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


To: Patsyw who wrote (64528)9/22/2000 9:37:41 AM
From: justmickey  Respond to of 150070
 
Of course Patsy, after all, a brokers prime directive is to make $$$ for himself and his firm. If he happens to accidentaly make you some money, that's gravy. The basic fact is that all money is made by selling something for more than you bought it. All other forms of income are derivatives of that. The farther one is removed from that source, the more one gets enscrewed. I *was* employed by IBM, who paid me $150,000 and sold me for $350/hr. So I went out on my own as an independant, and took them out of the equation. Now, by trading micro caps, I have taken the brokers out of the equation. Sounds like 2 different things, but actually, they are one and the same. The closer to the source, the more you make.

Mickey



To: Patsyw who wrote (64528)9/22/2000 9:42:16 AM
From: Tom Allinder  Read Replies (1) | Respond to of 150070
 
Exactly... when a stock has been in a strong uptrend, then the analyst comes out with a buy reco. That is precisely the time to SHORT the stock.

This morning: ANALysts are downgrading and telling you to sell, it means cover and look for opportunity to go long.

Lets face it... these big brokerage firms want you buying their stocks. They are boiler rooms on a gargantuan scale that are above the law because of the amount of money they control.

Tom