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Re: key west kim post# 24705

Monday, 05/29/2017 11:01:33 AM

Monday, May 29, 2017 11:01:33 AM

Post# of 346674
Diversification in good for an overall investing strategy, but when it comes to penny stocks, SELECTION is more important than diversification.

With such high odds of failure in the penny market, diversifying into too many pennies can lead to a big gain being wiped out by several other losses... and the more pennies one holds at a time, the harder it is to keep up with all of the evolving DD. Most penny stocks need to be reevaluated constantly.

I try to never own more than a few pennies at a time... and often, i only hold one, if i find something special, along with my big board trades.

The #1 rule in the penny market is PROTECTING your $$$... Anybody can hit a winner, but if you are not careful, the odds are strong that you will eventually give it all back on a string of losers... Just like at a casino, the odds of constantly hitting jackpots are slim.

AMFE is a best in class penny stock and deserves to be in peoples portfolio long term... Some here might THINK they can easily find other relatively low risk/high reward pennies like this, but they are mistaken. They are few and far between. Most are only good for the swing trades.

This stock was worth less than $10 million at one time and is now worth $30 BILLION... Investing 4 figures would have made you 8 figures...



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