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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Skippy who wrote (961)	3/5/1999 3:55:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 4766

Welcome, Uncle Skippy. . grab a pole and a place in the shade. There are plenty of great looking fish in the lake. . .that noise you hear is from the waterfalls nearby. . . that screaming is coming from those fisherment that hooked fish that were headed downstream and are now pulling the fishermen into the water. I hear it is a long way down. Poor SOBs. Rande Is

To: Uncle Skippy who wrote (961)	3/5/1999 7:00:00 PM
From: ~digs	Respond to of 4766

Hi Uncle Skippy, If I may make a few suggestions: If you are truly new to internet trading, do not do any daytrading for at least a year. It is far too difficult, and those that do partake in such methods are usually very seasoned with expensive equipment to help give them the edge. They are targeting you, the presumably slower and more ignorant investor, to buy their shares when they are selling. Also, be sure to bookmark this thread along with Rande's others. I think you'll find some intelligent commentary that is difficult to come across elsewhere on SI. Also, learn to recognize spamming. People will spam on Rande's threads because they know there is a large lurking audience. I believe IRTG was spammed on this thread recently. Take a look at the lower portion of the profiles of those recommending their pick and see how many other places they have posted the same or similar message. Just a few tips to help get you started. Rande's threads are probably my favorite ones on SI. Get to know who the regulars are!!! Dave

To: Uncle Skippy who wrote (961)	3/7/1999 8:13:00 PM
From: ~digs	Read Replies (1) \| Respond to of 4766

Here's part of an e-mail I received that is related to our discussion: Internet trading by uneducated bodes disaster, SEC By Jane Sutton MIAMI, March 6 (Reuters) - On-line stock trading by uneducated investors with lofty expectations is ''a prescription for disaster,'' the chairman of the U.S. Securities and Exchange Commission said on Saturday. ''With a few keystrokes you can spend hundreds of thousands of dollars,'' SEC Chairman Arthur Levitt cautioned at a town hall meeting of investors sponsored by the Miami Herald. ''You've got to do your part to make sure you have financial knowledge...You need to be armed with reliable information,'' Levitt told some 3,000 participants. The SEC chief said the United States' eight-year economic expansion had brought above-average returns on stock investments, fueling interest among novice investors. In 1980, one in 18 Americans owned securities, either through direct stock ownership or indirectly in such things as pension funds, he said. Today the number is one out of three. ''We're no longer a nation of savers, we're a nation of investors,'' Levitt said. At the same time, electronic trading has made it easier to buy and sell large blocks of securities easily, giving some investors a false sense of economic ''machismo,'' Levitt said. ''With growth in on-line investing, more and more people, I fear, are entering the market with unrealistic expectations,'' he said. ''That is absolutely a prescription for disaster.'' Instant trading and high expectations have also made it easier for con artists to prey on the uneducated, he said. ''It's a sad reality that the best markets bring out the worst elements,'' Levitt said. ''There's a reason crooks hawk their wares by phone or over the Internet -- they don't give you anything in writing so you can study the details carefully.'' Levitt said Internet fraud and on-line trading abuses had become ''a major area'' of concern for the SEC. The agency has brought 66 cases of Internet fraud in the last 18 months and expects to file 33 more over the next three months, he said. Many of the 66 cases involved wildly unrealistic promises of guaranteed returns of 100 percent to 300 percent. In one case, scam artists persuaded Internet investors to pour $12 million into a nonexistent eel farm, he said. ''By the time we got to this, all the money was lost,'' he said. ''On-line trading is here. It's important. It's useful. But you have to be careful.''