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Re: None

Thursday, 06/23/2005 11:40:34 AM

Thursday, June 23, 2005 11:40:34 AM

Post# of 30974
Penny Stocks Observation/Question . . .

Interesting on the discussions that seem to be common to every penny stock (at least in the sample group I've been researching), including AVTX. Every one is waiting for that one "Big contract" and/or the evil "MM's" are manipulating the stock to keep it down and/or tomorrow i.e. the next "PR" will make it all good, or the one I really love “let’s all . . .”, is this rotary or investing?

Are people really this dense, or, as I at least like to think of myself, do we/they just enjoy the rollercoaster and the ride with potential for a “big payoff”. Since statistically almost all (>80%) go belly up or do not perform at all, is the rush of gambling the reason why people get into this?

No criticisms here, but there seem to be pumpers for most if not every stock and people patting themselves on the back as to how smart they are for investing in this stock . . . oddly enough 3-6 months later the tenor of the boards change . . . often getting ugly, and you find the same folks, including some folks I find here and on other AVTX boards going on to the next stock with the same type of messages and wild speculation (I’m not excluding myself here (other than possibly time-wise) so don’t be too offended anyone) following the same pattern.

I guess my question would revolve around the question: “Is there a mass psychology phenomenon involved with this type of investing?”

Not a criticism of anyone, rather an observation (self observation?) with questions.

All that being said . . . I enjoy gambling, and occasions win nicely. Should I consider AVTX and other penny stocks gambling, or as I have been doing well with my programmed trading actually consider this serious investing? Interestingly enough, I find I follow my penny stock with much more regularity than I do my Blue Chip (in which I have a lot more money in than I do in pennies).

Thoughts?

Rob


Rob Phillips
MBA, MSCP, A+, Net+
Division I.T. Network Team Leader

“A man can’t be always defending the truth; there must be a time for him to feed on it.”
CS Lewis