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Microcap & Penny Stocks : International Internet (IINN)
IINN 1.027+6.2%3:59 PM EST
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To: DADEPFAN who wrote (387)1/30/1999 6:01:00 PM
From: Beermeister  Read Replies (3) of 746
 
Stock Detective is a JOKE!! Does that make you feel better? Almost everything they say is negative. They do play a role by helping novice investors learn about investing, but beyond that they assume that every pennystock is a scam if it is not a reporting company or if the company or concept sounds "questionable" according to their standards. They bash newsletters and companies like there is no tomorrow.

Most investors know that the penny stock markets are full of risk, almost like investing in commodities. All investors should know these risks. There is no such thing as safety in any kind of stock investing. I once lost in a New York Stock Exchange company when the stock fell from $10 to .002. If you want guaranteed safety you should put you money in the bank and earn a predictable interest.

One time I heard a rumor that Stock Detective was run by market makers who have an interest in shorting stocks. I don't know whether that is true or not, but it makes you wonder.

I wouldn't waste my time using Stock Detective other than maybe to learn about the listing standards of different exchanges, investment techniques, quotes, etc. Learn to think for yourself. Do your own due diligence. Don't use their negative bias due diligence. If you listen to everything Stock Detective says about companies you may never make any money. Use your own intellect, not theirs.

I rest my case. Does anyone agree?????
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