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Re: luckystrike post# 70946

Thursday, 08/05/2004 3:35:21 AM

Thursday, August 05, 2004 3:35:21 AM

Post# of 358440
luckystrike: Some people like to play golf after work and all weekend. Some like to play online games for hours on end. Others like to get drunk every day. What may appear to be an obsession to one person can be a hobby for the one doing it. Janice has been following pennystocks for, I don't know, since like the late 90's. Those who enjoy researching, and I think she also does it professionally too, will often lose track of time just like golfers and online gamers do. For me, I don't follow this stock 10 hours a day, seven days a week. I do like to follow and research interesting pennystocks. Many of their stories are far better than the movies today. Trading stocks also makes up part of my income. When I come here, I've got three or four windows open to other sites which is where most of my attention is on.


Re Volume on this stock: I've only seen one pennystock which was heavily naked shorted. The affected company had a very tiny o/s. If I remember right, it was less than one million shares. All the rest, where shareholders claimed naked shorting was going on, in the end turned out to be heavy dilution. Sorry, IMO this one also falls in the latter category. Almost all the heavy diluters I watched have gagged their TA to keep shareholders in the dark. They sent out streams of PRs, like this one, trying to attract buyers. When one or more MMs are sitting on the ask for weeks on end like JEFF has been doing, they're selling for someone. I don't know who it is, but I bet Urbie knows very well. Might be financers. All these PRs, drilling, racing events, and Glenn (who is not cheap) all cost money.


IMO Glenn will work for any company which pays his billing hours. If there is something wrong going on, he may not even know about it. Remember, he's in NYC, Urbie is in Nevada, and the ops are up in Canada. As for GEMM and UCAD, well they haven't really been any more successful yet than Urbie has. I read a story of a successful Canadian junior mining company. It took something like seven years for them to show the land was worth mining. DeBeers then bought them out for less than 100% markup of their stock price at the time. It's taking another seven years before DeBeers starts open pit mining there. This mining business stuff moves extremely slow.


Yes, the stockmarket is still filled with fraud. Shareholders, particularly pennystock ones, continue to get screwed. That's why IMO it's best not to never fall in love w/ any stock.

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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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