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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (14189)	9/18/1998 12:11:00 AM
From: Fredman	Respond to of 18444

I have NO PROBLEM playing the Pennies. I only require a few things: the usual DD as much as you can get (FWIW), But also: I have to find somebody in the same town that the prospective company is based in, contact said person(s), and see if i can get THEM to visit this company and report back. This is sometimes easy, as here on SI you can 'search' the user profiles based on a lot of things, and City or Location is one of them. I used this tactic recently doing DD on a company called AMGV, based in Colorado Springs. I decided to shy away from them, based on what i heard back from 4 different people AND 2 relatives i have in Colo Springs. OH, and also, don't forget to have a standing GTC SELL LIMIT in at 7% under what you paid for it. If any of these lose 7% of their value, they USUALLY ain't done. This is what saved me here (NETZ). I can stomach a 7% loss, any more than that - shame on ME and i deserve to lose what i did. (IMO - you MUST figure in you WILL lose on a BB/Penny stock - MOST ARE LOSERS - So deal with it up front with the GTC Sell order. Figure it just like buying a NEW car - as soon as you drive it off the lot, it's PROBABLY lost 15% of it's Value. NO DIFFERENT in the BB area.... BUT if you picked a WINNER - you have nothing to worry about and lots to 'Party' about. But always always always have a gtc sell limit order in. always.