Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SYCONET.COM (SYCD) THE NEXT AMAZON? GET IN EARLY. $.31 -- Ignore unavailable to you. Want to Upgrade?

To: MakeMoney who wrote (549)	6/12/1999 9:33:00 PM
From: Aduke	Respond to of 1413

Those may be "random" thoughts, but what you said is very true. If you don't know what you are doing, you can lose a lot of money while others are making a killing. I wish more people would realize that. Have a good evening.

To: MakeMoney who wrote (549)	6/13/1999 12:40:00 AM
From: Loren S.	Read Replies (2) \| Respond to of 1413

MM, I agree with you 100% about your observations. I have a couple observations of my own to make. First I think the penny stock market has been extremely hot since January. A whole lot of stocks have made huge percentage runs and some folks have made a heck of a lot of dough. These kinds of returns, like what has happened on a larger scale with internet and high tech stocks in the larger market, gives people the idea that making big money is easy, and I believe folks get reckless in this type of environment. But those of us who have been doing this a while remember periods of time (especially near tax loss selling season) when pennies are just about the worst kind of investment you can buy. My second observation is that unlike the large cap stocks where there is a lot of information, analysis, etc out there, with pennies there often is only rumor and word of mouth. That's why it is so essential to do your own dd. Over the years I have been more and more selective about the pennies I buy. While I still own some companies that are extremely speculative, most of the stocks I buy these days have a solid product and have revenues coming in. I also prefer stocks that are reporting, although like this one and TSIS, reporting is confirmed to be close. My last observation is that timing buys and sells is essential. For every stock that makes a huge percentage return there are folks who buy low and there are folks who buy high. I try not to chase stocks up, because more often than not, penny stocks that run, often come back to earth and hard. If they are solid like SYCD, I believe there is potential to run and keep running. But it takes an exceptional penny to rise and break free of penny land into the world of the big boys. Again I believe SYCD has the potential to be one of those exceptions. Excuse my blabbing.