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Re: Waverider110 post# 32969

Monday, 08/07/2006 9:34:38 PM

Monday, August 07, 2006 9:34:38 PM

Post# of 311080
Most investors I speak to say that is a risk they're willing to take, on this stock and any other.

The way they see it, if they're going to plunk down $40-$60k on a penny, they'd rather see volume and upward momentum, and miss some of the run.

In their mind, missing a possible 75% spike up is better than taking the risk of a 50% spike down, all else being equal...(which I know it rarely is)

It all depends on one's trading strategy...but the majority of bigger (in penny terms) investors I have met are not gunslingers.

Give them something meaty to chew on, though, and the scenario changes.

It's a little like that joke about there being old pilots, bold pilots, but no old bold pilots....









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If you take anything I say as advice, you're crazier than I am.

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