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Re: oilin07 post# 3379

Sunday, 02/08/2015 10:40:45 AM

Sunday, February 08, 2015 10:40:45 AM

Post# of 11962
Yes Oilin07,

This is what I was referring to!

These penny traders lose their entire investment in penny stock 99.9% of the time.

It is indeed a "one in a million" penny investment that returns 100 fold. I'm not saying it doesn't happen. I AM saying it ALMOST NEVER happens.

Most of these penny guys coming on real company stock boards like GE badmouth the company because of "piddly" returns - like the average yearly return GE has produced (with dividends added in of course) over the last five years.

For myself, I'll take those returns from a solid Blue Chip stock like GE EVERY TIME, over a penny investment where the odds are, you will lose your investment almost every time.

But for them, it's the thrill of possibly hitting a home run with an investment of a few thousand dollars. Almost never happens but it MIGHT! Sort of like playing the lottery.

Which reminds me...I have to go out and buy my Powerball ticket before next Wednesday!




I keep telling myself....deep breath....count to ten....try to answer without personal attack...if available, always try to present fact to back up your opinion.

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