Yes, It's True

Yes,

It's true that I've gotten sucked into the world of penny stocks lately. You know --- those stocks that are perceived to be hugely risky?

Well, what if they make their stock price in net income in the next 5 months and are selling for 1/9 of book value? That's less risky than any stock in the Dow Jones if you ask me.

I've been pennying away. The ones I like the most in decreasing order: GHII, NWD, AKRK, EVK, LTUS.

GHII may flop on the new wind farm coming 2009. NWD may not pull out of the negative earnings as the raw materials normalize. AKRK may not see a huge demand in cork related products. EVK may never see the turnaround in global retail markets for clothing. LTUS may run short of its operating income trying to foot the bill for it's plant expansion into inner mongolia.

They all may be delisted because of PRC policy.

But, I swear to this day that these deals look to be too good to be true. My friends and family think I'm nuts. I've always gone against the grain. Screw it. People have always criticized the best decision makers. From a historical perspective, I make terrible stock decisions but great classroom decisions.

Notice that that makes Adam Wasserman one of my favorite CFOs.

Glen