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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread
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To: PRATT9999 who wrote (44)1/23/1999 2:01:00 PM
From: Mark[ox5]  Read Replies (1) of 779
 
Ron, cost accounting/finance for a Big 3 supplier (it's michigan ya know, everything ties to autos one way or another) <some days I ask myself why, because I can make more in 1 trade than a whole month of work>

Re: ABOV

Have to be patient on this one.. it isnt included in the "internet inner circle" as of yet.. so it may sit on it's a$$ for a month, or 3 months, and then one day someone is going to say "hey this is a $25 internet stock... closest competitor has 5x its market cap.... hmm!!"

All it takes is one of those daytrading "gurus" that has a flock of sheep to say "I like ABOV" and its a $40 stock overnight. :)

P.S. I see from your profile you do the penny stock thing; been there, done that. To be honest, internet stocks are a lot like penny stocks except that they are more accepted by the general investing community. Why risk sitting in a penny stock anymore if your trying for a 60% gain when you can make that in a NASDAQ internet stock in a few weeks. (or less!)

Trust me, there are about 500 mines out their in penny land... speaking from a guy who almost got wiped out on a few of them.. for every 300% gain you make, you have pretty spectacular losses as well. All on the promise of "we are applying for a NASDAQ listing in 6 months" I think I've only seen 2 penny stocks (in 3 years) ever make the successful move. They are on the OTC market for a reason

Ok I'll get off my soapbox :) Just trying to give ya a friendly hint

Mark

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