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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Kurt N who wrote (52751)	10/24/1998 6:19:00 PM
From: Malcolm Thomas	Respond to of 55532

A Hard Lesson This is a true story ! I kid you not. I am on one of those (not SI) stock boards when someone starts hyping some penny stock.(this was in my early days when I was more naive to these things); Anyway I bite. I call my broker and ask how much it would cost to buy 10,000 of them shares. He says I could get 10,000 for $5000 + comission. OK I says.Figured I buy at .50. I put in an order with my broker. I wait a few days and call my broker and he tells me this thing is at .65. I am feeling great about my decision to buy. Next day .75. WoW almighty! Next Day $1.00. I doubled! I am thinking retirement at this point! Next day he says it's going down ...at .90...5 minutes later he says .75...What to do !! What to Do! I wait another 5 minutes! .60...Oh no!! I says sell that damn thing. He calls me back and confirms sell at .50. .50?? Slid real fast. Oh well at least I broke even.Me thinks! Anyways! I get my confirmation in the mail week later to discover I had lost 50% of my investment. Get this! Turns out I bought a Canadian Stock. .50 was the converted US price that I paid. But when I called my broker for updates he was giving me Canadian Quotes because the thing traded on the Vancouver Exchange. So I sold at .50 Canadian. What's that about .05 US. LOL