Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (4921)	3/27/1999 10:23:00 AM
From: kathyh	Read Replies (2) \| Respond to of 13776

free level II quotes available... for those not on Mytrack?? To: Presence (24613 ) From: CatLady Friday, Mar 26 1999 4:34PM ET Reply # of 24713 Free Level II ?? tradescape.com I just signed up so I didn't get a chance to see how well it works during market hours. Deadline 3/31. ( The jave applet worked with IE but not Netscape for me )

To: LANCE B who wrote (4921)	3/27/1999 10:52:00 AM
From: Wayne Rumball	Read Replies (7) \| Respond to of 13776

OK, everyone grab a chair and gather around for a little Saturday morning story.... It's true, it happened, Seems there was this guy and about 14 months ago started using the internet to research stocks for his part time hobby. He had been mildy successful with his portfolio prior to this, earning a modest return of 15-20%/year with his limited tools and knowledge. As he discovered the internet he also discovered many tools he had not dreamed existed. He began doing more and more research and in the next few months managed to increase his portfolio by 20%. Now he began noticing on his searches of companies that he was buying that over and over a web site called silicon investor kept popping up. So he headed over there to see what was going on. He read many, many threads, kept close watch on the threads that his stocks were on, and watched the hotlist. By now it is March 1998, and he sees PNLK mentioned several times. So he starts watching PNLK with 20 minute delayed Yahoo quotes, and bookmarks the PNLK thread (that has very few posts at this point) Then he sees someone mention realtime quotes and a link. So he gets it. Now he feels like he is in heaven, he has gone from reading the paper to 20 minute delayed quotes to REALTIME quotes. He continues to watch PNLK and other threads and decides that this might be a pretty hot stock. So against his better judgement he BUYS PNLK at $1.17 when it is trading at it's 52 week high. A few weeks later he sells PNLK at $3, $4.50 and $5 and is happier than a pig in S**T SO he starts thinking, this SI thing is great, we get all the inside info before anyone else And over the course of the next few months he follows the lead of many people on the hotlist, buys several stocks mentioned that are on a run , hits a couple winners and several losers. By June 1998 his portfolio has gone from 28,000 to 57,000 (courtesy of his PNLK buy) and back down to 31,000. At this point he realizes that the people he has been following, and even those that have sent him private messages (to let him in on the really good stuff before anyone else), are just out to screw him. So he turns renegade. Begins researching his own stocks and the stocks of people that screwed him and take every opportunity to expose the scams. Then in early August 1998 he thinks he has it all figured out. He is doing his own research, picking his own stocks, his portfolio is blossoming.... Then he breaks one of his most sacred rules, no more than 10% of the portfolio in any stock, and puts 40% into a stock that he feels is WAAAYYY undervalued. The company declares bankruptcy, is delisted from NYSE and relegated to the OTC bulletin board. So now this guy's portfolio is down to $21,000 and he feels miserable. So he starts looking back on everything he did in the last several months, analyzes his mistakes, tries to figure out just what the hell went wrong. Starts paper trading for a month or so, finds more tools, more information. Tries to get some confidence in what he is doing. Slowly starts to enter the market, buying 1 out of 4 stocks that he likes. Then I started my thread....