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Re: stockchaser post# 15580

Monday, 05/31/2010 1:29:28 AM

Monday, May 31, 2010 1:29:28 AM

Post# of 47116
You just said it "risk" Anyone who risks everything he has on one penny, no matter what that penny is will eventually take a massive hit. Pennies are not only about risk, but about calculating every move you take. If you go in them with a shotgun aproach shooting at what comes along hoping to hit a hot one, you will get butchered. Pennies are not only the most riskiest place in the market, they are also the most corrupt. Pennies are loaded with a lot of surprises, and in time to can spot most of them coming ahead of time. The ones you can't spot ahead of time you have to respond to instantly when you become aware, or get your throat cut. You ask, "How many of you would be willing to risk your entire 401k balance on this stock if it meant being able to retire early." Not one person on this entire planet can garentee that any stock will bring anyone into retirement. No matter how good a stock looks, the future is speculation. I've seen a penny with a $1 billion contract with the government take a dive and never recover. So to say something is for sure in the market is not wise talk. Risk an entire 401k in a penny? You have to be kidding.

CNEX is a great stock. But to shove an entire 401k into it is irresponsible.

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