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reversetaxman

09/29/06 11:15 AM

#5470 RE: dakota #5459

My thinking process concerning speculative stocks results from trading in these stocks a long time and I have held on to losers more than my share of times. The common denominator in buying these spec stocks is always the news or hype posted by the company. The ones I remember the most are the ones that I lost the most in and they were the ones the management always touted the most with continual breaking news about their technology, their gold find, their oil reserves or whatever. I can give you some good examples-BIKO which is now BICN, CLYW. IWSI, and on & on. At any rate, I am extremely skeptical about what management says.