Yep, I know the siren call that microcaps can have on our psyches. Looking back, many microcaps I thought were promising ended up disasters -
Cortex - now called RSPI (sub-penny)
Polymedix - bankruptcy, now IPIX (4 cents)
Reeds - REED (15 cents)
Orchids Paper (bankruptcy)
Senestech - SNES (50 cents)
Luckily I didn't invest much in these, but the logical conclusion is to follow Warren Buffet's sage advice and mainly stick with index funds. I figure using a $1000 limit will keep the lure of microcaps safely within the realm of a 'hobby' :o)
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