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To: Cliff Daniel who wrote (183)8/2/1998 2:58:00 AM
From: EL KABONG!!!  Read Replies (3) | Respond to of 253
 
Cliff,

You really do have my sympathies for the costly lessons of investing in the pennies. 90% of them (in my opinion) are bad investments. Only 10% or less will go on to become a legitimate small cap stock. Of the 90% that aren't good, upwards of half of those are scams. A scam, in my opinion, is a stock that has little chance of succeeding, the company knows it and yet persists on pursuing its' goals using shareholder dollars rather than venture capital or their own money. And the last category of the bad investments are those that are outright fraud. Whether or not MTEI eventually falls into this category remains to be seen, but my opinion is that you and the other MTEI shareholders have ample grounds for a shareholder lawsuit against the current and former MTEI officers and their representatives. If fraud isn't involved, certainly gross negligence is.

KJC



To: Cliff Daniel who wrote (183)8/2/1998 3:12:00 AM
From: Doug T.  Respond to of 253
 
Cliff,
Thanks for posting your 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: Cliff Daniel who wrote (183)8/3/1998 12:34:00 PM
From: Patricia Meaney  Respond to of 253
 
I wanted to make a point about greed and it's power. Couple that with the fact that profit taking is not a bad idea, imho.

About six months ago I taped a sign just below my monitor that reads "DON'T BE GREEDY". Just below these words I wrote all the ticker symbols that over the past two years I blew because I stayed with them too long. It's a good reminder for me and has helped but I must admit that just two weeks ago I disregarded the sign and guess what ?? - I added another ticker symbol to my list!