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Wednesday, December 03, 2008 2:49:26 PM
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What's going to happen to the stock price when you run out of money and remove your buy order at 0.004?
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My response was as follows:
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Even when I wasn't buying, relatively few DNAG shares were sold at the low of .0002, and none were sold cheaper than that. One reason I didn't buy for some months, was, I wanted to see how the stock would behave, without me in the picture. I also was waiting for a great opportunity to average down, which, of course, I received.
It's all about risk VS reward. I view this as an extremely undervalued stock, with high risk, but even higher potential reward, that more than makes up for the risk (especially if diversification and other prudent investment strategies are employed.) With stocks that have (for example) a 50-50 chance of either blowing up or gaining 1000% or more, it only takes a few of those in someone's portfolio, to make a _lot_ of money. Simple mathematics. I think DNAG is an extreme case, with better than 50-50 odds of success, and much greater than 1000% gain potential. Hence, it's my favorite stock. Risky, as I said. But very attractive to investors such as myself, who aren't blindly scared off by risk.
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Link to this thread:
http://finance.google.com/group/google.finance.717321/browse_thread/thread/961b31a5e61161bc/67776bba7394863a
Note: There has been a lot of buying volume, since DNAG lifted off the .0002 bottom, that came from other people buying. (I'm definitely not the only buyer.)
Good luck to all DNAG shareholders,
Daniel Gannon
Portland, Oregon, USA
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