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To: Jamer who wrote (3140)2/22/1998 1:37:00 PM
From: Barbara Barry  Respond to of 12617
 
Jamey,
I am the wrong person to ask about penny stocks.Been there,done that...no thanks. If you made a profit,great!Don't look back.I have seen some wealthy people lose hundreds of thousands of $$$ and poorer people get wiped out of all their trading money by trying to get rich or richer on penny stocks.If you are just starting trading I suggest you go to a bookstore and get a book or two..I think Traders Press is on the internet and you can check out some titles.Like "trading for a living" or 'market wizards" etc.It is a common flaw that once someone sees a hot profit on these penny stocks that they get hooked.I hope you don't learn the hard way.
Regards,
Barbara



To: Jamer who wrote (3140)2/22/1998 2:31:00 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 12617
 
Some collective wisdom of traders:

"You can never go broke taking profits, no matter how much you leave on the table."

A 150% short term profit is an exceptional gain. You may not get another for a very long time, and will probably go broke it you push too hard trying.