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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?


To: jmhollen who wrote (3812)7/16/1999 10:17:00 PM
From: Jim B  Read Replies (1) | Respond to of 5541
 
yep, that's why it's nice to get in towards the bottom and put in what you are willing to risk..

downside from here isn't much and if things do come together and we get more clarification then we can decide whether we want to continue
buying or not..

stocks at these prices are very speculative.. but when they begin to run.. they can also have very large % gains in a very short period of time..

stocks like this can run 1000% in less than 30days... MSFT will never come close to that... though I'm NOT advocating anyone EVER sell a tech or DOW stock to buy into some little penny stock.. was just saying it's the potential to make huge gains overnight that people find compelling in the penny market... but they need to understand the risk as well

good to see you here ; i hope we both do very well accumulating at these levels

jim

ps.. oh and as for $240,000 worth of stock (8million shares of MVEE at .03 if he did get that price) being chump change.. well he has to start somewhere.. and maybe what that would lead one to believe is that he's barely begun to buy this stock... maybe we wants to buy 50million shares.. who knows... whatever is available.. take care