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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers

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To: PJr who wrote (912)9/5/1998 7:54:00 PM
From: Tom Dickson  Read Replies (2) of 4624
 
Madt,

That is the same thing I see happening next week.

stock-dogs.com

This sounds like they are going to follow WSW and add fuel to this fire, IMHO. It also sounds like newsletter birddogs have smelled news acoming soon to support higher prices, IMHO.

Most BB stocks are news and event driven, both positive and negative. To those willing to due DD, willing to weigh the risk / reward factors, and are willing to buy low but not at the bottom and sell high but not at the top, you can make money. News events tend to drive the price to extremes either high or low. Lack of news usually results in the decay of the price until some base is reached. We are in a up cycle now and IMHO for the next week at least, I told you I bought more at .04 in the last week, that's what I did. The price got too cheap. I believe this move will take us to .10 but could go higher depending on what develops IMHO. Quit giving your shares away for .03-.04. Keep a CORE POSITION and a TRADING POSITION. This company is a potential grand-slam longer term. Shorter term use your growing TRADING position to add to your CORE POSITION. Your goal now should be to INCREASE the # of SHARES you currently own. As the price goes up sell some, when the price goes down buy your shares back plus a few more. If we get a very strong upside thrust next week, be prepared to sell some. You should already preselect a given number of shares to sell at a given price and impliment it. If you don't own any shares now, you still have a good entry point at .06. I own a bunch at .10-.12 and still think I made a good investment to my CORE HOLDINGS. Lets make money next week.

Regards Tom Dickson
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