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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Mike Sawyer who wrote (115)	2/24/1999 1:24:00 AM
From: radhltheng	Read Replies (1) \| Respond to of 19256

Mike, I think that you are exactly right in what you are saying. The only reason that I am here is to bounce ideas on others to see if I'm going in the right direction or not. I am just now entering the penny stock world and would like to find the next latest and greatest. So what is your pick for tomorrow? Mine is EYEM or CTEK check them tomorrow and follow them,EYEM was up 69% today from .84-1.44. I also have been following Daniel Miller's picks the KID IS GOOD!! I'm new to the site look forward to hearing your reply. Thanks, Steve RAD HLTH ENG

To: Mike Sawyer who wrote (115)	2/24/1999 7:07:00 AM
From: daffydog	Read Replies (3) \| Respond to of 19256

Mike, I'm glad that Jon started this thread, and agree with your assessment. But the skeptics are just pointing out that a 50% per month growth rate is an unsustainable phenomenon. Even if such were the case (which we will see will not be the case over the next four years), then the problem arises of what to do with all that money. Jon says he wishes he were better capitalized. This will happen soon enough, if all goes according to plan. But if it does, and he finds himself with $700,000 to invest in some micropenny stock that has an average daily volume of 98,000 shares and trades at $0.0021, he's gonna have a lot of trouble filling that order. Wayne Rumball on the "WR's momentum plays" thread has pointed out that he could more easily turn $40,000 into $150,000 than $150,000 into $250,000. One could argue that if one were lucky and smart enough to do this, the excess could be plowed into the mortgage and parked in an index fund -- but then, there goes the 50% per month. MGG