GIFS Message Board - Msg: 805203

STOCKTALK

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Microcap & Penny Stocks : GIFS

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To: Gary Price who wrote (2145)	2/11/1997 6:58:00 PM
From: Paul A	of 8012

welp... maybe.. just maybe im an idiot but the only problem I see, and I see it ALOT with 'hot picks' from waako and the superstock folks is alot of day traders buy a pile of shares the morning of the news and then sell for a nice profit in the afternoon. Lets be honest- if intel or microsoft came out with positive news, the SECOND that news hit the wire you would be competing with millions of other investors who would be notified immediately. Nobody is following gifs, jjfn every second waiting for news except for day traders. My biggest mistake to date is getting involved with internet 'picks'. Its just too damn easy for shorters and day traders to rape long term investors . let me clarify this by saying im not blaming waako or jeff bruce etc etc- im saying its the day traders/shorters that are distorting their intentions.- however, the bottom line is- this is the game and it IS fair however unethical it may seem. LONG on gifs- its just going to take a bit longer then expected since the day traders are still busy making a ton off of this one.

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