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Strategies & Market Trends : The picks

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To: Andrew Vance who wrote (2308)1/19/1997 3:56:00 PM
From: Sam Armstrong   of 6124
 
Re: CCEE

Andrew,

re: <If you are considering this as a purchase this week or even Monday, could you tell me how you are able to buy and sell without getting totally screwed with commssions which amount to close to 8-10% for a round trip????>

To be perfectly honest with you I've never played a penny stock and one of the reasons is the screwing you get on commissions. I simply want to make a good return. Thought that I may get on the bandwagon with some of you guys that are making good % increases to your portfolio. Mine hasn't grown too much but I've added to my buying power lately and plan on adding more soon. Am trying to get positioned to put a portion into higher risk such as CCEE, OZON, or another penny stock.

I agree with, I think it is Webster, when he replied to Michael the Med student, if you have less than $5000 to invest you are probably better off with a mutual fund or something more secure. I've only got @ $20k buying power at present. Planning to increase to @ $30 soon. With this said, you can see I have to be very cautious if I want this to grow to $100,000 + in '97.

So, what do I do? Currently in PLAT, PRGS and AMD. Looking to take positions in CSGI, INTV, CCEE, KNIC, SOCR or a call option on VLSI.
Waiting for the right opportunity soon.

What advise can you or anybody else out there give me?
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