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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: myturn who wrote (22576)	1/27/2000 8:12:00 AM
From: Wayne Rumball	Read Replies (3) \| Respond to of 150070

Yes reality check. About this time last year I mentioned on the WR, LB thread that I was taking out a big chunk of money and paying down the mortgage. A few people thought I was crazy since I'd been making thousand % gains on my money. The reality is that it is simply IMPOSSIBLE for the average investor to manage properly $100K or more. I find it easy to turn 1000% profit on 5 or 10K in a short time, but very hard to get 100K or more to go anywhere. Either you have to be in too many stocks and you can't watch them all or you have to take positions that are too large and to difficult to get out of. So I'm just taking my 5 or 10 to 50, knocking it back down to 10 and running it back up now. This is especially true for OTCBB stocks. You can successfully buy $500 worth of some worthless stock and successfully sell it for 10X your money. Try and buy $5000 and then sell $50,000 is for the most part impossible but not unheard of.