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Non-Tech : LCS Golf (LCSG)
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To: Chip Roos who wrote (217)1/9/1999 4:47:00 PM
From: Chip Roos  Read Replies (1) of 626
 
No I'm not shorting....in fact, I'm not sure shares to short are available on penny stocks.
The only reason I even watch LCSG is that I received unsolicited an e-mail extolling the virtues of this great company that is kind of like Callaway Golf, Amazon.Com and even sells magnates to cure all ills.

Admittedly, the stock was at 52 cents at the time and yes, I could have made money had I bought then. In fact, I believe the stock hit $1.50 or so. But like most penny stocks, I believe this will be down to a penny or so in the near future. No sales, not profits.....just alot of hype.

I get a feeling of satisfaction long after being told how stupid I am and how little I know about these types of stocks. In the end, I'll have the money and if history proves correct, there will be many investors bitching about being ripped off. The verbage is usually the same....threats of lawsuits, etc. Nothing ever really happens except a bunch of small investors lose their shirts.

Sad but true.

Chip
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