Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (7076)	5/15/1998 9:34:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 18444

Ouch! And I suspect we are near the bottom for the oil drillers... I'm thinking of buying again. I got out a couple of weeks ago - wish I had told you. I set stops - something I rarely do - and they were all taken-out. Not that you would (or would not have) followed my lead - but we were discussing them, and were in agreement, so I'm sorry I didn't pass-on the fact of the stops triggering. My airline stocks (when I do a 180, I do a 180!) aren't doing so well today either, though - but they were fairly mild in comparison to the oil drillers. They appear to be in the final stage of bottoming. I do sincerely wish you a speedy recovery. I don't like seeing people lose money, and, in fact that's why I'm here. (To help people avoid losing money.) Perhaps, though, your experience (and that of another person here as well) will warn people off from heavily margining, especially when also investing in penny stocks. Penny stocks require a LOT of patience - patience which margin investing can short-circuit. If a margin call would take away your penny stock, you shouldn't be investing in penny stocks, or margining, or both.

To: PartyTime who wrote (7076)	5/16/1998 2:20:00 AM
From: Terry T.	Respond to of 18444

PartyTime, glad you're still on board the Titanic with the rest of us. With your perseverance, you will make money with these pennys, yet. I guess most (for me at least) will not work, but the few good ones we hit will more than make up for the bad ones. You think this is bad, I had some gold mining clients and bought some of their recommended Vancouver, B.C. stock back before 1986 (if that was the year of the big crash). I still feel the pain when I recall the huge headlines about the market crash. The Vancouver exchange could have just as well have closed up shop. Then a Fortune or other major magazine had an article about the stock exchange, and how out of hundreds of potential gold mining companies, only 1 or 2 were actually in production. Talk about adding insult to injury.