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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5 -- Ignore unavailable to you. Want to Upgrade?

To: mikev101 who wrote (20093)	4/23/2004 2:09:01 PM
From: GARY P GROBBEL	Respond to of 120405

yes mike

To: mikev101 who wrote (20093)	4/23/2004 2:09:01 PM
From: GARY P GROBBEL	Respond to of 120405

yes mike

To: mikev101 who wrote (20093)	4/23/2004 2:09:01 PM
From: GARY P GROBBEL	Respond to of 120405

yes mike

To: mikev101 who wrote (20093)	4/23/2004 2:34:06 PM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 120405

mike....you need to get comfortable with wild price swings, huge up moves, terrifying downswings, slow price erosion, gradual price improvement, no activity at all, a complete loss of investment, a 10x gainer in a few weeks...and everything in btw...that is what investing in this sector calls for...you have to be ready for any and all of the above...or buy treasuries (GGG).

To: mikev101 who wrote (20093)	4/23/2004 3:00:39 PM
From: Catfish	Read Replies (2) \| Respond to of 120405

Mike, One of the CNBC folks mentioned that making bad decisions in your trading is just as bad as buying a bad stock. Lately, some of the newer posters here do not seem comfortable in the microcap environment. If you are not prepared to deal with the price swings, then you are probably better off elsewhere. We need the volatility to make money here. You could buy a CD or US treasuries, and you would not have to worry about the ups and downs. I make trades every day, and not all of them are winning trades. Yes, I lose money on some trades almost every day. But, I make more than I lose on my winning trades, or else I would not be here. If you elect to stay in the microcap environment...and it can be very profitable...then you must know that not every trade is going to be a winner for you. When a trade is going against you, do not be afraid to exit the stock. There is always another stock, and another day even when you lose.