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

To: Jim Bishop who wrote (33233)	3/4/2000 3:58:00 PM
From: myturn	Read Replies (1) \| Respond to of 150070

True Jim. Yes, some may not recover. We may get in too high and they tank and never recover (CRNC). That is why I diversify as much as possible. Also, I broke one of my own rules on CRNC. Do not, do not chase a stock. Why did I break the rule? CRNC had record volume the day before and it had record volume the day I bought. I did hear an interesting story the other day. Someone owned a large position in one of those Canadian Gold mining companies a few years back. He had like 200,000 shares in the .50 range. He kept averaging down, averaging down and eventually the company went belly up. Before he knew it, he owned over 500,000 shares in worthless stock. Low and behold; the company wound up doing a reverse merger into a internet company. Now the guy is sitting on a couple of million dollars. This story was told to me third party. I am still doing the DD on it to find out which company it was that did the reverse merger. A lot of those mining companies have been doing reverse mergers lately. I am betting on CALVF to be one of the next ones to do it.