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Re: Bernard Ng post# 421

Wednesday, 07/18/2001 7:35:47 AM

Wednesday, July 18, 2001 7:35:47 AM

Post# of 484
Bernard that is what the market wants. They do not want long term holders in the OTC. SMall companies are so crippled by the market it is not even funny.

Take now the advisors are saying if you are going to invest buy over $5.00 stocks. However, most brokers I am talking too agree the buys are the ones on the bottom (<$5.00) so it appears the reverse is hapening. When briokers are wanting to sell they issue buys at $60, $40, $20 and once out then it is a sell under $3. MAkes no sense but if they are issuing a sell and the trading appears someone is accumulating I wonder who that could be. Could the brokers be buying up these undervalued and once it moves over $5.00 the broker analysts will suddenly start issuing buys again. Of course if they are selling into the buy they are making tons of money.

Trading ... for the short term is one about all you can do but savvy are getting positions in select stocks that they feel will be move back to justifiable value in the next year. I remember Nextel at $8 back years ago and I was told no it was not a buy yet and it wasn;t at $12 but at $18 the broker told me it was. The double out. This is the way it is in the market.

Of course they were wanting me to buy a another stock that fell since it was rec to me.

Never have been able to understand how in the world so many brokers cpould not pick a winner if their life depending on it. The stock market is the only industry I know where you can be 100% wrong and keep your license.

Not only that but it is the only place I know you can sell what you do not own for gain.

:=) Gary Swancey

:=) Gary Swancey

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