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 : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Major Tom who wrote (6742)	7/29/1998 1:26:00 PM
From: Blitz	Read Replies (1) \| Respond to of 11684

Major Tom Don't sound so down. It is all 50/50 right now, until we know some facts for sure, it is all speculation. When we invest in penny stocks, we go in knowing that we might see 1000%+ gain, or a 100% loss, the upside potential massively outweighs the dowside risk, but it is still a risk, and people who can't afford to lose it all, shouldn't put large amounts into pennies. The reason so many people are sitting here with large losses, is becuase they got caught up in all the excitement, and didn't sell when they had gains of over 500%. This wasn't all attributable to greed, we all thought the BV was around $2.75, and that it was going to $5. I think people assumed that, since it hit $1.75, it had to pop over $2, and so on. All we had to do was sell at $1.75 and wait and see to buy back in, but we all held (except the sharp ones), now I'm not saying we are stupid for holding, but it seems like it was the wrong decision, maybe it was the right decision, hey, you never know. Whether MTEI goes to .05, or $50, we have gotten something here in return for our investment, and that is a good hard lesson. I know I will never listen to anybody on the net again, I no longer believe in the "group" thing. I am now out for #1, me, myself, and I. Now... Tom, go and take your protein pill and put your helmet on!