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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: LORD ERNIE who wrote (51707)	5/19/2002 9:49:30 AM
From: Clappy	Respond to of 65232

Lord Of The Flies, Impossibel to answer because of the UP an BACK!!! If you asked UP: Most of the BIG ones comes from "pennyland"! How many of the Dow stocks started as Pennystocks? Or better yet, how many of the companies in the S&P 500 came from the OTCBB? You said most of the big ones. You are trying to tell me that 251 or more of these companies started out or spent time in the toilet known as the OTCBB? How about a few names. Hmmm... I don't know about that but let's assume you are right. This must have happened over a period of 80 years or so. During this long period, how many delisted companies have gone bankrupt instead of coming back? I bet it's a big number. So taking that into consideration, it's already a very low probability of finding a penny stock that will make it as big as their promising story of BS claims. Then as an investor, you do not have the ability to easily obtain any financial data to study your penny stock. For the most part, all you have is the dream that was told to you by someone else who was hyping it. Now if that isn't hard enough to find a winner, penny stocks are easily manipulated and extremely volatile. Some make NTAP and BRCD seem like a steady, boring, utility stock. The odds seem high that these stocks would cause more stress than they are worth. Then, just as enough people are lured by the volume of trading (the pump), then the dump happens. The volume suddenly dries up. There is no one around to buy my 3.2 cent stock. No one is interested anymore. The game has moved onto another penny stock. Now it's a new flavor of the month. Meanwhile plenty of believers are left sitting around waiting for their dream to become enticing again. There is no one to sell to. Each day a new lower ask is placed, trying to lure anyone to take the stock off their hands. But there is no one there to buy it. What happened? The stock was just trading like crazy last month? Now it's not. I've got 1,000,000 share that I have to get rid of now. Hmmm... let me see if I can spam some message boards and see if I can unload these worthless shares... PS it's always a pleasure to talk with the Village Idiot ! I may be the village idiot but I'm still not interested in buying any of your penny stocks. I have better uses for my hard earned money. I don't spend $1,000 to $10,000 a year on lottery tickets. Why should I spend that kind of money on penny stocks with similar odds. Now stop targeting us idiots. We don't want to hear about your next big company. We are too smart to fall for that. -TheVillageIdiot