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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)

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To: ztect who wrote (28789)	5/24/1999 7:21:00 AM
From: ztect	Read Replies (1) of 44908

Interesting read....... redherring.com Source: Red Herring Reporter: Peter D. Henig Excerpts.... "...Commitment-phobia on a scale Wall Street has never seen has obliterated the notion of long-term investing, making old-timers like Warren Buffet and Peter Lynch look like hobbling curmudgeons. Buy what you use? Hah. Invest in long-term market opportunities? Not a chance. Investors don't have the patience. A position is held about as long as it takes to shuffle off to the fridge for another cold one. Long-term investors truly committed to their positions have got to have either stomachs of steel to sit through massive moves or the smarts not to play the game. Above all, they've got to have the will power not to be tempted into catching short-timer's disease. The real action in the market is in pushing low-float shares into wild gyrations -- and at the first signs of trouble, the longs pull out, the shorts rush in, and the class-action shareholder lawsuits begin...." "...It's ironic, but Internet-based online investing works to a long-term investor's detriment. Low commissions and fierce competition mean cheap trades but zero commitment; easy access to buying on margin makes every long position that much more fragile. It's a fantastic opportunity when the market's going your way, but it leaves an empty cupboard when investors offload in a hurry..."

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