I was pretty much responding to the ones who have lost on this stock when it was in pennies and they are bitter about it. As a rule of thumb for most people it probably not good to risk a huge amount on pennies that you will not be ok with. It Depends on how many thousands we are talking, how much thousands of dollars mean to you and can you lose those thousands and be ok with it. Most people are not. From reading these penny forums many lost thousands and really couldnt. Sure if you have 10 or 20 thou to drop on a penny and it goes from. 0020 to .0040 you made a nice chunk of change that person is likely flipping/holding short. Many want to make more on a smaller investment (say 150000 shares at a few hundred bucks) those people want to hold long for bigger profits at a smaller investment. I could have dumped a couple thousand at most on this in the 20's and low 30's as well. The most i would have made was maybe double. Ok i would have made a couple thousand, after a hihg capital gains tax for a short hold i would have what vans put "beer money" I chose not to put so many eggs in one basket.
Good for you though. Its not to hard to double your cash on pennies. But the real cash would be if you can hold long and really make some money. That is much harder to do......unless you have the capital to put huge initial amounts in and short play all day long....
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