Thursday, August 02, 2007 1:01:35 PM
No. I would not buy that car. However, a car tends to depreciate, not appreciate. I have and will continue to buy this little baby from time to time recognizing that there is great risk involved. If I loose, I will laugh at my foolishness and be glad I didn't bet the farm.
I mitigate the inherent risk of this little pinkie by buying just a little from time to time when the market allows me to. I also diversify. Additionally, the potential for reward also tends to mitigate the risk somewhat. You're lucky. You jumped in and bought your 10 mil shares at one of MGMX's lowest points. My goal is also 10 mil shares, and I have a couple of mil to go. So, the lack of news may end up being my best friend when this turns into a rocketship and blasts off.
I suspect that 2008 will be a very telling year for MGMX.
GLTA
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