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

To: Michelle Aldecoa who wrote (31027)	2/27/2000 10:58:00 AM
From: Eric Fader	Respond to of 150070

Michelle - I don't know why you personalized my comments like that. First of all, I never called anyone or any question "stupid," although I do believe that anyone who buys large amounts of sub-$1.00 OTC-BB stocks without understanding essential concepts like "buy at the ask and sell at the bid" (generally), or the function of market makers, is scarily naive, at best, and in some cases indeed worthy of being called stupid. Since you "started with a modest amount of money for the purpose of learning," you're already out of the category of people I was talking about. You also had a few good, honest little companies in your list. I just looked back at your recent posts and saw you had asked about wide spreads, which is a fairly basic question but not a stupid one (even many "experienced" traders don't seem to get it). Again, fooling around with scams like TTRIF is great for "casino money," but many people other than yourself are going to lose huge chunks of money on shells, shams and scams when the music stops. -Eric EDIT: BTW, "dumb money" was intended only as a fairly obvious play on "smart money."