To: J. C. Dithers who wrote (31910 ) 2/24/2001 12:35:50 PM From: im a survivor Respond to I remember the penny days...too easy to buy 100k shares of something for under .05 and sell for .20...the mm's made it possible, and the wealth created by naz made it possible. I only started gambling with pennies because all of a sudden I was able to...turning $20k into $250k not only gives one confidence, but also gives one some gambling money....of course, now that all that wealth has been wiped out, I dont go near the pennies, and I notice the penny trading thing has kind of dies...as everybody has lost their ass, nobody is gambling on these pennies anymore. I have two friends...both bought two different companies....both otc's and both were POS. However, these guys looked at the chart and a]saw that one stock went from .005 ( half a cent, to $4.50 and was then at .88cents...the other was at .03...wen't to $14.00....back down to $1 when he bought. The first company my frined bought against my advice at .88cents...it now is back to .005, half a cent and some days it trades zero shares...the company doesnt even do anything.....I mean zero buisness model. The other company I also told my friend not to buy...he said from $14 to $1, he was loading the boat because he expected it to at least go back to $5....the company is no longer even trading and has gone under.....another friend bought a company on a hot tip from a well known source at .75...said huge news was coming out...my friend told me I needed to get onboard. I did my dd, saw nothing, told my friend I was passing and he should too... he bought at .75......no news, but over a two week period it hit $1.25...he kept bragging to me telling me news hasnt hit, it's not too late to get in, he was loading the boat at $1.25 cause this baby was going to $5 the day the big news hit. Well, 6 months later, he is still waiting on the news. he bought more at $1.25 as I said and more at .50 and more at .25...kept telling me I was foolish not to buy it so cheaply cause when news hits, it is going to skyrocket.......stock as of friday was trading at .015...one and a half cents.....I asked my friend if he was buying at .05 last week....he said yep!......he is still telling me how foolish I am not to buy now at .015....friday after the close, this particular company shut it's doors.
