To: Jenna who wrote (22428 ) 1/19/1999 11:09:00 PM From: Dave Gore Respond to of 120523
Just for giggles, I suggest you all watch GSIC (General Store) tomorrow...don;t buy, just watch. Volume today over 3 million shares....up 70%. You know, we all tend to generalize about things, and guess what....not all Penny Stock companies or their stocks are bad. Some Penny Stock companies ...1 or 300 or so, really are quite exceptional. This one has a pretty good chance to rise for a few days. It's game plan (10 years in planning and 2 years in operation in Vancouver, BC) is interesting and was mentioned in the Wall St. Journal a while back. The idea, setting up franchises for exclusive control of grocery shopping item delivery in major metropolitan areas, (and later other services like dry cleaning) delivery for the elderly, handicapped, and busy professionals is quite sound. On the website is an 11 minutes interview with the CEO by CNBC/Dow Jones that might just impress you more than you think.genstore.com follow "investors" link from home page I won't hype this at all...but once in awhile I find pennies that seem destined to gain 200-500% or more. This stock fell from near $2.00 to 7 cents because of delays in financing of the expansion into the US after their profitable year in 1997 in Vancouver, BC. Also they messed up their initial financing and learned a valuable lesson in the process. Now they appear to really have their act together and ready to move forward properly. Shares out and in the float are very reasonable. GSIC, RDIM, WINR, and TSIG (which I have held for 9 months) are very stable and non-manipulated. Some pennies are "safer" and less volatile than the big boys, but very hard to find the good ones. Volume is usually the key to how much they are manipulated. These all have consistent volume and no hidden negatives, it seems. Anyway...just for giggles....GSIC over the next week and month. I could be dead wrong of course, so may have lots of egg on my face. I post this more to alert others that the Penny Market still can be rewarding and is not as universally bad as some think. I still prefer the NASDAQ market, but hey, once in a while, why not? DAVE