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The latest news from the Motley Fool: My smartest investment

Saturday 21 August 1999 18:02 EDT
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Some time ago, when its share price had fallen to just a few pence and a restructuring was announced, I bought shares in Aromascan (now Osmetech). I got them at 5.5p and they are now 18p.

TD, Slough

The Fool responds: Though you have done well, investing in penny share companies when their price is depressed is generally considered unFoolish, and is often a gamble. In the case of Osmetech, we have a company with an interesting "electronic nose" technology, but which has failed to achieve much in the way of sales. The company is burning cash and has been close to failing before, so you should think very carefully about the future of this investment.

n Send us your smartest or dumbest investment story. If we publish it, you'll get a free copy of our investment guide. E-mail to UKColumn @fool.com or post to Motley Fool, 79 Baker Street, London W1M 1AJ.

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