To: Blitz who wrote (1173 ) 2/26/1999 12:33:00 AM From: * Thumper * Read Replies (1) | Respond to of 2136
I couldn't have said it better. Just a few extra thoughts from a rambling madman to add though: What is really unfortunate, (in my observation only) is that only a small minority of shareholders can afford to hold out for the larger returns. I have read thousands of posts on many different threads concerning many different stocks & lots of folks don't have much money to invest so obviously when a stock goes up 100 to 300%, they are going to take their profits. That's fine. I totally support them. But..... Instead of going off to find another stock for a quick buck, If only those same folks would only stick around & find the re-entry point upon which they can now buy twice the amount of shares they originally bought, I feel you will make an awful lot of money.... My personal experience with ALFN: When I first read about ALFN on the WR thread, I immediately bought 10000 shares @.36 & when it went up to .87 I bought another 5000 & continued to hold thru $1.21 where I bought another 5000 shares.. When it hit $2.25 I sold the lot for a tidy profit, not because I wanted to..... but because, I realized, from 2 yrs experience trading on the internet, that the MM's were going to drive the bid south at some point in a shake-out & the majority of everyone who touted the stock for days on the thread would panic & head to the exits for a quick profit. The difference for me was that once the dust settled, I started buying all I could afford with my new found profit & my original principal. The result is that I now own two times as many shares as I started with two weeks ago. All bought within a range of 15/16 - 1 5/16. You all know the current price at close. If I had again sold at tonight's close, I would have an even larger position if this stock corrects again back to the 1 1/2 level which I feel it may do. To me, this is how you make money. Can you imagine the kind of impact we all would be having on the float if all those 2100 investors (read in a post somewhere that was the high # when we were around $2.75 last week) had re-invested their money back into this stock???? To me, this is one of those rare stocks (as well as MRPS) that has real potential, at a very cheap price, to be a winner. I learned a long time ago, NEVER LOOK BACK & you'll never have any regrets..... JMHO & Good night all. Best of luck to us tomorrow, Thumper