Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AMEN Looks Pretty Good -- Ignore unavailable to you. Want to Upgrade?

To: lazarre who wrote (337)	12/7/1998 12:14:00 AM
From: Joe Casey	Read Replies (1) \| Respond to of 627

I believe that AMEN will outperform from this level within the next 12 months. Alot of the volatility should be removed now that the new margin levels for I-stocks has been factored in. Btw, anyone on this thread follow Bluefly.com? Another company with great potential with a market cap under $40 mill. Check it out at: Subject 23660

To: lazarre who wrote (337)	12/7/1998 12:29:00 AM
From: SandyB	Read Replies (1) \| Respond to of 627

Thank you for your comments. I am one of those fools at 23 5/8. I only wish others would have your compassion and understanding when "Fools" like me make a mistake (at the moment). We have all made a bad trade at one time or the other, but to have it rubbed in our faces is not only uncalled for, is shows a distinct lack of character. Again, thanks for standing up for those like me.

To: lazarre who wrote (337)	12/8/1998 12:01:00 AM
From: Turs	Read Replies (1) \| Respond to of 627

Lazarre- Appreciate your comments. For one, if you check my posts, I DID let people know my plans to dump on Monday morning BEFORE Monday even came. So, plenty had the opportunity to follow me. Secondly, I won't argue against the fact that 1)the greater fool game can go on for an awful long time or 2) at what level the greatest fool is found. However, when stocks move up 5-10 fold in a week, it has clearly become just that: a game. There is no investing going on and to a large extent, those buying these names are doing so in order to either scalp a profit (selling to a greater fool than they) or buying without the analysis necessary to justify an investment. 5-10 fold in a week is just not normal and anyone BUYING into that should recognize that the odds are very much stacked against them. Who are the really rich people from the investment world that we all read about? Warren Buffet, Peter Lynch, George Soros, Robert Stansky, Foster Friess, Jimmy Rogers. Did any of those people make their fortunes trying to chase a hot market for a day trade or because some schmuck analyst recommended a company on CNBC? NO! They did extremely hard-nosed fundamental work and for the most part, invested long-term. In many cases, they were also contrarian in nature, betting AGAINST the crowd (essentially selling to greater fools). Those are my beliefs about being successful investing your money and I want people to at least think about the rationale behind their decisions. You can piss away a lot of money with the tired old maxims like "I'll get out when I'm even" and "this thing is the next Microsoft."