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


To: Loren S. who wrote (1002)8/10/1999 10:19:00 AM
From: SwampDogg  Read Replies (2) | Respond to of 1413
 
"But I still believe the upside is huge, and you never know when it might take off."

You also never know when you might lose 1/2 of your profits in a few minutes. The only way to make money on pennies is to trade them and take quick profits. Sure this stock might do well from here but you have to play the odds to stay in the game. If you held every penny that you had a double on, you would be one very frustrated and poor speculator.



To: Loren S. who wrote (1002)8/10/1999 10:21:00 AM
From: MakeMoney  Respond to of 1413
 
To EVERYONE!! Yes, of course, i know what the stock price of SYCD is doing this morning. (IOW) going UP!! however - (FWIW) i have absolutely NO intentions at all to sell ANY of my remaining shares of SYCD stock at the present time. i REALLY meant what i said yesterday about waiting to sell any more of my shares until the stock price gets to be - at least - three-dollars ($3.00) per share. take care.



To: Loren S. who wrote (1002)8/10/1999 12:14:00 PM
From: Dave Gore  Respond to of 1413
 
Congrats to all PATIENT SYCD shareholders! Again patience pays off. This was a stock that many held, bought dips on, and just waited for the stock to get discovered by other smart investors.

Daytrading is not making many any money these days, but buying good quality stocks when they are/were cheap is often a good way to go. Certainly less risky thatn buying crappy mo mo stocks that have already run up.

I and others have had much success with this strategy.

SYCD was under 30 cents on several occasions

WLGS ran from 20 cents to $4.00

FTRK ran from 20 cents to $1-3/8

SHAL from $2.25 to $20

TLTG from 1.25 to $16

WINR is very cheap now at $1.00

WWAT is as well at 28 cents

Hopefully if you are losing money daytrading you will either quit the BB market or learn that buying quality stocks on dips when they are cheap like SYCD and the others can really pay off.

Perhaps learn to buy when the stock is really cheap and the thread is quiet or negative. THAT TAKES GUTS, but If you've done your DD, this can pay off. Even though the risk never goes away, by DD-ing companies and having faith that they are executing, you can do really well. I have about 30% of my holdings in the BB and speculative stocks. I can afford to lose all of it. That should be everyones strategy, imo.

I've also learned to serch for bargains in August when BB stocks are often the cheapest of the year.

As always do your OWN DD.