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Strategies & Market Trends : The picks

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To: proud dad who wrote (1559)1/11/1997 6:24:00 PM
From: Trader X   of 6124
 
>> BB stocks, Penny stocks, Pink sheet stocks.

Fools paradise.

Ever wonder why you only read posts from people making "huge gains" in pennies and BB's? Ever wonder who the people were that took huge losses when a stock like KNIC fell from $8 to 6 almost overnight?
Or the ones who bought IMXS at $1.00 when it's now getting .16?

They disappear from forums like this out of shame. Stop buying stocks because they distrust them. You never hear from the failures because they are ashamed to admit their incompetence.

These are stocks that are almost impossible to get info on, or even quotes on the Web on. Not just "real-time", but all quotes.

There is a reason these companies trade on pink sheets and bulletin boards. They make no money. They have no products. The management sucks. Or consist of swindlers. Get rich quick artists. Scammers.
Or they are plain unlucky at what they do. I could name a few.

I still hold a stock that I bought at 1.12, that's now trading at .10
on good days. People, it's your money, so be carefull with it.

Kevin
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