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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (6281)3/27/1999 11:14:00 AM
From: Curtis Fox  Read Replies (1) | Respond to of 9115
 
A MUST READ

The stock is DCTC. Last time this stock made a major run, it went up over 400%. It is just starting a new run. The following is a post from some one who has been following the stock for over 2 years.

"Three big days in a row. As I have been telling you for quite some time, when the Canadian position was gone our stock price would head North. What I think our seller did was to sell his last 100,000 shares to NITE a few days ago. NITE bought them for inventory which has certainly paid off for him and us. If the MM's had not had the inventory when all this buying showed up a few days ago they would have had to short the stock to maintain the market. When they go short on a stock they do everything in their power to cover at a profit. The trading at the end of the day seemed to indicate the selling we saw was normal profit taking from the
day traders and short termers.

All in all we had a great day and a super week. I am here to tell you
that this weeks action is nothing compared to what is coming next week. But, for the day we did 316,000 shares and the bid closed up 40 cents at $2.90. For the week the bid was ahead by 65 cents. For those of you who hold 100,000 shares of this GEM your portfolio increased a cool $65,000. Be prepared for a little selling on Monday morning. That is to be expected after the run up of this week. For those of you who may be tempted to day trade you better be quick because I am aware of quite a bit of new dollars that will come into play on Monday.

WE WILL SEE NEWS NEXT WEEK. There is so much going on at DCI's
headquarters that I expect it to be the most lengthy press release in
the company's history. Things really started to pop on Monday after
weeks of negotiations. As each day passed the negotiations continued to broaden out and were still doing so today. I still believe the news on the three switches will just be a small part of what is coming. Sometime before Wednesday we will get hit with both barrels. There will be items covered in the release that will surprise all of us. I don't think there is a short position out there but if there is they will not be happy campers. As I said a few days ago we will soon see why the financing release was delayed so long. Folks, you own shares of not only one of the fastest growing Telecom companies in the world but soon to be one of the top tier Telecom companies in the world. A company that will most likely show net earnings in the next quarter. It could very well be that
we may have to adjust our thinking from "out at $10.00" to a "core
position of a long term portfolio". I have been very careful in my
almost daily reports to give you nothing but the straight skinny on
DCI. At all times I have always tried to keep deliberate hype out of my reports. Today's report is no exception. We are on the move and it is being noticed by many others outside the internet community. Much of the buying we have seen these last few days is from big money taking large positions. IMO this will continue. Joe confirmed that the shareholder newsletter went out today."



To: ChrisJP who wrote (6281)3/27/1999 10:30:00 PM
From: KZAP  Respond to of 9115
 
So will there be a header change?
<<<<<We now
return to the "I'm a whiz kid, but I'm often wrong, so do your own DD" thread.
>>>>>>

LOL!
You guys!
***********

"How to make money in the Stock Market?"
Should be a book out there on the subject. <ggg>

1) A online broker is great. But you'll find
out you will need a back up. So a good live
broker will make you money also, don't get
"pinched"!
2) If you are going to 'follow' other posters
on SI, make sure you follow someone who does
their homework and is consistent. However,
you can't rely on other's dd, do your own
and ask a lot of questions.
3) Don't risk too much on any one stock. Personally
I'd set a limit at around 20%.
4) Diversify. Putting too much in any one group could
cause serious damage if the sector turns the wrong
way. You understand this, right?
5) Be patient. Don't get in a stock that has just
had a quick run. Wait for the pull back and for it to
leveled off. Sometimes you miss the largest run, but
that doesn't mean it's over.

There's thousands of examples out there. IMO the main
thing is to educate yourself. Use common sense. If
you lack that, by all means, seek professional advice.
If you're sick you consult a doctor, right? Yet, you
will ask your friends which doctor is best. Know what
I mean? Ask around. Be kind to yourself. No need to
get into a big hurry. You'll miss some good investments,
but there will be another one tomorrow or the next day.
Learn to reconize a stock that is worth your investment.

There are some good OTC companies, just like there are
some dog listed companies. Yet the precentages are in
favor of the more expensive companies. Penny stocks
can be very profitable, but are very risky. Become a
seasoned investor if you're going to risk your money
on Penny stocks.

BTW, I do like Penny stocks and listed large cap stocks,
and everything in between. But will also admit that
there's just something about buying a penny stock that
is alluring to investors. I guess it's the "rags to riches"
concept. The story that you can tell when you catch
a good "hot" one!

Lots of luck investors!
The above is just some basic advice. Take it or leave it.
It's JMHO anyway.

KZAP