Joe Copia's daytrades/investments and thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hoffy who wrote (8492)	10/12/1998 5:30:00 PM
From: Lane Hall-Witt	Read Replies (1) of 25711

Thanks for the wise advice. You're right that the penny sector has just been pummeled since the glory days of last spring. It doesn't seem to matter how good or bad the companies are; nearly all of them have just gotten smashed. Nonetheless, I do like to work a few penny stocks -- only using Monopoly money and only when my time horizon is long enough to allow the stock to come into play while I'm in it. I likely won't try to catch the falling knife with FGRX, but I'm very interested in the prospect of buying a company that's selling at such a discount to book. Today's $0.32 closing ask compares nicely with a $2.93/share book value. And if it's going to continue to fall, as I'd agree is likely, then the prospect looks even better. I still have to start my DD on this one, and I figured the financials would be a good place to start, once they come online. Thank you again--.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next