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Friday, August 27, 2010 10:31:55 PM
EFLN seems to have a solid base and good concept with money making potiental if the concept takes off and they actually get some contract business. Are they trying to get that business or just pump us full of PRs that are meaningless to make some money off the week. I do believe it is a long play and if you are looking to flip you could possible do that productively if you have enough money to play the 1% to 2% flip. Many people day traders will flip a penny to make 50 to 100 bucks a wack which i find ridiculous but as many here have said if you do that on two or three stocks a day that is 300 bucks a day times 5 is 1500 bucks. I am not a flipper so I am not sure how all the taxes work but as you know a huge amount of people make substantial living flipping penny papers.
All this is my opinion but like you I was a 10 to 15 % gain guy on the big board but here if you wait for that gain you may be here years if you pick the wrong stock, or if get lucky and pick the right one you could go up 5000% in 2 hours.
GLTU and lets hope ELFN is a winner!
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