Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Lane Hall-Witt who wrote (8491)	10/12/1998 5:10:00 PM
From: hoffy	Read Replies (3) of 25711

FGRX looks like it will fall right back to whence it came from. ANother great pump and dump penny stock. I feel sorry for the people who bought on the run up and now are down 50% or more in a few days. Gotta buy early and get out even quicker. Once these pump and dump stocks break, you have to sell them, even if it for a loss because they are destined for obscurity and a much lower price. In this market penny stocks are almost impossible to make money with. In a great market they can be worthwhile to play because they can run for a few days. In a bad market they usually don't last more than few hours. Look at Joe Copia's recent picks. They all were very good momentum stocks moving up on nice volume and promise. However most are down 10-50% or more very shortly thereafter. These picks were typical penny plays and in a good market they might have run much further. But times are tough and penny stocks always get hit the hardest. Be careful. Penny's are best to play in a bull market and worst to play in a bad market. Right now were are in the latter. Good l

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