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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (8656)	1/22/2000 12:59:00 PM
From: on parole	Read Replies (1) \| Respond to of 9440

I think what you are saying makes a heck of a lot of sense. While the returns are great with the bbs, the deck is stacked against you from the start. Poor fills, no fills, huge spreads, it's all a hassle. I was playing HCCA from .04 and tried to get out at .06. E*Trade filled me at .041 although my quote said .06 at the time. I protested and the response a day or so later was that my quote was wrong as they are typically not exact with bbs. I had tried a limit order but it wouldn't take .06, only fractions. Others you can use cents. It's just very difficult to get good execution of the trades and have someone accountable which is of concern. There are delays getting fills so you don't know whether you are in or out. Maybe the wrong broker? With that said, I still love um. :-) How do you guys track a bunch of stocks for volume so you can get on board the ones that are moving? With the amount of time I spend reading 10Ks, Qs and calling companies you can cover only so many. Some of these traders seem to always find them when they're moving. Look at GNNU. They've retired a bunch of shares from treasury and they have an interesting business model.

To: Ga Bard who wrote (8656)	1/22/2000 2:16:00 PM
From: Sportfish	Read Replies (1) \| Respond to of 9440

I'm with you here... not enough time energy to do the mini-penny stuff any more. Getting out 1 by 1. Will perhaps play at half a buck or more per share, but I like the CBQI's (check out FSTW in Atlanta - Nasdaq) & others that have substance & promise. Even then... less expensive Nasdaq should be better than OTCBB. Almost lost shirt & pants this year except for an 8-week 120% comeback, fueled largely by one stock (guess!). Blessings... SF Going to SoCal for a week, prob. be outta touch. JB

To: Ga Bard who wrote (8656)	1/22/2000 8:34:00 PM
From: Loren S.	Read Replies (1) \| Respond to of 9440

If you play the high volume "junk" pennies as I call them, you have no problem getting in and out because the volume is so exceptional especially if you are smart enough to sell into strength and not weakness. The lower volume stocks present more of a problem getting in and out from, but still I am thinking of returns here. While I personally wasn't in it, those who were fortunate enough to ride a stock like LGOV from $.04 to $3.70 got the greatest returns possible anywhere. Even the best option trader could never ever see a return like that. While that run was very rare even for penny stocks, I have seen a whole lot of stocks make 20 times their value. Personally I have hit DGIV from $.35 to $7.75, TNRG from $.02 to $.27, and USTI from $.06 to $.22. I'm still holding most of my original SYCD shares from an average buy of $.40 and I am hoping for $20 plus on this stock in the next two years. And who knows where my million shares of BAOA are going to take me? (Monday may be a good indicator). Of course I admit to having plenty of loser stocks along the way, but the gains from my winners have made up for my losers by many times. My style is to try to time the bottom of stocks off the radar screens and just wait. It may take months, but in time these stocks usually come off their lows at some point. I load up on tens of thousands, hundreds of thousand, or millions of shares and if they hit, you can't match the returns anywhere. All of you guys are able to pick potential winners. I'll stand by my view that the best returns anywhere in the investment world are buying and selling large quantities of penny stocks.