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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (16976)	12/14/1998 11:29:00 PM
From: PartyTime	Read Replies (2) \| Respond to of 18444

Jon, I'd say fear is probably the one thing that causes most investors to lose money. What's Buffet's strategy: Buy and hold and sell only when it's right. Fear caused me to sell BBC when the FTC denied the merger (this was happening while ZULU was popping to $1.50). I had bought BBC at increments of between $40 and $47. It's went to $51 and had a press release from Standard and Poors noting the new company would assume a place on the S&P500. The next trading day, out of the blue, the FTC said it wouldn't approve the merger. Everyone's FEAR, mine included, hit sell buttons. After trading had halted, it opened at $46. Well, here we are five to six months later--had I held my BBC position instead of selling it out of fear--the share price since went up to over 60 and then split and is now around the 30's waiting for another cycle. So fear, Jon? I think, based on my relatively new learning and trading experience, that I agree with Buffet. Now the difference between my basher warning and your investor warning? Well, one big difference is most folks who invest in pennies are aware of the risks of doing so. Even the respective brokerage systems have safegaurds, warnings and even financial penalties for buying in pennies. So much of that is know. But the internet stock basher? The manipulator? The poster working for the shorter? Posting for the competition? One's own daytrading advantage? Whatever the motivation for bashing may be? Well, this is relatively new, isn't it? The psychology of the basher is just now coming out into consciousness. So that's why what I posted was important. What you posted was meant to imply that our investment is similar to what the example is that you cited. There's a great, big difference, Jon. You, with no investment, only an agenda of some kind, want to bash the stock to which I've invested my money. And, like FTM said, you've been doing it since February, consistently over and over and over and over. Whereas I merely wish to bash the bashers who unfairly bash the stock to which I am invested.