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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?


To: Trevor Blake who wrote (2905)11/30/1999 7:40:00 AM
From: Rande Is  Read Replies (3) | Respond to of 4766
 
I don't know HSNS, Trevor. But if it is OTC and has hit 15.5, you have basically won the lottery. OTC stocks hardly ever break out over $10 bucks. . . and they make great short plays generally when they do.

The whole idea of buying an OTC stock is to buy at .10 cents and sell at 1.00. Lately, for whatever reason, people have been paying a dollar for them to begin with. If that is the case, then selling at $10.00 is still the prudent move.

If you were to put a percentage on OTC stocks that actually get re-listed on the Nasdaq, go above $10.00 and stay there for over 6 months. . . . it would look something like this:

0.000000001%

Personally, out of the tens of thousands of OTC stocks I have seen, I've never once seen it happen.

So your hope should be for a takeover, merger or other event that can save it from the OTC curse.

Best wishes and congratulations on your 5 bagger!! You have so many shares free at this point, that you could save a few just to see where it goes. . . if it drops back down under 10 and you sell at 9, so what. . .at least you had a lottery ticket, should it move to 30. . .very uncommon, but it does occur.

Rande Is