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Re: justgambling1 post# 11404

Wednesday, 08/06/2014 5:33:49 PM

Wednesday, August 06, 2014 5:33:49 PM

Post# of 13571
JG it was clear you made an honest mistake with your decimal point. I've done it. I'm sure everybody that has ever invested in penny stocks has.

ONE CAVEAT: Don't ever think that since the price is .007 or .07 that means you can sell at that price. If you, or anybody else, tried to dump 7 million shares you would collapse the share price. So, this is the long way in advising you, don't tell wifey if it reaches 2 cents, "Hey, look at my account statement, I've got a profit of $40,000."

No, you don't. You don't have a profit (or a loss for that matter) until you sell. So when you've sold those shares and when you have the cash in your account, then the time is ripe for thumping the chest. LOL