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Sunday, October 28, 2007 9:06:25 PM
Every PP should be looked at case by case.
As far as me "buying and holding". I bought pre-consolidation starting at .68, 1.03, 1.16 and 1.39 and sold enough at 2.58 to make what I still have a free ride. I have no need to trade in and out or buy any further. I'll ride these out until it either succeeds as a chain or they are worthless.
It's easy to look at any stock in hindsight. Had this been different, and they closed the PP quickly, made a few more announcements and the stock moved upwards then your choice may not have been that good, who was to really know? All anyone can do is place their bets and if you're right you look good. I trade in and out of stocks on a daily basis looking for "better stocks". I hold this for fun and could care less what happens to it on a daily basis.
I've been blunt on this board since October of 2006 as have most posters here, there is no inbetween. This either fails or succeeds. If it succeeds and becomes a nation wide or worldwide chain the stockprice won't remain at 3.00 bucks.
Nosleep
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