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There were "local" stockbrokers in many Cities that hawked these stocks. More recent rules and regulations have cut into their business. The idea was to hype up the stock, watch it go up multiples (maybe from $.25 to @.75 a share), then dump a whole lot of it. Instant wealth. Unless you were an "insider", you would, in all likelyhood lose your fillings. Now the internet has replaced these guys. THey own scads of XYZ they bought for, say, a dime a share. They talk it up and it rises to $.20. They double their money while the stock they unload depresses the value back to a dime or less.
BEtter to find yourself a nice mutual fund (no load of course), invest on a regular basis, dollar average over the long run and don't worry. A good rule to follow is never gamble in volatile issues more than you can afford to lose.
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Bob S. former owner of a 1984 silver 944
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