No matter how much money one has, having over $30,000 in a pinky is simply insane, and just plain nuts!
Never listen to anyone posting on stock boards, positive or negative. Always do you own research and make your own decisions on weather or not to buy or sell.
And, NEVER put in more than a few thousand $$$ in any one penny stock...even if you're rich. It could make you broke very fast.
If you have the right stock or two, 500k shares of any one of them can make you thousands. $500 to $5,000 is possible. And if you can do that over and over again, you'll never have to risk big money on little stocks, most with no business.
I make a decent living w/ penny stocks and avoid big losses by keeping my positions at a decently small level and always taking profits. I usually keep about 25% of most of the stocks I trade after I've taken some profits for the 'just in case' run back up. I always have 50% cash as well to be able to buy back in the ones I've sold too soon and catch a second or third run. Happens all the time.
SARO can have it's run and possibly be it's 1st by having multiple weeks of up trend making many people a lot of money and most a little money.
Just my 9 cents....
GL
E
BTW, I just started posting on IHUB in the last 30 days or so but have been trading since 2000 when I decided never to 'work' for anyone ever again. Best decision I've ever made, cuz people suck and are back stabbers!!
