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Re: Gold Seeker post# 19645

Tuesday, 06/09/2009 12:46:33 PM

Tuesday, June 09, 2009 12:46:33 PM

Post# of 30387
< All you need to do is counter with facts that this investment is not like buying a lottery ticket. Can you do that? >

Certainly. Investors made money with this company several times. For example, ALL investors buying at the end of 2002 and selling a few months later multiplied their investment by 8-10 fold. Also, this company has recovered from low share values several times and as far as I know, it has never gone into Chapter 11. It would be a different story if we were talking of a large airline that goes into Chapter on a regular basis, but that is not the history of this stock. Thus, it is statistically more probable that history will repeat itself than the alternative, going into Chapter, which BTW, you predicted 6 months ago and has not happened yet.

Those are very different odds than buying a lottery ticket.

Moreover, the odds of winning the lottery are measured in 1 in a few millions and can be calculated exactly. That are the odds for BOCX and what mathematical model did you used to calculate them?
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