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Re: None

Monday, 07/16/2007 1:07:28 AM

Monday, July 16, 2007 1:07:28 AM

Post# of 244594
Only flippers and traders worry about short term. Do yourself a favor and buy just a $1000 worth and don't even freakin look at it every day. Don't worry about outtrading everyone else who is trying to outrade all the other traders. Just let supply and demand take it's course over months and you'll be quite happy I think.

If I add up all the trading I've done since I bought BOOM at 10 bucks 3 years or so ago you know what? I'd have been just as well off to let it ride long term through $40 and then a split and back to $30 or so. Two years ago I paid over $5000 just in commissions.

I heard the .09 and .01 resistance termed every thing from "stout" to a "brick wall" and they fell. Don't worry about the .012, it's gonna fall too. Trying to flip a stock on the rise is just like catching a falling knife on a downtrending stock.

Probably the most underestimated thing in this whole deal is DeDe. She is a 4 term NY State Assemblywoman and I would not think she would jeopardize her career for a pump and dump or a scam. We should be just getting good and settled in about the time the holiday shopping season rolls around.

As far as whether Wisebuys makes any money or not, how about you check out the link below. To summarize, they took out two federal loans which would appear to be startup costs in 2003. Both notes had 2005 due dates so it would appear that they at least made enough money to pay back the $251,000 they borrowed in two years.

http://www.fedspending.org/faads/faads.php?&recip_cat_type=f&fiscal_year=2003&recip_id=9...