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To: MoneyMade who wrote (10093)	8/2/1998 1:02:00 AM
From: Silver Fox	Respond to of 43774

Sorry to say that I was in the same boat. But I am not going to mix apples with oranges. We both lost money there I also sold out at .40 With regard to what happened to MTEI/ICVI one should do the proper DD. I did not do any there either. lesson learned, But with PRWT I feel differently I have done my DD and so have many others. I believe that I am in a good stock now with a sound foundation. No stock is guaranteed to fly. But I feel that the odds here are better than you have posted. What happened there also happens to the big ones. Now I will only invest money that I can afford to loose. I hope that you and I will do better with PRWT. I think we will.

To: MoneyMade who wrote (10093)	8/2/1998 1:08:00 AM
From: lakers17	Read Replies (1) \| Respond to of 43774

Cliff................. If your story is for real I find it unbelievable and can't believe how foolish you were. I have taken my lumps in PKGP\USXP but now know much better. You went wrong in many places including: If you can't afford to lose the money, don't invest it. Always diversify, even in pennies. Do not put all your eggs in one basket. Buy a penny at least 20% near the 52 week low, if it is near the high, pass, 90% of them come back down to where they started DON'T BE GREEDY. This is the most important. On a double sell at least half your shares and continue to take profits. Less than 1 out of 20 penny stocks start at under .20 and end up as $5 stocks. Check if a company has real products and at least revenues not just hype Make sure there is not a ton of long term debt, especially convertible debentures which can dilute the stock a be a kiss of death Make sure management has an open door. Unfortunatley most of these pennies have huge share positions resulting in reverse splits, another kiss of death in most cases. FINALLY, BE AWARE OF WHATEVER YOU READ ON THESE BOARDS. THERE ARE MARKET MAKERS, HYPSTERS AND PROMOTERS TRYING TO INFLUENCE YOU ON THESE BOARDS. Trust very few. Do your own DD and don't buy on hype because the penny stock is going up and up. 95% of the time it will come down, down, down and you'll be holding the bag. Remember to buy near the 52 low and you'll minimize your downside risk after you've done your DD. Lakers

To: MoneyMade who wrote (10093)	8/2/1998 1:10:00 AM
From: Silver Fox	Respond to of 43774

MoneyMade, My references were directed to Cliff Daniel. That was a true story. Thank you for posting it.

To: MoneyMade who wrote (10093)	8/2/1998 1:13:00 AM
From: rockets	Read Replies (1) \| Respond to of 43774

MM..Are you sure I did not write that testimonial? When someone like MTEI fires a company like STAGG ENGINEERING...I understand investor concern. I used to own ICVI and MTEI...same scam..SEC investigation will turn up MTEI overinflated and bilked investors and that money makers were fraudulent in their handling of the spread and price evaluation. Like I have said befor, PRWT has never claimd to have "billions" in untapped reserves. You do realize that all PR's are forward looking? I will tell you this: I know two people at STAGG very well and the MTEI project/site assessment wont be good for investors! Appreciate the nice story....I'm sure that everyone relates to it. Rockets

To: MoneyMade who wrote (10093)	8/2/1998 2:38:00 AM
From: Doug T.	Read Replies (1) \| Respond to of 43774

MM, Thanks for posting the Cliff Daniel story. Many people learned from MTEI. I bought into ICVI when someone posted "we have a 4 dollar stock" then averaged up to .30 then sold @.62 on the way down. WHAT I LEARNED FROM ICVI: 1.)When key players on the thread keep posting to "HOLD"... sell your shares ASAP. Buy a stock only after you are satisfied with your DD. Shareholders will automatically hold onto there shares with a good stock. You don't have to be told. 2.)Purchase Level II - The cost of Level II is nothing compared to a bad buy or sell. A dynamic time and sell chart is worth it's weight in gold for OTC BB's. "XYZ is running" or "we have tons of buying" will show up as real or BS. With realtime.com you can't see this happening. A good example is GLOW last week. Someone was dumping 10,000 share lots all day, even before the good news was out. No wonder the price couldn't hold up.

To: MoneyMade who wrote (10093)	8/2/1998 9:25:00 AM
From: xbrent	Read Replies (2) \| Respond to of 43774

A few thoughts on the story and the responses. I almost never buy in at or near a new high on anything. If I don't get in early, I don't buy. I need to convince myself that there is alot of room on the upside. One other principle is not to turn a profit into a loss. Many traders sell half at the two bagger level and keep the remainder and only sell it if it approaches a loss. I don't do that one, but many people do it routinely. I trade longs and shorts on the NYSE and regular NASDAQ with frequency. I trade pennys because I can't triple in the NYSE or NASDAQ. Just can't do it in a short period of time. Pennys are risky but you have alot more profit potential. In terms of DD, everyone talks about DD. You can do DD on any stock. At the end of the day you are still trusting someone or their information. I have 20 or so people and 15 threads bookmarked. I have come to rely on the DD of others in addition to my own. I read the comments of everyone, the reall challange is to put them in the right perspective. No one is right all the time, no one. We all make mistakes, everyone of us who trade. On some stocks, all the DD, PE ratios, etc. etc. can be just right and the stock goes down. Happens every day. In fact, I have watched the big investment firms recommend stocks and more often than not, they spike with the upgrade and promptly go down a day or two later. Same thing with IPO's. The big investment firms with all their DD price them and who knows what they are really worth. I watch them once in a while, but don't trade them long or short. Some of the time they go to the moon and alot of the time they tank hard. In regard to pennys, once in a while you can take quite a hit. I think that almost everyone who trades knows that. I sold ICVI for a nice profit early. I was out before it hit .50. Did I feel stupid when it blew thru $1?, you bet. The problem is that if you sell early everytime, you miss some awesome runs. I held EDII for the run to .80, did not sell, missed the top, but I did not allow a nice profit to turn into a loss. I was recently shorting a $25 stock on the NASDAQ. I had shorted the stock earlier in the day, twice sucessfully. I was back in the third time. It ran up on me considerably. Dow in decline, NASDAQ going down, techs going down, late in the day, it was a good short. But it was running against me pretty hard. Had to hold my fire and wait for the steam to escape. Twenty minutes later it did calm down and I was able to cover my short. In the midst of the battle I was down almost $5,000, held my fire and escaped with a small loss on that trade. Had I held even longer I would have been able to turn it into a very nice profit, but I had had it and glad to get out alive. Meaning, if you bail when in trouble that has its problems too.