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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: Power of 0 who wrote (4452)	6/28/1998 8:26:00 PM
From: peacelover	Respond to of 4783

Power of O, Thanks! peacelover

To: Power of 0 who wrote (4452)	6/28/1998 11:05:00 PM
From: prudentinvestor	Respond to of 4783

This is the best piece of 'hard' news I've seen all weekend on this thread! Imagine...over 200 posts speculating both whether (and why) ICC no longer represents PKGP, and the possible consequences of that breakup. Also...lots of speculation as to whether tens of millions of shares were issued in connection with paying off the debenture holders. When I invested in this company, I invested (as I do with all BB penny stocks) an amount that I could afford to lose entirely. And if people begin to panic-dump tomorrow morning, I will be there, ready to scoop up cheaper shares. Not revealing my price, though... My suggestion: Watch the opening. If the stock hardly moves, keep watching it. If it tanks right at the opening, and you have additional funds you are willing to totally lose, then buy more. Set a price, though--don't do it on emotion! First 10-15 minutes, maybe first 30 minutes, is when "fear and greed" set in. If you don't wish to buy more, and the stock tanks and then rebounds, then nothing really has happened (except that a few people, not you, bought some cheap stock). Be calm...and do what is best for you. Most of this weekend has been "fear" type of posting. I, for one, will not panic sell this stock under any circumstances! Panic sellers end up selling near the bottom. Sleep well tonite, watch the opening, and be calm about the whole matter. Investing in BB penny stocks is a gamble...but with better odds than winning a lottery! That is why I'm here and not buying lottery tickets. But it's a gamble, nonetheless, and the standard "caveat" is to invest only what you are prepared to totally lose. That is what I did...and I hope that is what you all did. Because, if this is what you all did...then you have nothing to be concerned about!!! Because when you invested in PKGP...you already wrote that investment off from the start (because you were prepared to lose it all, anyway, right?). And...if the Company really succeeds and the stock goes up in price...then you can all look back on all the messages posted this weekend and wonder why you were so nervous when you could have truly been enjoying your weekend doing other things!!! I'm putting in a buy order (with money I'm prepared to totally lose) before the opening tomorrow...just so those of you who panic-dump tomorrow morning will help me average down. The sentiment on this board this weekend has been that of "fear"...and that smells like a buying opportunity to me! And...if I'm wrong...so what! Because I'm prepared to lose my entire investment on this and any other BB penny stock I buy!!! Having that attitude completely eliminates the "fear" aspect of stock trading. :-) Good night, everyone!!!