You made a profit. Good for you. This goes against claims that no one has made a profit on this stock. I bought in 2000 @ .03. Sold most for profit but should have sold all. Looking for a point to buy more if it drops more prior to drilling. Risky stock at this point so I won't buy more than I can afford to lose.
I think you had the right idea in 2010. I hope you made money with this strategy. Do you think it still holds true?
nwtf Sunday, 08/29/10 08:23:27 PM
Re: bobwill9 post# 220952
Post # of 313512
I realized alooong time ago that this was going to take YEARS to come to furation. And also realized that you could trade this issue in the mean time. How can you pass up easy money.
I think you have to look at all penny stocks as lotto tickets. I have played quite a few overtime. Most of them don't work out if you hold them for any length of time. Once in awhile you will get one that makes a fantastic gain but as Kenny Rogers said "You have to know when to Hold'em and know when to fold 'em".
The officers of these penny stock companies seem to be all the same. They line their own pockets while constantly diluting the stock. The worst one in recent memory is FREE. They seem to have a reverse split almost every month. The 52 week low is $.13 and the 52 week high $4285.
The hope is ERHC hits oil and our lotto play will pay off and we will all be rich. We'll see.