InMed Pharmaceuticals Inc (INM)

[lesgetrich]

I've been on vacation and haven't checked the board for a few days but in response to your uninformed accusations...

you've been in all these penny stocks for 3+ years, staying long, never making any money and wasting your entire day posting non-stop on all these boards getting beat up left and right....why? 1000's upon 1000's of posts of nonsense defending stinky pinky companies and making no money by flipping...please explain?

My "stinky pinky's" are currently up over 110% over three years. I'm a long term investor, not a flipper. I consider 36%/year a pretty good return on investment. None of the four stocks I usually write about are in the red. My original InMed investment of $16,000 is now worth $60,000 (96,000 shares up 268%). Early on I tolerated losses because I knew company fundamentals pointed to larger gains in the future. I only sell a few InMed shares here and there when I need a little extra cash to pay bills and I let the rest ride because I'm confident that they'll be worth more in the future. I've already recovered my original investment. As for...

Also, you sucker people in by making them think you know what you're talking about, when that's so far from the case....perfect example, your chart theory and you stated this thing was headed to 1.30 in the near-term (chart shows no resistance until 1.30ish), when in actuality it's done nothing but tank...still thinking charts apply to penny stocks is one of the funniest things I've ever heard....give it a rest dude and read some books on investing from people who are actually smart and know about MAKING MONEY.

I've stated repeatedly that I invest long term and I'm not a flipper. However, I have a securities license and have taken courses in technical trading. I'm sorry but there is no rule that technicals don't apply if the stock price is less than $1. Technicals are a means to measure shareholder sentiment on a mass scale. Short term they are reasonably accurate but they are not infallible. If they were, we'd all be rich and I'd be a technical flipper myself. I wasn't challenging you because I believe in technical trading. I challenged you because you were wrong.