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


To: Jim Bishop who wrote (29250)2/19/2000 3:20:00 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 150070
 
Jim, <<widows and orphans can get cold called and drawn into scams, but momo's??>> I was exaggerating to simply make a point. Most of the loses are the friends and family of those that don't play this game on a regular basis. There's no way to warn people. Have you ever said anything negative (while true) about a company on a stock thread? The longs will cut your nuts off and you get a title basher. A dream is powerful and that's the problem. The uninformed are the most religious about their investments; would good old uncle Charlie lead them wrong? Momos move, the upward movement adds credibility. People are always willing to pay more at a top, then bottom. There's the pressure to get in or lose out. IMO we should look for stocks that have inherent value and then bring them to full value so they don't have to decline. The multiples for the momo are gained, and the orphans and widows preserve their capital. Maybe we need Golden value thread? <VBG>

BTW, of all the stock threads I follow, I must say that you are one of the most honest and forthright penny player on SI. That's one of the main reasons I follow this thread closely.



To: Jim Bishop who wrote (29250)2/20/2000 12:10:00 AM
From: Investor Clouseau  Respond to of 150070
 
>>>IMO this is gambling, just like casinos, betting on sports or whatever, lotteries etc.<<<

IMO a perfect reason why I prefer OLB stocks over gaming stocks. I can't ever imagine the U.S. government banning the brokerages like may happen with on-line gaming.

:)
IC



To: Jim Bishop who wrote (29250)2/20/2000 12:20:00 AM
From: dkgross  Respond to of 150070
 
"I don't think their concern is as much with people losing $$, as with their own bureaucratic butts, not getting a big enough piece of the action."

I dunno...I just did my taxes :>) They got plenty from me. But I got plenty of free money just for being smart, paying attention, and hitting the SELL button.

dave