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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS) -- Ignore unavailable to you. Want to Upgrade?

To: wlcnyc who wrote (1245)	7/31/1999 11:38:00 AM
From: Jacalyn Deaner	Read Replies (2) \| Respond to of 2118

Toeknee: website programmer analyst for Triangle, hired thru a headhunter mid July. FWIW copied from RB some investment tip worth a read: Investment Thoughts These are not my words...they are the words from my investment advisor. True, he is not talking about Penny Stocks and in fact he does NOT recommend them. I especially like the last paragraph. baboo1@ragingbull.com "Fortunes are made over time. The successful equity investor selects well and thinks like a marathon runner. It's not going to happen quickly. The fool requires instant gratification. Fortunes are built over a lifetime. We can have a bear market that lasts over a year and the value of your portfolio can dwindle, leaving you with half of what you had before the bear took its first bite. That possibility is not devastating as long as you maintain your composure. It's not devastating if you made quality selections. It's merely a moment of woe that does not last. Quality stocks always recover. Being in the market at risk builds character. The ability to withstand occasional selling pressure is vital. AOL is an example of a quality name that is a great bet to sustain its solid story, yet the shares are down roughly 45% off its near-term high of 175. Tough, isn't it? Well, it is a fact that those same shares traded at $17 within the last 52 weeks up over 450%. Don't lose sight of that reality. The issue to consider is whether AOL can recapture its robust display of raw strength when we move out of the summer doldrums into the heart of the buying season? Will AOL experience the kind of buying power that enabled the shares to move at a torrid pace last year? If half the strength of last year happens, then all shareowners will be very happy. Don't underestimate the ability of AOL to deliver a powerful upside move. It's a good time to buy the stock. Don't be scared by the dips in AOL and other good names. A lot of it is just the time of year. This is traditionally the season when money managers tend to book gains. When on vacation, they don't have to be overly concerned about their equity positions because of the cash position that has been built. That cash position is temporary. It will begin to evaporate after Labor Day. It happens every year. There is at this moment a ton of cash on the sideline with more cash entering the gate everyday. This market has been and will continue to be cash driven. Good earnings and low interest rates are part of the equation but the real catalyst behind this awesome bull market has been cash. Cash that can be committed, for a long period of time in a place of risk, is powerful. That is why the prices are so dear. The demand for good stocks has outstripped supply and that trend is not about to end. The bull market is alive and resting. We are in a quiet period. Earning season is over and the future for earnings appears bright. We are eagerly awaiting the next meeting of the Federal Open Market Committee. Bond traders are sweating bullets. The anxiety level is running high. Two economic reports out this week will tell the tale. The national purchasing report on Monday and the July jobs report on Friday. Those reports will cause a reaction. They may also create some confusion. But after a few days, they will be forgotten. In this era anyone with enough patience can amass a fortune. Prudent action with the right attitude is another winning combination that is essential to gain. If you can put all the right combinations together then you will undoubtedly prosper. Have confidence and patience. Live through the dips and buy strong names at weak moments. Stay calm and cool always maintaining an objective and flexible demeanor. Stay invested yet have a cash position at the ready. Focus on the names that have competitive advantage. Don't try to time the market. Just own quality names. They're still profitable--and buyable."