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Pastimes : Why are the OTC-BB stocks dying??
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To: Joe Copia who wrote (73)8/18/1998 12:13:00 AM
From: Jeffrey L. Henken  Read Replies (2) of 115
 
Joe I am a contrarian. I would like to go on record listing you and this thread as a contrarian indicator. The BB stocks are not dead. They have simply been sleeping. Here is a great example:

quote.yahoo.com

No news today, so why did it rise over 30% on high volume?

I guess BAAT is not dead yet. I don't own any BAAT. I don't want any BAAT but I don't like blanket generalities. I watch over a 100 stocks on a daily basis. A good proportion of these stocks are OTC BB stocks. Most BB stocks are little better than investment scams but Joe sometimes you can make plenty of money.

You can do this by short term trading or buying low in a bad market. I will agree with you the OTC BB stocks have been looking sick. If you really think that will last then you can expect to be wrong.

How about PNLK? Also up 30% on a day with no news on over 2 million shares. I guess it's not dead yet either:

quote.yahoo.com

Once again, I don't own any PNLK and I don't want any. I just think you picked the wrong time to make such a broad generality about the OTC BB stocks.

I'll bring more stocks to your attention soon. Maybe you can claim responsibility for the rebound? I suppose that Clinton could do the same. It's refreshing to hear someone admit they made a mistake.

Regards, Jeff
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