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Microcap & Penny Stocks : Chester Holdings, Ltd. - CHES -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (179)	7/7/1998 1:45:00 AM
From: Russell Gish	Read Replies (1) \| Respond to of 1174

Anyone who places a market order on a penny stock before the opening bell is playing with fire. You guys, hopefully, realize this is all hype and nobody has anything substantive to offer. Yeah sure there may be some momentum left for a day or two, but when you're trying to float a lead balloon it does no one on this thread any good by hyping the hell out of it. Heck, even Mr.Miller in his evenings e-mail stated as such that there may only be a couple days play in this. If this is being played by the majority of the posters and Mr.Miller's group as a momentum play then that fact should be clearly stated. I'm not trying to be a fly in the ointment, but in the best interests of all involved, newbies, lurkers, group members, sadists, gamblers, sharks, etc I think it only beneficial to make the initiative of this venture a little more clear. I would suggest to all that no matter what your investment/speculation philosophy is that you exercise good judgment and not be perceived by me and others as hypsters. WE ALL KNOW full well that when the hammer falls everyone suffers. Therefore, play the game, but use your head and don't fall into the trap of greed/fear/MM manipulation/hype/falsehood and a laundry list of other emotions/adjectives. IMHO todays action was a typical penny stock momentum play and if the momentum is to have a chance to continue then the price has to be taken up slowly and any dips filled. I see absolutely no reason for a market order to be placed on this stock. Todays action should have shown that. Yeah I like to make money to, but if you guys are gonna run the price thru the roof then I have no option other than to sell. However if you all buy methodically and patiently then the opportunity for a larger return on your position will prevail. I'm not gonna say this a dime stock or even a nickel stock or a 5 bagger or a 15 bagger - what I am gonna say is if you're interested in the quick double then you're probably a winner. If you're interested in one of the aforementioned returns then think about how you personally can achieve that - patience. And if you can be patient along with 100 other guys/gals then maybe just maybe you will reap the rewards of a higher return. Before I conclude let me offer this bit of advice. It's easier to buy then it is to sell. So, don't be in a hurry to buy if the price screams past ya - there are always other trains rolling thru. As far as selling don't let greed overcome you. Sell 1/2 your position when you double and you're then playing with free money. PLAYING... keep that in mind. With CHES and the thousand other pennies, we're playing. I'm done. Good Luck, Russ