PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: MoneyMade who wrote (10093)	8/2/1998 1:08:00 AM
From: lakers17	Read Replies (1) of 43774

Cliff................. If your story is for real I find it unbelievable and can't believe how foolish you were. I have taken my lumps in PKGP\USXP but now know much better. You went wrong in many places including: If you can't afford to lose the money, don't invest it. Always diversify, even in pennies. Do not put all your eggs in one basket. Buy a penny at least 20% near the 52 week low, if it is near the high, pass, 90% of them come back down to where they started DON'T BE GREEDY. This is the most important. On a double sell at least half your shares and continue to take profits. Less than 1 out of 20 penny stocks start at under .20 and end up as $5 stocks. Check if a company has real products and at least revenues not just hype Make sure there is not a ton of long term debt, especially convertible debentures which can dilute the stock a be a kiss of death Make sure management has an open door. Unfortunatley most of these pennies have huge share positions resulting in reverse splits, another kiss of death in most cases. FINALLY, BE AWARE OF WHATEVER YOU READ ON THESE BOARDS. THERE ARE MARKET MAKERS, HYPSTERS AND PROMOTERS TRYING TO INFLUENCE YOU ON THESE BOARDS. Trust very few. Do your own DD and don't buy on hype because the penny stock is going up and up. 95% of the time it will come down, down, down and you'll be holding the bag. Remember to buy near the 52 low and you'll minimize your downside risk after you've done your DD. Lakers

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