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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce

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To: Dave Dalry who wrote (1392)3/5/1999 5:18:00 PM
From: Wally  Read Replies (1) of 2994
 
Dave: I agree in spirit with your 3 points about Pennys.
I would only amend 2 of them and in this way:

D: 1. "News is NEVER just around the corner (That includes Big News)"
W: This one I won't mess with - perhaps your word "NEVER" is an overstatement.. but it's close enough -
At the most I'd drop "NEVER" to "never" (LOL)

D: 2. "Acquisitions and buyouts never happen."
W: I'd use the word "rarely." rather than "never."
Acquisitions can happen and occasionally do happen -
I just don't hold my breath waiting for one.

D: 3. "Market Makers rarely shake the tree."
W: Here I wouldn't use the word "rarely" and it's here our opinions differ the most.
IMO, MMs shake it anytime they can make it. If it's too risky or not profitable they stay away. They are certainly a much smaller plague than many people paint them, and I'm sure we agree there. The stock buyer just has to be on the right side of the hill or risk the infinitely predictable avalanche.

Wally
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