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

To: Tim Luke who wrote (26736)	6/21/1998 3:06:00 PM
From: KZAP	Respond to of 34592

There is at times those who fall prey to the thought that they have been scamed. When in fact, the stock is resting because of little or no news. This happens to all stocks. That is why so many are always searching for 'winners', the undervalued stock. Ok, so you've found a 'winner'. You ride the stock to a double in a few months, weeks or days if you are extremly lucky. (I know you see it happen all the time, but are YOU actually in the stock?) Now, the thread you have been involved in goes from 100 posts a day, to 100 posts a week. The price is slowly dropping everyday. Guess what? While the price was going up, you forgot to sell. Why? Because others said "I'm riding this one to a 100 bagger!" And you figured, Maybe they are right, or half right. But maybe they were selling. Just maybe. Now, is it the companies fault? Maybe, maybe not. Was it a hypster who fooled everyone? Same holds true. Maybe? In all likely hood, IMHO, the company is doing some good things, and someone got wind of it and rumored it out and a bunch of others jumped in all at once. Now, who's fault is it? Is the company at fault? Lots of things to consider. IMHO, a lot of times the company has no idea what happened. I've seen companies put out news releases stating they don't know what's going on with the stock price. I've even seen companies go a step farther and release a news report saying they don't know what's going on except that a group, like "inside investers annon" have recommended the stock in their latest paper. What is moving the stock is that day traders along with the average investor is jumping on the band wagon. That is why, IMHO, there is not always the GREAT need to run out and buy a stock just because "joe blow" picked it as the "stock of the week" and his last pick tripled. Always do the DD. Don't always follow the herd. Set a target price and sell part and hold part or buy back after the rush. I know, so you missed out on a double. Hold on for the next one or just forget it. Don't trash a stock just because YOU made a mistake. YOU are responsible for what you invest in. IMHO follow the recommendations you feel comfortable with. They are just other's picks. They have a reason for picking that particular stock. See if their reasons match yours and if you get the same conclusion from your DD, I say go for it! Happy investing! KZAP