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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: MakeMoney who wrote (2908)	9/24/1998 12:41:00 AM
From: lakers17	Read Replies (1) \| Respond to of 7609

MakeMoney...... I am aware of all those stocks you mentioned. Most of us who play the pennies know all the big winners from the past. I just find it funny that so many people claim to have owned most of them. Would you care to tell us about your big losers as well? We all dream of future riches and in the penny game game we have a lot of leverage due to the amount of shares that we can buy rather cheaply. However, the sad truth is that probably 90% of penny stocks are losers especially if people buy at levels on a run up since most pennies come back down. In most cases if you buy a penny stock near it's 52 week low you are minimizing your downside risk and even if you don't make a profit your losses will be less. I would venture that most investors lose on the pennies that is why most brokers, institutions, stock clubs and publications(eg Motly Fool) wont go near them. The game is still very risky and there still remains no need to hype price levels that on the whole except for the few exceptions, will never happen. Those few exceptions sadly is what draws the novice investor in without doing DD or buying at higher price levels.. Lakers

To: MakeMoney who wrote (2908)	9/24/1998 1:22:00 AM
From: chris of nyc	Respond to of 7609

BTW, I applaud u for your "mature" attitude when posting on this thread. I too am long in various positions (micro-mid-lrg cap stocks)as well as a shorter of others. To get "really rich" is not going to happen playing just "pennies". hopefully those that r bashing ARET do have positions in other stocks. I've had my big winners (IDID bt. @ 6 cents sold @ 2.00), and my big losers (BCHPE-where did this co go?!?!?) point is, one can do all the DD til there blue in the face, but luck does have a hand in playing penny stocks. BCHPE