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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS

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To: Wayne Rumball who wrote (1382)3/5/1999 8:37:00 AM
From: Tom Allinder  Read Replies (2) of 13776
 
To All: Due to the overwhelming number of PMs, emails and a few posts on the thread over the last 16 hours or so, I have decided to continue to post my DD on the thread. I had no idea so many people were paying attention to the DD.

My frustration with stock movement lately can be attributed to the overall market conditions. No one wants to buy and hold a stock for fear (and rightfully so) of the market selling off and being hung in stocks you can't get out of. We all know that the the brokerages advertize that they can handle heavy volume days on the market such as a major selloff or a major rally. We also know this is not true in most cases. If the market tanks, most of us are "stuck".

Just because I post DD on a stock does not necessarily mean that I have already bought the stock or will buy the stock. I did a lot of work on CULE without buying the stock until yesterday afternoon at 1.25. I sold because it moved back to 1.03 on the bid shortly thereafter. This has happened several times over the last several days. I have bought some stocks at the bottom only to see them bury themselves in the mud. Again, this is the market.

I post DD on stocks that I find and that others send to me that look good to me. I will not do DD on a scam stock, high float stocks or stocks that are being talked about all over SI. I also will not do DD on a stock that has had a recent runup in price.

Regards,

Tom
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