Some longs have paper losses, I agree.
I bought 100K shares of FHAL at .09, bashers hit it hard for weeks and got it down to .04. I was feeling pretty bad about my paper loss.
2 weeks later it ran to $1.50. I didn't feel so bad anymore, lol.
The bottom line Harley, is that of course there is a chance you will lose money here or in any stock. But with a minimal investment you could end up making a ton. And no one has a crystal ball that will tell when a stock will run hard.
I certainly did not think my FHAL shares when it sank to .04 would be worth $1.50 a few short weeks later!
Have the bashers been 'right' so far? That remains to be seen, if this was absolutely proven that JQM was sitting in his apt selling shares all day, then sure - they were right. So far they have simply been lucky.
But what if they are wrong? I would much rather lose grand or two than miss out on making a hundred grand, or two lol.
Can you imagine how sick you would feel if you sold out of this at .005, .006 etc only to see it run to 20, 30 cents? Maybe $1?
There were quite a few who sold out of LZFA when it ran to .001, .005 from .0002. The bashers called it a scam.
When it ran to 80 cents how do you think those who listened to the bashers felt? Pretty crappy I imagine!!!
It's all about risk/reward ratio. I am willing to risk 2, 3 grand here to make possibly 6 figures, even 5 figures would be great. If I lose: So.What.
I obviously don't have my life savings here, and I always recommend people use disposable income for trading the pink sheets.
Yes, so far the bashers have called the 'trading' action here somewhat correctly. But I have seen that action be called 'right' by bashers before only to watch 'news' completely obliterate those predictions as a stock rockets north.
:)
