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Microcap & Penny Stocks : HGRM--Any Followers?

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To: Leslie Tack who wrote (2101)3/22/1999 10:57:00 AM
From: WallStBum  Read Replies (1) of 3576
 
Leslie (male or female? - could you answer please, I gotta take a six pack of Molson off a friend if I'm right-gggggggg). You know, you make a valid point, and I suspect, none of us have a precise answer - certainly we're not all holding out on you. For my part, I'm probably just a little uncomfortable admitting that I AM CLEARLY investing in a company that doesn't file w/ sec yet, doesn't have audited statements yet, doesn't seem to be shareholder friendly yet - oh but wait-a-minute, there's that darned issue of the rocketing stock price that keeps me smiling. And now of course we've got the Holy Grail of a contract, with all the mysterious, secretive and wonderful aura. But my attraction started long ago, seeing Holographics on The Next Step, a discontinued Learning Channel segment and then a terrific writeup from an also discontinued investment newsletter - so my effective basis after many in's and out's is negligible.

I envision 1 of 2 scenarios: a) all the good stuff, or b) it's a complete sham and I get screwed. Not a lot of middle ground - geez, I need to go back to rooting for PTCH.

And hey, don't be so hard on small/micro caps. 90% of "managed" equity mutual funds screw their investors every year by performing worse than the "unmanaged" S&P500 index - and then they've got the audacity to charge you for their service.(gg)

later

Dax (male - my name's not much clearer-ggg)
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