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Microcap & Penny Stocks : Suncom (NASDAQ:SNLMF)

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To: Angel D who wrote (222)9/7/1998 4:16:00 PM
From: Just4fun2  Read Replies (1) of 437
 
Angel,

It is difficult to get any real information on any Canadian penny stock. SNLMF is no different. Forget fundies, it's gambling pure and simple. Maybe their a legitimate Co., and maybe their not. I'd have to say all of the promoters are capitalists- in to pump and dump. Nothing wrong with that. Interesting case in point: Dr.Sinclairs purchase was pumped up earlier this year at .15- wonder if HE still holds all of it? Think we'll ever know? Any legitimate U.S. Co. reports buys and sells by executives, not here in the world of pennies though...

Personally, I lost a little on CAM-NET. Then I bought tens of thousands of SNLMF on a hunch at .08. I sold most of my position between .55 and .90 for a 10+ bagger -not so dumb eh (mostly luck)...

I'm not looking to buy back in at this range. In other words, I don't feel the risk/reward ratio is greatly to my favor. If it falls back to the teens I'll nibble. But then, what do I know?

Good luck,

Dave

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