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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (40386)1/7/1999 8:00:00 PM
From: Mr_Merck  Read Replies (2) of 119973
 
My thoughts on Societe Anonyme....

I joined the organization right after the article hit the Wall Street Journal.Full of %^&&6 and vinegar,I thought it was a can't lose proposition.You pay some guy that hand feeds you his stocks and then he hypes them on SI.They go up on the hype.Seemed like taking candy from a baby.
After my 2 months of membership I make the following observations.There ain't no such thing as a free lunch.Joe is obviously a wealthy man.Joe can afford to be in a dozen speculative stocks at any given time.A poor man like me that buys a stock like CAND has to sit on it til it is ripe for harvest.Joe can take his thousands and jump from one to another.The average person cannot do this.Also,those 10:00am strikes.Only someone with a fast net connection can benefit from those.A stock can spike at the blink of an eye and most of us are left buying at the highs.Yes,I realize that Joe says these "strikes" are not for beginners.
In the end,I just want to emphasize that joining SA has been a learning experience,some good and some bad.I hope this post will serve to be insightful and that others will share their experiences...

Not_sosoes
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