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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (3660)	10/15/1998 11:00:00 PM
From: Bill on the Hill	Read Replies (2) \| Respond to of 40688

Victor, I remember the first run up also. I bought at just over a dollar and then I would come home from work and gleefully tell the family, I MADE THOUSANDS TODAY AT HOME AND AT WORK HUNDREDS!!! That went on for maybe ten days? Then it started heading down. I would sit and think well it will just stop here and then head back up. I watched as TokyoMex and his bunch, ( please pardon me for even bringing up the name ) helped to push and manipulate the stock. Then I saw the handwriting on the wall because this was not the first BB stock I had seen these characters milk and then throw out. I sold all at just under $6.00 knowing profit ain't so if it is not in your pocket. I knew if it went to $4 I would buy back in. I waited until about $3 bought, then $2 and bought some more and then finally more at $1.50 and have not sold any yet. I am trying to get more money back into my account now because I do believe we have reached the apex also. What concerns me is that the MM's and the Milkers watch and wait. They are like the vultures which circle a carcass. The minute they think someone else will come and take their find they will swoop down and start in again. This company deserves better than that. PNLK and Glenn have done what they said they would do and have created a marketplace for the world. IT WILL WORK. We gave them time and I do believe we are about to be rewarded for holding on. It still may take months but that is just fine. I will still be here. Getting out was not painful because I made a profit. That is better than Band-aids any day. Sell a portion to cover costs and hold the rest long term is my strategy. I am again including one of my favorite posts from the other PNLK thread, post #4737 from LuckyLady about stock strategies. Post #4737 BB stands for bulletin board stocks. They are generally small start up companies which are not yet ready to be listed on the NASDAQ. They are often referred to as "penny stocks" or "microcaps". They represent high risk investing. Their financials are generally not audited and you can't go to the SEC to review normal listed company reports. It is hard to get information. There is a great deal of hyping by many people with various motives. DD is a challenge. That was the point of my post. Don't risk what you can't afford to loose and don't get carried away by the hype. A good strategy in penny stocks is to sell enough to cover your costs as soon as you can and let the rest ride as pure profit. Then take that original investment and selectively put it in another company you believe in and repeat the cycle. You will be building a portfolio with profits--and less stress--that will grow over time. Day trading on ups and downs is very risky! Most people loose. Also it is the investors who support business and make our system great. Day traders often enter a site and try to pump up the price of the stock with hype. Then they sell driving the price down resulting in sales by insecure investors and the cycle repeats itself. Day traders seek the profits of the investors--along with the MMs. This process makes it difficult for the company and its investors to get to the big boards. (To file for the NASDAQ it takes 30/90 days at $4, 300 shareholders, a certain amount of liquid assets, audited financials and a SEC filing,etc. Then the analysts and brokers can evaluate the company and it can take off with positive buy recommendations. Then your DD is easier and the risk is reduced.) The attraction of this form of investing is the # of stocks you can purchase due to the low cost. Buying $50 stocks, it takes a while for you to reach $100 to double your money and you are limited in how many you can buy. With a good company whose stock is $o.50 you can control many shares and potentially triple your money in the short run! I hope this helps...It takes hard work, good instincts and yes some luck! GO PNLK! Lucky Lady Good Luck All. Oh and GO PNLK! PATIENT STILL Bill on the Hill