To: Beermeister who wrote (1627 ) 2/14/1998 1:07:00 AM From: Hubert Few Read Replies (1) | Respond to of 6464
In a thoroughly incomprehensible series of contradictory statements, Daryn posted the following: "I think BAAT is an excellent long term investment. I understand the company financials are not good. So what."<snip> Please take a moment and think about that....I understand the financials are not good, so what?????? Then *WHAT* in God's name does one put their faith in to support such a statement????? And then: "THis is a speculative investment. If the daytraders and quick scamsters would stay out maybe BAAT would have an excellent chance." Maybe my collection of confederate currency (fake but good enough to fool me) will one day be worth it's face value. Maybe Cokes will once again be selling for 5 cents. Maybe, maybe, maybe....what a lovely concept we all dwell on. If wishes were horses, beggars could ride. And with startling clarity, the following prognostication: " I see BAAT stabilizing at about 3/4 for quite some time. Still an excellent move for those who bought at .07. HOLD ON!!! " Now, if you read back a ways, I predict the stock to go to 15 cents in fairly short order. Your "guess" is as good as mine...granted. However, and this is a key difference. I am not encouraging anyone to *HOLD* the stock while it spirals back into the crapper. I would suggest that a brief revisitation of the history of trading in this stock, and the corresponding prices *SUPPORTS* my guess. Your estimate in my book is *WAY* too optimistic. If you *REALLY* want to make some change on this one, watch it for the next two weeks....doing nothing. On the third week place a good-til-cancelled buy order at 50% below the *average* *BID* price of the next two weeks. Throw out any prices on volumes above 500,000 or below 100,000. Sounds convincing doesn't it????? Ha! If I were going to tell someone my "secrets" I could make it sound *EVEN* more convincing. If I wanted to put my considerable intellect to the task of sucking in a bunch of rubes, the way penny stock "investors" *BEG* to be sucked in....you had better hope my strong "work ethic" and impeccable moral fiber hold up, cause truly some of the folks browsing this forum are CLUELESS beyond words. If *EVER* a stock justified a stop loss at 10%, this is it. A 10% loss is a hell of alot easier to make up than a 95% loss. Best of luck, and I really hope the force will be with you. No need to berate people because of their choices, we all go through it. Like I said, Dan M. will be here for grief counseling.