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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT

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To: Michael Graham who wrote (662)4/19/1999 8:42:00 PM
From: D & G  Read Replies (1) of 1125
 
The problem I see in the investing community is that most people think long term is two weeks and want stocks to go straight up. Doesn't happen. Last year if you all recall, the techs and internets got hammered. I bought EXDS @ 28 watched it go to 45 then plummet down to 17, a retracement of almost 66%. Then lo and behold it went to 190, split and now is down to ~ 70 post split. (didn't check it today). The point is diversify your portfolio, put the stocks in your stock drawer and forget about them for a few years. Unless you are a daytrader the ups and downs are just noise. The techs and internets are going to be the most risky , yet rewarding investments to have. The net is still in it's infancy.....wait 5 years....then we'll see where MXNT is at. Just don't put all your eggs in one basket. DJF
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