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Microcap & Penny Stocks : OWLD OneWorld Systems
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To: Sea Otter who wrote (1438)6/29/1998 10:18:00 PM
From: Ron Kline  Read Replies (2) of 1648
 
That's kind of what I do also as far as watching dead stocks. I pretty much buy leaders in the market that breakout to new highs but sometimes I try to play a lowball stock like GVIL. I ended up pretty much breaking even by one day (crashed ever since I sold), and I find buying these kinds of issues are much harder to make money on than buying the highs. But I like to watch them to see if there really would be any money to be made. I will not buy OWLD because it's way too low and the risk is too great. If anyone buys it and makes good money then all power to them, they deserve every penny in my opinion. I think it's more likely they will lose all their money based on past history of the management and the way they handled the whole GVIL debacle.
Ron
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