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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?


To: Vision who wrote (2145)7/7/1999 8:37:00 PM
From: KZAP  Respond to of 5041
 
That last part is what I liked about your post.

The Securities and Exchange Commission is now trying
to stamp out such abuses by phasing in a rule that no
Bulletin Board company can be quoted by an NASD
broker-dealer unless the company files audited financial
statements. But the law will not go fully into effect until next
year, and in the meantime the market for fool's gold on the
Bulletin Board just keeps rolling along. As always, one
word of warning should say it all: Beware!


This is good for us penny stock investors!

There are some really good OTC companies. There are a lot
of bad OTC companies. That's why DD is so important.

I personally have been more profitable with OTC stocks
then I have been with larger cap companies listed on the
big boards. (I can post a good list if anyone wants
to see it) BTW, anyone notice SE today? There's a story
behind that one that seems to be a cover up for management
to sell off some stock before it tanked.(JMO) SE lost over
10 points today and ended the day around 26 bucks.

Happy investing!

KZAP



To: Vision who wrote (2145)7/9/1999 6:45:00 AM
From: telephonics  Respond to of 5041
 
A very good example of due diligence. I strongly suggest you send it to the SEC. The real problem,which I've seen time and time again.-The miscreants are barred from the securities business as part of their plea bargain or sentence but it seems the regulatory authorities do not monitor this commitment. I can many such eaxmples. In this scam business once bitten is not twice burned. If it worked once it will work again.