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To: Drugres. who wrote (4453)	10/8/1999 4:09:00 PM
From: walleye	Respond to of 4650

The key is to constantly take profits when you can. That way your temporary profits don't disappear. If I would have held every penny I bought, I'd be down nearly 70%. Selling along the way (hopefully near the high)and perhaps getting back in is the way to go. I've missed several opportunities along the way because I've sold "too soon" but would rather have my modest gains than overall losses waiting for the BIG MOVE. WALLEYE

To: Drugres. who wrote (4453)	10/8/1999 6:00:00 PM
From: SCOOBEY-DO	Respond to of 4650

Trailing stop losses, let the profits ride and cut your losses. I understand that setting up a stop loss is not the way to go. A MM would lower the price long enough to pick up the stop loss shares before moving the stock price higher. What it takes in pennies is nerves of steel and no panic attacks.

To: Drugres. who wrote (4453)	10/9/1999 11:37:00 AM
From: Jim Johnson	Respond to of 4650

David, I would recommend against EVER putting a stop loss on any of these pennies. I personally have seen a stock at $1.50 and watched the MM's drop the bid momentarily (it only takes a second) to 50 cents, gobble up that stock, then return the bid to where it was at previously. Literally, they just stole that persons stock. That was about a year or so ago when BAAT was running wildly. It went from 27 cents to over $3.00 in a few days. I was sitting and watching as it happened and could not believe it was happening, but it did. Personally, I would never put a stop loss on a penny stock. Jim J