COATS is the same in Canada. Next controlling your emotions is a huge part of the game and I recommend several books, the one on emotions is called "The Tao Jones Averages" by Goodspeed and it teaches you how to use both the right and left side of your brain. The best book every written on the market is Jesse Livermore's Reminiscences of a Stock Operator written in the l920's (aka Edwin Lefevre). No one should even play this game who has not studied that book. Risk what you can until you are confident that you know the game but you cannot win them all and none of these come with guarantees. Knowing that, very large fortunes can be made if you have enough shares of a stock in the pennies that goes into the multiple dollars and you keep your position. Selling is harder than buying so start with buying and remember to buy low and sell high. .54 where it is now is definitely still low. Also be wary of all you read on these threads and consider that the poster may have an ulterior motive so always do your own due diligence. You are playing for yourself and while some will help you it remains your money and you live with the consequences of your choices. Hope that helps.
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