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Re: go bosox post# 115302

Monday, 11/01/2004 3:49:58 PM

Monday, November 01, 2004 3:49:58 PM

Post# of 359151
Apparently you don't know at all what I am thinking. I don't think you're stupid for not selling here(although if I held it, I'd be counting my blessings every morning when it opened for the day). Selling it now, will only do one thing for you, it will get you back in touch with reality.
The problem is not just owning this jewel, it's the fact that as you mentioned, you have bought many others just like it. It's the whole concept that playing penny stocks is the way to invest. It's a couple thousand here and a couple thousand there. It's the thought of investing in something that "will either disappear or multiply substantially". That's not investing! That's how people go to Vegas for the weekend. At your age, if you put your money into a decent mutual fund and it returned 12% per year, by age 63 your $10k invested in junk is worth $320k instead.
I don't know if you're banking on some huge diamond find, some miraculous SEC savior, or some wonderful pump and dump play? But what you're doing will end up hurting you in the long run, and arguing with people with more experience is what's making you look stupid. This is why I asked what you expect to happen here? Do you even have a plan or strategy or anything predetermined in the way of a target goal?
I sure wish I could introduce you to the first poster from RB, who once told me pretty much the same thing. Unfortunately, based on his last post...he had lost all his money and was planning to kill himself.

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