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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Glen Abbey who wrote (4323)	4/3/1998 4:25:00 PM
From: Robbie	Respond to of 34592

It sure does, and it takes what it takes to learn. I just get so excited when I see all the $$$$ thats being made here. Robbie in Maine, in the snow ( with no shoes on ) .hahahaha.

To: Glen Abbey who wrote (4323)	4/3/1998 5:08:00 PM
From: DrMedina1	Read Replies (4) \| Respond to of 34592

It seems that many of us who came in March see the same bottom line: 1) You can't win on a pure momentum play unless you have advance notice of it. 2) Alleged value plays are frequently not sound, though a few are excellent. So what do you do? My suggestion: Use the thread as a source of ideas. Come to your own conclusions about the merits of the stocks. Although monitoring the thread is time-consuming, it is less so than monitoring hundreds of sources. How many trades do you really want to do in a month? If you're jumping in and out all the time, bid/asked spreads and even Internet commissions will put at least a 10-20% drag on your results. It's hard to beat that, month after month. If you simply didn't trade at all, you'd be avoiding a net loss of 75% for the year, assuming that everything already in your portfolio went absolutely nowhere. So.... see if you can pick up one or two good ideas per month here. You don't have to buy them when they're put out, or even the day they're put out. Folks should do DD and post important conclusions (not every marginal opinion) back to the thread. If the stock is really any good, it will still be good tomorrow -- maybe better. For my own part, before today I had put myself under a self-imposed gag order not to take public issue with picks, out of respect for those who had already gotten into them. When I had reservations, I expressed them to Joe privately. I regret that decision. I saw most of the losers coming. But because I was blinded by greed and a desire to get somthing for nothing, I played along with the herd psychology. Those days are over, at least for me. I'll take a look at things, take action on a few things that look genuinely worthwhile, and let folks know what I think, if I really think anything at all.