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 : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (1087)	6/18/1999 1:33:00 AM
From: scouser	Read Replies (1) \| Respond to of 150070

CHS, Jim , I only use the 1 year/ weekly W%, sort of a 30,000 ft view, this is what it looks like from a 747 cruising height. 209.67.221.61 John

To: Jim Bishop who wrote (1087)	6/18/1999 1:35:00 AM
From: SSP	Read Replies (2) \| Respond to of 150070

I like what this guy has to say, By: DiscoDadda Reply To: 1660 by DiscoDadda Friday, 18 Jun 1999 at 12:27 AM EDT Post # of 1649 Strategy Regarding Penny Stocks #1 Do not play a company for a 10% to 100% gain, play for minimum 500% gain this usually requires a degree of patience and several weeks of putting up with MM tricks. #2 I call this stragegy the "shotgun approach". Do not buy one penny stock buy depending on your appetite 5 or 6...logic here is do research find situations (like CHES IMO) that could go up by a huge percentage...They all will not but one or two might...you can lose 100% on anyone of your investments unlikely but true but 1 or two huge winners more than make up for it. For instance: Invest 3,000 into 5 companies 15,000 total Co A: you lose 50% value 1,500 Co B: you lose 50% value 1,500 Co C: you lose 50% value 1,500 Co D: you lose 50% value 1,500 Co E (CHES): you make 1000% value 30,000 Total Value = 36,000 This scenario requires DD and a constant weeding process...I have found that I seldom lose 50% because I do apply technical analysis...however if the "story" is good I will give them some time to "mature" Besides long term investments in various mainstream investments I maintain a small portion of capital employing this strategy. Current penny holdings: CHES (Ground Floor) LOCH (Great Story) CISI (Could Be CUT) ARET (traded this one 6-7 times) GAAY (Hate the symbol but looks strong) SPAZ (Could Be The Standard DVD for PCs) STOCKS I Have Made Money On Recently: HNLY, STRU, IVOC, ARET, AREE (DOG got lucky), HVAR, PABN Stocks I Have lost money on: EUTO, BICO (do not buy this), TTRIF, will lose on CISI. Stocks which I have an opinion: MPTV (do not buy 3,000 in revenue massive loss and float) AREE (Could goto zero) Anyway, I have made more money trading these so called worthless stocks than my "mainsteam type investments" by far. I attribute this to several factors #1...The Internet and sites like RB #2...CPI Alan Greenspan Analysts Etc have no impact, It is simply News, Investors and MMs... Good NITE (Great Stock) All. Disco