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Microcap & Penny Stocks : CLRT

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To: silInv who wrote (83)11/14/1998 8:00:00 AM
From: Ibexx  Read Replies (2) of 382
 
sillnv,

Thanks for your kind words.

Perhaps a few words re. my buy/hold/trade options & small caps strategy are in order.

When investing in small caps, I always had the intention of holding them for the long haul. But, as you know, these companies usually travel a zigzag path before making it to big time, if indeed at all. Thus, investors must be nibble on their feet to deal with situations as they come.

I had three small stocks going into 1998: RMBS, which is on its way to big time; ILOGY which I will continue to hold despite the fact that the stocks has been in the ditches; and CLRT which I took partial profit to cover my initial cost due to the uncertainties facing this company.

In general, for traders of small caps, the first half of the year is a safer period than the latter half due to tax consequences and the highly "transient" nature of the stocks' ownership.

Regards and have a nice weekend,
Ibexx
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