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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?


To: zonkie who wrote (1153)4/16/1999 11:02:00 AM
From: DoubleOddBuck  Read Replies (1) | Respond to of 4128
 
Zonk....she has good investment technique. true.

This is BB Speculation, which I don't consider "investment".

I have been in and out of ABFG since January. I watch this thing tick away everyday. The publicity created when Daniel picked it created a entirely new awareness of ABFG. Some good, some bad. When I started this thread I had very little to go on, and to watch what has developed since February when the first website came on is really quite a acomplishment in my opinion. They have done a huge amount of work in a short period of time. Lets remember this is a infant 3 months old.

Right now I am out and waiting to see how things settle out here in the next little while. So far the company has delivered on what it says, and I have no reason to suspect different.

Lets say, hypothetically, that this acquisition being talked about happens, adding $200,000 a day to the cash flow. This is Speculation, not investing. We do not know the facts, we are SPECULATING on what the facts MIGHT be at some point. THis is the same for all BB's in my opinion. Even reporting ones. Hell, the same could be said for all those high flying bigboard issues.

Speculate right, you win.
Speculate wrong, you lose.

By following strick guidelines in your personnel trading techniques, there is no reason to take a huge loss on anything. I have taken loss's on ABFG twice now, both times my mental stop loss and trading pattern being shown tells me to get out and think about it. So I do. I don't feel right about it I get out. I'd rather be batting .500 then hit one home run once a month.

Anybody have anything negative to say about that ?



To: zonkie who wrote (1153)4/16/1999 11:21:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 4128
 
Zonkie, in early March I saw a great special by John Stossel of 20/20 about the differences between the way adults and teens think. I recall one interesting test where they showed teens and adults the same pictures of people with various expressions on their face and asked each to describe what they saw. Here's the transcript on it (VO = voiceover):

JOHN STOSSEL (VO) What is the expression on the face? Then they watch which part of our brains we use while thinking about that. Later they test us further with the same faces.

(interviewing) Shocked. Angry. Sad. Happy.

(VO) What they've found is that teens, especially the younger ones, just don't see things that are obvious to us adults.

(interviewing) Not surprised?

JOHN ZANDI No.

JOHN STOSSEL (VO) This man looks shocked, anguished. But OJ doesn't see it.

OJ HEIDLER I don't think they have a word for that expression.

JOHN STOSSEL (interviewing) You don't think he's shocked?

OJ HEIDLER No.

JOHN STOSSEL (VO) He didn't think this woman looked upset.
(interviewing) You don't think she looks sad? Something bad just happened?

OJ HEIDLER Not that bad, no.

JOHN STOSSEL (VO) Yurgelun-Todd says this helps explain why teens often exercise bad judgment. They just don't see what we see. They may not realize the teacher's mad or that their girlfriend's hurt.

DR DEBORAH YURGELUN—TODD Their brains aren't adult or mature and they don't yet have the wherewithal to do everything we expect them to do.

JOHN STOSSEL (interviewing) Do you think that kids your age think differently from people my age?

OJ HEIDLER Oh, I hope so.

JOHN STOSSEL You hope.

OJ HEIDLER That would be one big screwed off group if that was it.


abcnews.go.com

That's why I have some sympathy for Daniel Miller. Heck, we were all teens once! However, as we're talking investing here and not the merits of skateboarding down public railings, we really have to treat him like an adult.

- Jeff

BTW, here's the promo for the show:
more.abcnews.go.com