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

To: gdog who wrote (33938)	3/7/2000 12:42:00 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

< money that i left on the table because i flip them so quick> I did a lot of that last year. Then I added up just how much I'd left on the table.........real eye opener. I'm sure you found the same. No more getting bored sitting on the freebies for me, they almost all go again...sooner or later.

To: gdog who wrote (33938)	3/7/2000 9:27:00 AM
From: myturn	Read Replies (2) \| Respond to of 150070

You did good on MOAT to flip it. Now, in a perfect world if we would have all held and not sold, I believe MOAT would not have pulled back as much as it did. I predicted last week was bottom from the trading logs. I was about 5 days off. I anticipated more people would hold. I am sure there are a few who sold as of late last Friday, wishing now they would have held. In the penny arena, patience is key. If you can afford to hold through the dips and average down; nine times out of ten you will be rewarded. I have not sold any shares of MOAT. I was buying all the way down from .40. I used to be one of those who would flip it and look to buy back in. I don't do it any more. Too much stress and way too, too much book keeping. Imagine on a trade that you made $100 on. Nearly $50 goes toward the tax man and expenses. Even if you are first starting out; patience is a key. I have friend I have not seen in 20 years. I sent him a Xmas card telling him what I am doing. He started about a month ago with $5k. I have helped him turn that 5k into over $10k. Guess what, a couple of those stocks, I got him into went down after he bought them. One of them was MDIA and the other was HVST.