GLOW - Global Games, Inc. - Great Profit Potential ! Message Board

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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !

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To: Trace who wrote (3284)	6/18/1998 9:13:00 PM
From: hammer	Read Replies (1) of 8879

Trace - This is just my opinion so please don't take this as passing on any advise, I'm no smarter (nor dumber) than anyone here, we all make own own decisions based on our life circumstances and this is just the way I look at pennies. When the price slides down for several days it's easy to question the viability of a penny stock which is why so many day traders jump in and out. Some have hourly attention spans, some a day or two, some a week or two. To day traders the viability of a company means little, the momentum trade is what's important. For myself, I look long term and although the day to day swings are interesting they do not consume me. If I like the fundamentals of the company, if I like the mission of the company, and if the company has a reasonable chance of making their balance sheet/income statement goals then watching the swings of short term traders is not too important. It is frustrating at times to see GLOW rise to .40, then head towards .25 and know that if I had traded with the momentums I could have been $?0,000's ahead already. But - I don't use level two, nor do I have time to watch the ticker all day so I have just come to the conclusion that I will let the day trades be day traders and my focus will be long term without the Rolaids. I don't live a day traders lifestyle so I choose not to be frustrated by missing out on what the day traders can take advantage of. (momentum swings) For me GLOW is a long term hold but with many risks. Several others on the thread feel the same way, several others feel the opposite. I like the stress free feel of not worrying why my Thursday close was at .25, I'm interested in my 1999 close. Best of luck as everyone invests with their own resources, time, and risk levels.

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