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Non-Tech : CKKC - Chicken Kitchen Restaurant
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To: JIM W who wrote (24)5/20/1999 10:35:00 AM
From: Toby Zidle  Read Replies (1) of 31
 
Jim, as long as Stratcomm (Money World) seems out of the picture, the stock might trade at its appropriate level. Usually if I invest in a stock in the 'penny' price range, I try to consider it equivalent to an option, i.e., I expect it can go bust and the investment is worth an expired option. That way there's only positive surprises. But set an upside target where you take your profits because nothing is worse than having had a profit in your penny stock before it does go bust.

In the case of CKKC, you ought to try some due diligence on management to make sure they don't have side contracts where they get big money out of a struggling corporation. Check out the 'stockdetective' web site re possible stock scams also. I think there is a link on one of the earlier postings on the CKKC thread.

Good luck!
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