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Microcap & Penny Stocks : FBCE -- Ignore unavailable to you. Want to Upgrade?

To: Steven Finkel who wrote (187)	2/25/2000 8:42:00 AM
From: gypsees	Read Replies (1) \| Respond to of 365

I agree completely! Most of the ones I've sold because of fear of locking in profits would have made me much richer had I held. Example: EBAY, GSPN and RHAT IPO shares. I sold at an extraordinary price, but had I held, I would be a lot happier now. I also bought NSIL very cheap but when it dropped got afraid that I would loose most of the capital. So I sold it at a loss and now it's way above where I bought originally. But I do have a few I have held for awhile that have helped to show me a good stock will go higher. It's hard sometimes though to keep from selling when the gain is several hundred percent. So I normally hope for a runup where I can sell a small portion of my shares to get my initial investment back, then let the rest run for long term or until something fundamental changes. I don't think this strategy will work with every stock, but I have done pretty well with it. I think that sometime in the future stocks will not run so far so fast. Also worrisome to me is the NASDAQ setting so many highs, I'm worried that a huge correction is coming. Since I've only been investing 1 1/2 years or so, I'm not sure if my fear is valid or if I am worrying about nothing. Every time we get a large sell-off, it's hard to keep from selling - just in case it's the big drop.

To: Steven Finkel who wrote (187)	2/25/2000 11:04:00 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 365

In defense of gamblers.... > the problem, is that no one wants to be an investor anymore. Everyone wants to be a speculator, in on the momentum< Oh, I know what you mean -- and there's serious ideas behind it: - we're in a speculative craze, now, and as Gailbraith says, they always end, and the end always isn't pretty - lots of things are short term now -- attention spans, political speeches (the Gore/Bradley thing was a child's game of barb exchanges, not a debate: Lincoln and Douglas took hours and really debated -- what happened to the culture that demanded that?); - another short term thing is our hellbent drive to use up oil, the production of which is extremely likely to start declining in 25 years... which could lead to a depression, but is good news since the earth is choking on poison as it is from fossil fuels. This would be a really good time for me to hype alternative energy stocks, particularly fuel cells, but I'll leave that to others... But as to the charge, "You're a gambler -- not an investor!". Well, sure. Guilty. But us gamblers have brought a lot of money into the market -- the vast majority of it. And without it, those "investor" profits would not exist either. Think about it. A "rational market" would be a very quiet and slow one. The market has always had a speculative, get rich edge --- it's why it exists, it's why it has a whole adrenalin soaked language. Those trading symbols, zooming by outside of brokers offices are like ducks in a shooting gallery, just a bunch of letters, but if you bag a few you could be rich, really rich. Get it while the getting is good, folks! if FBCE takes off (say, doubles) I'm going sell at least half, and that's if it doubles in year or tomorrow. Keeping it in might benefit me in the long term, but who knows? All predictions of the future are hallucination and arrogance... - Charles