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Microcap & Penny Stocks : SNOW-Sled dogs
SNOW 222.910.0%9:51 AM EST

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To: Gary Vecchiarelli who wrote (604)12/23/1998 3:11:00 PM
From: Jody Ritchie  Read Replies (1) of 641
 
I'm in the exact same boat as you...only I bought when it was still above 1 (1.31 to be exact). This investment has taught me A LOT about what to look for in companies.

Sometimes a product that will work can't save a company with bad management. The perfect example is all the wasted $$ on that infomercial that ran at 2:00am during the week...what a waste!

I too was hoping the price would go up about 54X after the split. Of course, it's only about 10X what it was.

This company sucks. I've thought about averaging down, but then I go back to a rule I made after beginning to get screwed on this stock: I will not put any money into a loser until I see proof they have turned it around.

I have a bad feeling that I'll not ever see that with SNOW.

Oh well, I'll take comfort in knowing I only bought 1,000 shares. It could have been much worse.

Jody
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