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Strategies & Market Trends : Day Trading Rules -- Ignore unavailable to you. Want to Upgrade?

To: cgraham who wrote (27)	11/10/1998 10:38:00 AM
From: Chris O'Keefe	Read Replies (1) \| Respond to of 40

GLCP never did go to $2. I sold at around .29/share, which was close to its high, so I'm happy to report that I did make a profit on that one. News and rumor started to come out that GLCP's product was not at all as close to FTC approval as previously thought. As I studied statements made on the thread, I came to form the conclusion that upper management at the company did not have a lot of integrity. I sold and didn't look back. Weeks later there was a damaging reverse split. Like so many OTC stocks, it turned out to not be the real deal at all. I could name a handful: DGIV, GNNX, DIXS, FAMH, PNLK on and on. Penny stocks have the potential to make you a fortune in a short period of time, but my-oh-my is it difficult to pick the right stock!