Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Rande Is who wrote (3872)	5/31/1998 2:50:00 PM
From: Boob	Read Replies (1) of 25711

I agree with a majority of your list but #7 I strongly disagree with 7. . . Reverse mergers of dormant shell companies. Starting a new company from a failed one is like painting a beat up AMC Pacer. From my experience, these are the BEST finds in the OTC arena...a shell is dormant and dirt cheap then suddenly an existing, and many times high revenue producing, even profitable company takes over the shell...suddenly a dirt cheap stock which was nothing one day suddenly becomes a gold mine the next. The profit potential is just huge. However, there are a LOT of dormant shells out there and probably 95% of them are crap, high debt ridden, and will never have a private company come into the shell so the trick is to find the small percentage with good stock structure (so no reverse split is needed when a company takes over the shell), debt free, and management who is willing to spend the time and money to look for a company to enter the shell. some good examples of the past: RPII, GNNX, AVBC, MIDL, ICVI, etc. etc. etc. Nothing I like better than when a good reputable company enters into a dormant shell. Boob

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