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Re: justrun post# 21723

Monday, 08/09/2010 11:43:25 AM

Monday, August 09, 2010 11:43:25 AM

Post# of 35802
Justrun, I trust him as well, otherwise I would have sold a couple of times already and bought the stock back. I just find it really unusual (because I have never done this before, and I am not a flipper as that is not my investment philosophy)how much money people leave on the table for pie in the sky gains. Look, I'd be lying to you if I said I haven't held out for the big payday. Who hasn't? However, aside from my blue chip portfolio which I have built over the last 30 years and created significant net worth, the more speculative plays I have taken my money a lot sooner, and of course my losses as well.

You cannot build net worth practicing this long hold strategy on penny stocks; it is the equivalent of being up big at the Blackjack table, but the longer you stay at the table your chances of losing your profits and then being down are greater. I understand the goal here and that this is an exception. That is why I have held. I'm interested in seeing how this plays out.