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Microcap & Penny Stocks : EDII
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To: kennbill who wrote (221)5/27/1998 8:29:00 PM
From: RCJIII  Read Replies (1) of 2849
 
Where is PREFSTOCK? He promised yesterday to post info he received
which he said spurred him to buy 50K shares. Does anyone know his history? Is he a pump & dumper or is he reliable?

Anyway, I have been accumulating over the past few days and find the MM activities laughable. I believe in this company, and can afford to have my money tied up for a few weeks or months in this stock as we await news.

The problem I find with these types of situations is that the inside scoop always comes too soon. Everyone piles in once the "big news" is spread on a thread like this one. Then everyone waits for the official press release, which often comes but several days later.

The problem with this is that many small newbie investors jump in and are scared into selling by the MM tricks and the prolonged wait.

The other even more pernicious consequence is that the shorts are given a chance to slither out of the noose.

PKGP is a prime example. I own tons of PKGP and totally believe that I will be rewarded in a huge way. Unfortunately, the "big news" we have all been waiting for hasn't yet come and the delay has caused some selling, out of nervousness from MM games, impatience from delay, and the desire to put money to work instead of letting it sit.

Whomever the big bulletin board stock news leakers are out there should remember that the leak should only precede the news by a day or so. This prevents time for short covering & MM games.

Just my opinion

Still Long and Waiting

RCJIII
RCJIII
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