New Sky Communications (NSKY) Message Board

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Microcap & Penny Stocks : New Sky Communications (NSKY)

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To: DADEPFAN who wrote (2496)	9/21/1998 11:52:00 AM
From: JimmyT	Read Replies (2) of 2601

OT My philosophy too, but you have to be careful when you spread yourself thin. The commissions make it extremely difficult to turn any kind of profit. I use Waterhouse (admittedly, a poor company with which to trade pennies), but at $12 a trade, If I had your 4000 shares, taking out the $24 in buying and selling commissions, I'd need a rise in price from .02 to .032 (or +60%) just to show a profit. With NSKY, that would seem to be very likely. The commissions are the real killer... Good luck...

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