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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (16435)	5/10/1998 1:26:00 PM
From: dave brown	Read Replies (1) \| Respond to of 27968

My comments were not directed at BB stocks or FAMH specifically, but rather the mentality of the individual investor. If a stock is at $33.50, you want to buy it at $32.50. If you use spikes, triangles, and cup handles on a chart, you will probably lose. You will never get in at the low and out on the high. I think I need to take a step back because I have started talking about investing and you're talking about gambling (no different than how people pick their lottery numbers).

To: David Sirk who wrote (16435)	5/10/1998 4:08:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 27968

>>95% of all pennystocks go under. If one was to adopt the buy and hold mentality for Pennys most would go broke.<< I don't think you would go broke. Suppose an equal amount ($1000) is speculated in 20 penny stocks and these are the results over 3 years. invest value 10% lose 100% (worthless) $2000 $0 20% lose 75% $4000 $1000 20% lose 50% $4000 $2000 20% lose 25% $4000 $3000 20% break-even $4000 $4000 5% goes up 50% $1000 $1500 5% go up 1600+% $1000 $17000 ------------------------------------------------------ total $20000 $28500 (gain of 42.5% over 3 yrs) As long as you don't mistakenly sell the 1 that goes up 1600+% to soon you will do fine, but maybe that is what you meant that 'most will go broke' since they will sell the one that goes up 1600+% when they are up 200%. Kurt