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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: Trace who wrote (6639)	8/21/1998 12:30:00 PM
From: sneakypete	Read Replies (1) \| Respond to of 8879

"Blue light special in isle 4" I really don't like these prices but you can't look at a gift horse in the mouth (whatever that means) this is a great opportunity for buying. It can't stay at these prices too much longer, I HOPE! JMHO Jim

To: Trace who wrote (6639)	8/21/1998 1:09:00 PM
From: BigRedMan	Read Replies (2) \| Respond to of 8879

Trace, you don't get it, do you. You said... Thanks for clearing things up for me.... Oh, I guess that now it's .14 you are evn happier still. I didn't say I was happy...I intimated from a personal standpoint, I don't give a rodent's derriere! It's like the market today...it's down over $200. I don't give a rats. I'm not selling anything today...or tomorrow. If I had next month's mortgage tied up in it, I'd be a little concerned. If I buy something today with the intent on selling in in two years, I don't care what the price is tomorrow...next month...next year...All I care about is the price on the day I choose to sell. Why the heck is that so difficult to understand? Let me put it to you this way...I'm a contrarian investor. I buy when everyone's selling and I sell when everyone's buying. Many people look at what the market has done the last four weeks and consider it a travesty...I consider it an opportunity! I look at individual stocks the same way! Heck, even TGW agrees with me on this! Every time his stocks go lower, he buys more! Smart, TGW (unless they're dogs to begin with). Lets all hope that it goes to .01 so that it is such a steal that it is larcenous. Actually, the stock WAS at .03 at one time! And if you got in then, you've got a 5x return! Not bad. I guess the market has been wrong all the way down from .60. Let me explain it to you in different terms. I have bought and sold NSCP several times, always for at least a 50% profit in a holding for no more than six months. I have always bought it for about the same price. Guess what...it's because the price yo-yoed. And that's a stock that has far closer to perfect information than GLOW! I know I was wrong in not taking my profits then. Actually, I agree! Selling at .60 would have been smart! That's exactly the point I'm trying to make. I can't argue with a 4x return (selling at .60 and buying at .15). By the way... the way a company is perceived ....is reality. No...what a company becomes is reality! Astute investors recognize market errors in perception of valuations. Let me give you an example: If Company A is projected by analysts to miss its quarterly earnings by 50%, the market will perceive this as bad and react accordingly, driving the price down. If, when the results are announced, they actually double projections, the reality will be, the market drives the price back up. Without getting to existential, what is reality, but the way things are pereceivd. After all if we perceive a stock to be worthless and the price drops...the value of your investment goes down. Fine, we'll go with your definition of reality. Why is it that perceptions of success can be supplanted by perceptions of doom but not vice versa? You bought in at .32. You obviously perceived success. The stock is now at .15 and you (apparently) perceive doom. Did the stock go down because you (and others) perceived doom or do you (and others) perceive doom because the stock went down? And, if it was your perception of doom that caused the drop, why didn't you liquidate prior to the market assimilating this information? If it was the other way around, then I take it you make a habit of buying stocks at their highs and selling at their lows. Please don't tell me that's reality. NOW THAT"S REALITY. I asked you not to tell me that! ;-) GO BIG RED!!!