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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (474)	11/11/1997 2:06:00 AM
From: flightlessbird	Read Replies (1) \| Respond to of 1574

HG I think your concerns are valid ones. but that is the nature of penny stocks. I think you are looking for a blue chip track record at 30 cents which you won't find. The stock is at .30 and not $5 because so many people, as yourself, find the wait and see position to be preferable. I'm not knocking you either. It is your choice. You've made some profit and now you'll give up some leverage by waiting to see. In exchange for the security of knowing some more information at a future date, you will most likely pay more for reentry. The rest of us that believe your obstacles will be overcome by management are in at this price to maintain the outragesous leverage at these low levels. Let's say the price runs to $3 in a year. And lets say the stock slowly builds and pops to a $1 before you get the news you want to hear. At $3 eventually, we will make 10x our money. You will make 3x. Just a basic investing choice. I challenge you to find a .30 stock that doesn't have incredible unanswered questions. My faith rests in the management here. We've been dealing for some time with the ability to pull a tourney off in 30 days which I agree was questionable, but your questioning their ability to get this ready by March I think is a bit paranoid at this point. You mentioned something about knowing about golf tournaments, but I do believe that we are still WELL within reasonable at this stage. In fact, thankfully we have the breather. I do believe, however, that if you told Damian you didn't believe he could get it done by March, he might have a coronary. LOL Anyway, I hope we see you back in. This is a gamble, make no mistake about it. But I like my odds a whole bunch and the payoff could be sweet enough to REALLY make it worth it. Pennies are where the action is but it is not for the security-minded. Sounds like you've struck a balance and I respect that - you took your speculative profit and you'll reinvest when more appears. I would rather swing for the fences and I think I can do it. take care hg.