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

To: Rande Is who wrote (1524)	3/27/1999 6:00:00 PM
From: e.von	Read Replies (1) \| Respond to of 4766

Thanks for the information It was good to incorporate the factual and the opinionated. There is one thing I would like to add in light of the otc articles, my father worked for a company for 43yrs and they continue to be profitable, do they own everything yet? no, in fact they are having their largest problem to date, one that significantly affects the "continued" part of growth. The officers of the company are an older set of distinguished gentlemen and true experts at capitalizing on developments in the industry. Except they realized in the last SIX quarters earnings were slipping. They looked to their competition and could not believe where it was coming from. You guessed it. The order came through just recently, "buy them", those companies were encroaching and approaching on 25% of the market. The execs knew they could grab on to them but theres this old rule surrounding the otc that has them in a frenzy. That is, wait, but they cannot. They see the revolution, they see the direction, and they are doing their damnedest to do it right. They are looking, and so too can you, on the otc. One interesting fact they expressed to each other in jest about the matter, " this is getting pretty scary but we cant get scared, we'll just leave that to the press". =) This is nothing more than a good story. Erick

To: Rande Is who wrote (1524)	3/27/1999 8:49:00 PM
From: Moosie	Read Replies (1) \| Respond to of 4766

Hi Rande, Nothing like a little review to keep it all in perspective, thanks for the links. Here a interesting opinion I came across this morning while enjoying my newspaper and coffee, Online trading threatens to create Wild West markets Paul Kedrosky National Post Back in December, a San Diego-based outfit called 1st Net Technologies set up shop in two Internet chat groups and began touting itself as a great Internet investment. Its market-sharp executives regularly posted shameless, self-promoting notices, saying enticing (and cynical) things about their new company's love of the Internet. As an over-the-counter bulletin-board stock, 1st Net's claims were almost impossible to vet, thus making it easy for these sharpies to dangle a lure before "gullible" online investors. But investors didn't go for the hook. Because rather than being caught by these promoters, online investors went after 1st Net instead. It was an ugly, anarchic, and stop-start campaign, but scores of online chat denizens gleefully took the company's claims apart in public. They unearthed the president's past problems with the National Association of Securities Dealers (NASD), as well as the company's Byzantine network of relationships with various shell companies. Online investors even "outed" the company's investor relations director. He had been posting guileless promotional stuff under another name. Whoops. While it is a great story, it also shows how far off the mark is most of the hand-wringing about online trading. Stories about investors getting bilked online get all the press, but the truth is that technology is turning online investors into a potent force -- one that is more of a threat to markets and regulators than they are to it. continued... nationalpost.com