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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (22906)7/27/2000 4:19:16 PM
From: Aj-Ruk  Read Replies (2) | Respond to of 25711
 
Ah... words to live by. FDKP, JPEI, SSCP etc

By Jack Burney
Published by OTCNN.com
07/27/2000 10:18 AM CST

Market Maker Manipulation for all its greed-inspired illegality and distastefulness has created an unprecedented opportunity for OTCBB investors. Unscrupulous MMs have brought the price of hundreds of stock far below their current value, not to mention their future potential.

Take your pick, do your homework, and buy stocks that meet your criteria – at the bargain prices that prevail today, and hurry, because this opportunity may not last for long.

Remember, Microsoft once sold for 67 cents a share, so smile when someone says, “I don’t buy penny stocks.”

Just be sure the stocks you buy have valid prospects for growth. The stock of a company with a proven technology that hasn’t yet been marketed or even publicized, for example. One with something the world will need in years to come. One that is well managed and sufficiently financed to carry out its plans and make its dreams – and yours -- come true. Yes, by all means, do your homework.

But when you get a good one, then buy it and hang on. Refuse to be phased by the ups and downs. Quality stocks will ride them out and emerge in growth mode. Even the suppressive touch of the outlaw MM is only temporary. He can’t hang onto his short position forever.

But don’t buy one stock. Buy 10. At these prices, you can afford them. Buy 10, because it only takes one winner to run up from 35 cents to $100, and you can forget the other nine. Did someone say diversify?

The main purpose served by the OTC Bulletin Board is to give fledgling companies a place to hatch and develop and grow strong for the future flight ahead. We don’t currently have an index to guide us, but who needs one. Strong stocks on the exchanges almost always beat the indexes, while the fund managers almost never do.

OTCBB investors are typically individualists who don’t accept the limitations of traditional stock buying systems. They want more and know where to get it.

And now, technology will make it easier to for the lone investor to buy and sell, directly, via an Alternative Trading System. Is now a good time to be in the OTCBB or what?



To: Joe Copia who wrote (22906)7/28/2000 6:31:02 AM
From: Bob Davis  Read Replies (1) | Respond to of 25711
 
Joe,

I am the former Chief Financial Officer of several different public companies who changed career-directions several years ago to become a financial writer. I've had some success at this, as The Napeague Letter was recently named to Forbes Magazine's "Best of the Web" list.

Sometimes I write about stocks that are being "excessively promoted" - and in some cases these stocks are ones that you have recommended to your readers. I have not targeted you in any way.

In fact, I have written about "overvalued stocks on the NYSE, NASDAQ." For an example, please see <http://napeague.com/RS-Pillars%20of%20NASDAQ.html>. Because my E-mail indicated that my readers were becoming bored with this topic, and because the situation began to correct itself, I have cut back on this content.

To the best of my recollection, I have never in my life had any contact with Knight Securities, but, of course, you can believe anything that you wish. Likewise, a group of shorters would have problems working with me, as at any point in time I am generally researching a fairly large number of stocks.

Hopefully, this clears up any questions about my motives. For anyone who is interested in taking a look at The Napeague Letter, a link to it can be found by clicking on the blue "Bob Davis" at the top of this post.

Bob Davis
The Napeague Letter