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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Jgilbert who wrote (3131)	3/30/1998 1:03:00 PM
From: Raptech	Read Replies (1) \| Respond to of 4736

A few bits from Cramer on The Street that says it better than anyone here has expressed. >>It is a fundamental, misguided belief that if you discover some technology that you think is revolutionary, you can make money on it. I never, ever invest this way. I know that new technologies don't produce enough wins in the stock market to justify the dollars spent betting on them. Sure, somebody might make some money, particularly the earliest guys, but when we look back a year from now we won't find any winners worth investing in. If the technology is fabulous, then it will be copied by other, bigger companies. If the technology isn't fabulous, you will get blown up as surely as if you stepped on a live land mine. Why are these interpretations so important? Because whenever there is a technology or a device or a drug that is difficult to understand, the fraudsters are out in full force explaining to us how big the market is or how wonderful the technology, or the device or the drug is. The promoters are so quick to seize on our inability to tell fact from fiction about science and technology that they can make hay while our ignorance shines. Frankly, I don't need it anymore. I steer so clear of these hyped techs that the promoters can't lay a glove on me. But from my chats I know that the promoters are hammering the investing public with a vicious set of jabs and hooks.<< Amen, Cramer! Rap