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Microcap & Penny Stocks : JNNE Jones Naughton: Go Online via Kiosk

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To: Mary Baker who wrote (1354)4/21/1999 11:49:00 PM
From: Tom Dorsey  Read Replies (2) of 4824
 
Reality check folks...

JNNE has been a STELLAR play for anyone involved in the the last three years "IF" you got in the game during their hibernation period. I was in before the C21 deal fell through. I am not a wizard by any stretch (just stubborn). Point being...I was lucky enough to load up, and be on vacation when the run took place. I know I would have traded out at much lower prices if dumb luck was not on my side. The fact is selling anything and everything, but a "core" position during this tremendous run would have been foolish by an investor. My hat is off to everyone who got a five to TWENTY BAGGER on this stock, and stuffed that money in their pockets.

Is there potential going forward? SURE THERE IS, and I still hold 25% of my position. I would love to see the $3.00 price bandied about here. The fact is you cannot fall in love with a stock. If JNNE does not retrace substantially below the average I sold my original shares I will not buy again. I know some will say the "fundamentals" are better now than ever before, BUT I have money in my pocket (PROFITS)... so why give that up?

I am a relative "newbie" in that I have been an aggressive investor for only five years, but I have learned from the school of hard knocks. I have fallen in love with stocks in the past, and rode them to new highs without selling a share... waiting for that meteoric rise to some exponential number. I saw (and held) all the way back down to not only my buy point, but several % points lower! Bottom line... Take profits!!! Especially in he micro-cap arena.

Just one persons opinion! Good luck in your investing.
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