Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (5847)	11/8/2004 3:22:38 PM
From: OldHack	Respond to of 23958

Joe. Understand the thought on only 2 million shares of IPII to be out, but I remember CAMP. About 16 years ago I bought 2,000 shs at .25 based on a tip from a friend who had a tip from a friend who knew the co. There were 1 million shares out and I was among about 1,000 shareholders. Shortly thereafter they sent out a quarterly (on plain paper) saying they didn't have enough money to pay rentals on office equipment and didn't know where their next dollar was coming from. I said screw it I'll just go to zero on this one before I sell it for a dime or less. About a year later I sold 1k for 5.25 and 6 or 7 yrs. ago sold the other k for 69 with no decimal. Near the same time I bought EMC for 5 after I was impressed by their management stating they would take across the board salary cuts until they returned the co. to profitability. Sold half those shs at 13 and sold most of the rest (after several splits) as they came down from 100 in the great correction we suffered thru. Bought some more not too long ago for 5.15. The odds are IPII isn't it, but somewhere out there another CAMP or EMC is lurking. Trouble is you don't just have to find it, but probably have to hold it about 2 years or more to begin to realize what you have. It's chasing rainbows, but it's a fun way to spend some time. I'm hoping the next CAMP is one of several little oil companies I've picked up. If you know what it is don't keep it a secret. Would love to hear about some of your (and the others here) successes. What is hitting the jackpot worth if you can't talk about it? Best of luck, OH