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chh2410

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chh2410

Re: kei post# 738

Monday, 01/14/2008 12:53:11 PM

Monday, January 14, 2008 12:53:11 PM

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Looking at the technical, it appears there is a strong resistance at .05
While anything is possible in penny world, I am afraid the best thing that can happend to you is to make even money unless you do average down more.

For example, if you buy 2 mil shares ($6000) more at .003, your average becomes ( ($6000 + $5000) % 2.11 mil shares = 0.0052 )

Nonetheless, I think if there is a decent news, it should be up there near .05 DD, IMO.

I have seen penny stocks go 100 times before.
20 times is too easy. But we need news to make this happen.
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