Greenland Corp. (GLCP) Message Board

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Microcap & Penny Stocks : Greenland Corp. (GLCP)

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To: hoffy who wrote (545)	5/3/1998 12:38:00 AM
From: Dave Bissett	Read Replies (4) of 2278

<<There are absolutely a ton of daytraders in on this stock. Let them have their fun and make a few pennies hare and there. The general trend of the stock will be up and the real money makers in this stock will be the long term holders.>> I'm very enthusiastic about this company but I've seen this opinion about the "real money makers" and, frankly, it's naive and dangerous. First, add up the percentages that quick daytraders could have made each day over the past week in this stock and compare that to buying on Monday and holding through Friday. Now multiply that by the number of days/weeks GLCP may see daily ranges like these over the next few months or a year. Even if a percentage of the daily/weekly ranges are traded, the total will be much greater than "holders" will see over the same time frame. As for the dangerous part, while everything looks promising now, let GLCP disappoint along the way and we'll have significant, quick drops that might take a while to be recovered. Holding will potentially reap good rewards, but it's good to stay cautious at every step of the way.....and protect/take profits. Dave

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