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To: Robert Graham who wrote (1491)	12/5/1997 2:11:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Bob: I have seen MANY people make millions on penny stocks. Unfortunately none of them were investors....mostly brokers,insiders and promoters.

To: Robert Graham who wrote (1491)	12/5/1997 2:25:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 12617

RG - You raise many good points. The main thing is you need to know yourself, and be willing to risk it all, otherwise you will get puny returns.

To: Robert Graham who wrote (1491)	12/5/1997 2:26:00 PM
From: Don Green	Read Replies (1) \| Respond to of 12617

25 cents to over 15 dollars, they would be a multimillionare. The problem with is, almost no one, unless they are the owner or work for the company and have stock options, Ever hold a stock from bottom to top.. They get greedy and take their profits and move on.. So, such a reflection on a stocks move proves nothing. regards Don

To: Robert Graham who wrote (1491)	12/5/1997 2:53:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12617

What is a penny stock? What is a quality stock? Now y'all are talking "day" trades, right. 8 hours. I simply point out that a stock selling for 2.00 goes up an 1/8 and you get Don's return. yes with spreads you need a little more move. But it is there. Why should earnings even be a concern? you only want price movement. Stocks under $20 will move faster ad further on an average. "What ifs" make the world go around. It makes buy and hold or daytradig look attractive. Back testing is a "what if". you can loose money in any price stock. or any length of trade. most everything we do is based on "what ifs". The problem I see is the lack of a plan or system that would identify The entry and exits on trades, day or otherwise.