Brilliant Technologies Corp. (fka BLLN)

[inthemix]

We will head towards 0.5, inevitable... Well what just happened was:

There is a long history of failures in the pinks. A six year study of them found that an average of about 8 stocks per year migrate to an exchange that actually has listing requirements.

That means that out of thousands of companies over a six year period, about 48 moved to the AMEX, NASDAQ or NYSE.

The rest wallow around, changing names and direction over and over and over again. How many shares of stock would you say have been sold to dreamers for companies that never amounted to a hill of beans?

How many of those purchasers were convinced they were invested in "the one"?

How many of them were wrong? Statistics say over 99% of them were wrong. Certainly each individual thinks they are right but the pink sheet highway is not littered with success stories, it is littered with failures.

A few understand how the penny game is played. Long term holding is not how successful penny investors make money. They make money by trading on MOMO created volume. They don't give a rip about any company or the promises they make.

The long term holders usually are the ones who buy close to or at the top of the runs. In other words, the long term holders contribute to the penny investors who make money. Long term holders are what is commonly referred to as bagholders.