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Re: 69 hemi charger post# 142093

Saturday, 07/31/2010 12:23:18 AM

Saturday, July 31, 2010 12:23:18 AM

Post# of 241506
Well you missed the nail, hemi.

Putting your money into what you feel is a scam is a crap shoot at best. More than likely, if it's so obvious to you that it's a scam, then most other "players" in that stock will share that sentiment.

These stocks often become a race of who can get in the front of the queue at a bid that's hopefully near an intra-day bottom so that you can hopefully be near the front of the line to sell at the next uptick. Either that, or you can take your chances of playing the chart and holding for a couple of days. Just be warned that you can quickly be down 30% from where you purchased those "cheapies" if VERT happens to jump down right in front of your sell order, diluting the float by another 50% in a matter of hours.

At least there's a chance that you make back some (or all) of those loses in a legit company w/ a legit business plan. Not so much with a scam. You're at the mercy of scumbag stock-promoters w/ the always imminent threat of even more dilution and reverse splits.

They make for exciting day-trades, I'll give you that. But these things will screw you so hard if you aren't on your game that you'll regret not applying any KY with your buy order.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y