Saturday, November 08, 2008 8:40:55 PM
"If you want to buy it today and sell tomorrow, you're in the wrong GAME here. GUTTS to hold"
In fact thats the only game a trader can play in the pinks with any real hope of winning.
The lack of transparency and little to no regulation, makes "investing" in pink sheet penny/subpenny stocks something beyond foolish. Even as a "gamble", your better off playing slots.
To simply "hold" a stock like RMDM, or worse, to "average down!!!" during its protracted death spiral is just plain dumb. And anyone too lazy to do minimal DD on the architects of this scam, deserve to be flipped on.
Of course, flipping presumes a "bid" (ie. an offer to buy this POS), in the absence of which no one need worry about flippers.
They're making money somewhere else.
In fact thats the only game a trader can play in the pinks with any real hope of winning.
The lack of transparency and little to no regulation, makes "investing" in pink sheet penny/subpenny stocks something beyond foolish. Even as a "gamble", your better off playing slots.
To simply "hold" a stock like RMDM, or worse, to "average down!!!" during its protracted death spiral is just plain dumb. And anyone too lazy to do minimal DD on the architects of this scam, deserve to be flipped on.
Of course, flipping presumes a "bid" (ie. an offer to buy this POS), in the absence of which no one need worry about flippers.
They're making money somewhere else.
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