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 : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Charliss who wrote (17412)	7/8/1998 7:30:00 AM
From: RocketMan	Read Replies (1) \| Respond to of 50264

Charliss, thank you for your insightful post. I agree with everything you said, except for what was contained in the message you quoted at the bottom. I think it was RocketMan who said that, but at that time he was too idealistic about the world of investment and human nature. This is what he would say today: 1. Find a highly undervalued company that has good fundamentals but has been artificially brought down by shorters, day traders, MM's, or other negative forces. Such companies should have a small float, no Reg S shares out, and good solid management who believe in their vision and will hold the restricted shares tight. The downside risk of such a company is minimal. The BB world is the natural place to find such companies, but they are needles in a haystack. Once companies get listed, they are followed very closely by the big investement houses, and will probably be overvalued, especially in today's market. Today: Such companies are indeed good investments, but after the initial rise the negative forces will be back stronger than ever with every trick in the trade. So if you invest in such a company, be prepared for a wild ride and make sure you are long, because you will be tested severely not only about the stock but about the goodness of human nature. 2. Do good DD, speak with the CEO, the VP, the PR firm, anyone who can tell us what is going on, why the stock is down, and what plans they have for the future. Today: agree. 3. Check what we find, as thoroughly as possible, by researching the technology, the literature, the press, etc. Today: agree. 4. Make a decision whether or not to invest in this company Today: Agree, and make sure it is YOUR decision, not anyone else's. 5. Share our DD openly and freely, so others may choose to invest if they like what they see. Today: Keep that DD to yourself and to select friends, because the negative forces will try to use everything against you. 6. Try to control a large portion of the float -- say 50 to 70 percent, in strong hands who will not be shaken by MM tactics or fearmongers on these threads. Today: Controlling the float is still a good goal, but not as important as I thought, becasue Market Makers are able to short at will and never cover. And there are never enough strong hands to control that much of the float. 7. Support each other with a lot of love and trust. Today: Agree, but be careful about who you trust. 8. Keep doing DD on a daily basis, sharing our latest info with everyone. Today: See #5 9. Accumulate more on dips. Today: Agree 10. Watch our portfolio grow :-) Today: In the long term, not necessarily in the short term. That's it folks, no secrets about that. We are just using the internet to return POWER TO THE PEOPLE. Today: We are a long way away from the critical mass needed to do that. The revolution has been postponed, and like any good revolution the shock troops have gone underground for the moment. P.S. The above is just my personal take on this, and has not been approved, disapproved, or commented on by any other "rocketeer." That is beacause we are each individuals, not a formal group. Others may have different opinions. Agree, and would add that I have never considered myself a "rocketeer" in any formal way, because there has never been such a formal group. And if one forms, I will not join because I will not join any group that would have me as a member (Woody Allen, from Grouch Marx).