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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: jlib who wrote (7676)1/31/1999 11:31:00 AM
From: TradeOfTheDay  Read Replies (1) of 122087
 
Jimmy , very well said !

It is amazing that in all these posts , there is one common theme - not that it is a wonderful company - but that it's going to the moon ! it's another KTEL...it's got a small float, it's going to be a short squeeeze , etc.
Everyone knows someone who won the lottery - the penny stock that made it big. So the new investors keep pouring money into the pennies , waiting for " the big one " to hit. sadly , no one ever talks about all the pennies they had that went nowhere or were eventually delisted. I've been getting chafed every time I hear a commentator on CNBS - or the WSJ - talk about how ignorant daytraders are... but guess what ? this shows it to be true. Of course these poor folks will not be dayraders for long... but that's another story.
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