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To: freeus who wrote (2711)10/24/1997 10:24:00 AM
From: Arnie Doolittle  Read Replies (2) | Respond to of 10227
 
Freeus, with 15 grand in your jeans, you can spring for a copy of Forbes. But if you're a real tightwad, go to the library.

As for $2 stocks, they're usually worth what you pay for them. Since they're not marginable, and big boys generally avoid them, it's the small guys and shady brokers who often inhabit that turf. A 50 bagger in two years? You have two chances of success: slim and none.

I realize you're kidding but there are many unfortunate folks in the market today that believe they can find such a stock lying on the sidewalk, waiting to be picked up. As in all things, caveat emptor.

Arnie



To: freeus who wrote (2711)10/24/1997 11:32:00 PM
From: Jolie Renee  Read Replies (3) | Respond to of 10227
 
Free-Us, you wrote: <<Here's what I want. A $2 stock so I can buy 7,500 shares. Then it needs to go up to 100 in about a year or two.>>
May I suggest a turn-around company currently at $1 3/16, on the NYSE, Book value is $1 7/8, it IS marginable (Arnie!), but risky! I have 6K shares myself, been following it since 2/18. There is a thread on SI. Ticker MFN. Good luck. (I can just about guarantee this one won't go from $2 to $100, but the event we're "betting on" is a buy-out)