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Re: iwitness4jc post# 32688

Wednesday, 04/23/2014 10:52:45 AM

Wednesday, April 23, 2014 10:52:45 AM

Post# of 38473
Hey I hope they pump it...big time.. I hope it makes traders like you a ton of money.

The only issue I have is when someone who is what I call a "unintentional long" who starts claiming this thing is not what it is...or that it somehow is a real company that's just been beat up.

It's a scam penny stock...

It's allowed to happen because it brings money into the markets.

The OTC Wouldn't exist without these little scams.

Anybody here really think the sec doesn't know about these scams?

Of course they so, but they grease the wheels of larger capital finance so they're allowed.

The penny markets and the 10's of thousands of penny stocks that exist, exists solely to bring "little fish" capital into the markets.


Not everybody can afford AAPL or GOOG...
So markets were created that are no better than a lotto ticket that allows ANYONE with $250 bucks to lose it all to the house while they kick and scream about how they're LONG AND STRONG and how NEXT QUARTER there will be profits.


The rest of us know... Buy a penny stock and sell it if it goes south on you...and sell it when you have profit... Don't hold these things for their PR's.

Case in point? UBRG has a bid on it right now of $0.0026. Meaning whoever bought this yesterday at $0.0035 is taking a whopping 30% loss in a one day period...unless he sold as soon as it went south on him...

Otherwise, he's an unintentional long...hoping and waiting for the next pr to break him even.
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