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Thursday, December 07, 2006 12:23:58 PM
No, I have'nt sold so I don't have a real loss in the traditional sense, but EVERYONE in this stock has suffered a loss, in that the share price was around .12/.13 before the raid, and now is below .02! When the AF's are released, and IF for example it turns into a 10 bagger from here, it would only be maybe .15 - .20, instead of $1.20 - $1.30!!!
Please anyone here don't lecture me on the perils of the Penny Stock Market... I'm a big boy, and just because these are the Pennies is NO excuse for illegal & criminal activities at the expense of shareholders! For you bashers... No I'm not implying it was SLJB, you are!
If the Market was more transparent in that ALL trades were easily available for scrutiny, NO monies were paid untill shares are delivered, real restitution & jail terms for the crooks, etc., then these illegal manipulations would be curtailed. That's why we all should be signing petitions for Market Reform, and doing whatever we can to help clean up the Markets.
BUT, I just know that when SLJB's share price starts to rise, pretty well everyone will forget this "little incident" and nothing will be done about it, and the crooks will be "laughing all the way to the bank" and looking for their next victim company!
This is why IMO, nobody should Buy & Hold Penny Stocks... just Swing or Momentum Trade them. That's what I was doing here, but got caught in the raid from .09 to .01!
John Good
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