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Saturday, January 16, 2010 8:48:23 AM
Why? They put their money in a high risk investment and decided to take the partial loss versus holding for the win or losing it all.
It is extremely unwise to put your life savings into a high risk penny stock.
The capitalism you love is doing its job - efficiently allocating resources (in the form of the lost money) to a high risk company that may yet create value. If it doesn't create value then all remaining investors will lose their money and will be less likely to allocate more money for this kind of thing in the future thus making more money available for some other technology.
Give us this day our daily bread... and lead us not into temptation (ie don't be a greedy fool)...
I do not have a premium acct, not sure getting one is worth what Ihub wants. If you PM me, include an email and I will reply.
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