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

To: Richard Mazzarella who wrote (29252)	2/19/2000 6:09:00 PM
From: myturn	Respond to of 150070

I agree Richard 100%. On the other end of the spectrum; look at HCCAE, TMMI, TTRIF. All have made me major, major money in the past couple of months. TMMI, the only one that truly has some intrinsic value to it but no true earnings, no true deals to speak of. It ran from .02 to over $2.00 recently. TTRIF, the company never returned my phone calls. I called them 5 times before the big run. I sold out of my entire position, except 10k because the recent PRs. I completely forgot to sell my wife's position out of her IRA account (75K) It looks like it is going to go hire on Tuesday. Why? I don't have a clue. I have yet to go over to RB to see what all the hype is about. I attempted to call them again on Friday and left a message again. HCCAE, I made a lot of money on it. I had 1.5 million shares in it below .02. I gave a lot of that money right back to the MMs this past week. OUCH! HCCAE, who know's; might come back off of the pinks. It is not worth more than a .01 at these levels in contrast to the company's previous track record, but a lot of investors must think so, because it has held up quite well. The old school of investing is the true and tried form of investing. I am a firm believer in that type of investing. I do have a few longs in my portfolio, but those longs are trading well above their book value and I don't see them coming down to earth any time soon. Microsoft is a company that does generate earnings. It too is trading above its NAV. Today's market is not driven by earnings and fundamentals. It is driven by investor sentiment. I truly believe the Economists, analysts need to come up with a new equation. Earnings X OS X Investor Sentiment. That has to be factored into the equation. Online trading has opened up a whole new breed of investors. People want to buy a stock that is going up, up and up. Look at EDIG. In the past we listened to our brokers. Who do we listen to today? In the penny arena, we investors (majority) are true gamblers at heart. We are all betting these companies, one day, will pull it together. Many of us are gambling on these shells that some day a real company is going to move into them. For example, PCES; nothing more than a shell, and we have many investors banking that it will do something one day. Is one condemned for putting his/her money where he/her chooses to do so? The penny arena is not for the faint of heart. It is arena for those who have money literally to lose and are expecting to hit a gold mine. I have hit the gold mine more times than not in the penny arena. I have made more money in the penny arena. Yes, I have been caught on the high end of some pennies. I don't point the finger at anyone but myself for those mistakes. I sold many stocks, (too, too) many that I bought on the high end because I was impatient to sit on them. The only true losers are the ones that sell. I have some shells sitting in my portfolio that are worthless. I wouldn't even use them for toilet paper. I refuse to sell them. Why? Because I know some day down the road the company will do a reverse merger or some day traders will come along and run it up for me. No, I am not saying I am in favor of MOs. I don't play them any more. I don't like to invest blindly into stocks, but with the penny arena; what is @ .02 today could be trading @ $2.00 tomorrow. I am willing to take that risk. What advise can I give to a newbie entering into a penny arena? These are my guidelines I go by. 1. Be patient. The stock you bought too high one day will go back up. Prime example. GZON, two years ago, I bought it on hype, thinking there was something to this company. I found out later there was nothing to it at all. Two years ago, shells were worth mere pennies. I held onto GZON and 6 months later someone else ran it up for me so I could get out and I got out with a profit, because I averaged down in it. Now GZON is worth a lot more today. 2. I do not, do not chase a stock that is up more than 30% for the day unless the buying pressure looks strong. For example; I bought TNRG the other day on the FDA news. I thought it was for sure going to go $2.00. I didn't sell the next day when it tanked. I bought more around .40. 3. Do your own DD. No matter who is posting the info on the threads; please take the time to call the company. Yes, these pennies move extremely fast and you don't have the time to call the company to do your DD. 4. Find companies that everyone else is not buying. Call the company, find out why there is no interest in their stock. Nine times out of ten they will be honest with you. I called a company the other day and the CEO, point blank advised me not to buy his stock because it wasn't worth where it was trading. I will keep it on my watch list. 5. Which NEWBIES should live by. DO NOT, DO NOT USE MONEY THAT YOU CAN NOT AFFORD TO LOSE! NO MATTER WHERE YOU ARE INVESTING IT. May it be the Nasdaq, NYSE, etc.. There are scam companies even on those exchanges. Good Luck!