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Microcap & Penny Stocks : INNI-I/NET -- Ignore unavailable to you. Want to Upgrade?


To: Trace who wrote (131)6/17/1998 1:23:00 AM
From: Loren S.  Read Replies (1) | Respond to of 1856
 
I'm relatively new to this stock. Have liked what I've seen and have been accumulating. I buy nothing but penny stocks. The longer I'm in pennies, the more I realize how irrationally they trade. The best performing pennies are from from being the best performing companies. Pennies (mostly BB stocks) tend to move when the herd rushes in. You may get a tip from an Internet stock picker. Then the hype begins. Before you know it the stock rockets. More often than not it falls off the cliff once the herd leaves. Instead of chasing these hot stocks, I have tried to buy solid pennies, with a solid businesses going and lots of promise. INNI fits the definition to a tee. But it can be very frustrating holding stocks like these, when the hyped stocks of the BB world are making 2000 %. Still at this point in time I prefer solid stocks to the hyped, empty stocks that often you can use for toilet paper once they've had their day in the sun.