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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: Steve who wrote (7101)6/9/1999 6:51:00 PM
From: Mr.D  Read Replies (1) | Respond to of 7609
 
Well I have to make this post. I have bought a lot of pennies this year and held for the long run. I paid .046 for 250,000 shares then it went down to .006 per share,then I watched it go to .15+ a share,then down to .063 I sold at .06 today 250,000 shares about 12 pm pt. Sorry to leave this group,but I'm tired of seeing my dollars go down. I will watch this stock,and when they get done playing with it I will come back. I got out with a buck. Well JJJ you are starting to teach me how to play the market. Good Luck to you all.... Mr.D.



To: Steve who wrote (7101)6/9/1999 7:00:00 PM
From: Major Tom  Respond to of 7609
 
Steve I'll admit my thinking does sound silly, but I bought it as a quick total gamble. A very small amount. Such a small amount it isn't really worth selling at the current level and will wait to see if it grows into something simply due to the aggressive way the company is approaching growth. This is a growth penny stock not a undervalued penny stock(if there is such a thing). Although I occasionally buy a stock with no numbers I don't like it. But I do like to gamble. I like others was waiting for that magical .20 everyone was predicting it going to. The morning of the last push I was in a meeting. When I found out the price around .12 I got greedy and hoped it would go back up. It just appears to me that this stock may have went through the typical pump and dump. Then when the pumpers leave many other supposed long holders feel screwed and leave also causing the stock to flounder down and stay down for a while. This is just my opinion from my personal observation. I truly hope I'm wrong.
Major Tom