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Microcap & Penny Stocks : Virtualsellers.com(VDOT) -- Ignore unavailable to you. Want to Upgrade?


To: Jose Kranz who wrote (19)12/25/1999 8:28:00 PM
From: Tony Smith  Read Replies (2) | Respond to of 85
 
I never said I was an "expert" and I never claimed to have a crystal ball. If I did, I would have much better things to do than post notes about pathetic, money losing penny stocks. What I DO have is 10 years of investment experience and am a registered representative (since you don't seem too swift, registered rep. means that I am an investment professional and can legally trade for a financial service firm.) In other words, I have the credentials to make my OWN investment decisions based on experience and proven techniques...all of which do not include listening to hot tips from somebody's penny stock daytrading brother-in-law.
As far as stupid comments go...
This is NOT Amazon.com. The only thing they have in common is that they BOTH lose money (which is not a big deal since you can find a few thousand other stocks that do the same). Amazon was NEVER a penny stock and never filed for bankruptcy. VDOT, on the other hand, had (to my knowledge) three different names, several different business structures, and has filed for bankruptcy at least once. The big difference between them and Amazon is they do not have a fraction of the venture capital or support from ANY major brokerage houses. This adds up to a risky investment for people who are so inclined to hit a home run than to actually have a good CONSISTANT return on their portfolio.
Yes, they may have a product that could break out and be a success (TAME being one of them)...I do not have a crystal ball and cannot predict that. If they do, great. Congrats. You can RAH RAH RAH like a little schoolgirl about your stock all you want and count your money. On the contrary, if it does not happen, I wish you luck trying to retrieve your hard earned cash through the class action lawsuits. It's your money and you can invest as you wish...the outcome has no impact on me.

For me, I simply state that I would purchase some LEAPS on quality names if I was in the business of risking my entire investment. The odds of turning a healthy profit are a lot better. But then again...such an investment strategy may be a bit too complicated for you to understand.

Good luck

BTW: I never owned Amazon, and never will, because I do not think it will EVER live up to its potential. It is smarter to buy companies that produce the products that Amazon needs to purchase to fulfill that dream...as long as it is paid with cash (or near cash)and not long term credit.