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Re: gsxman post# 11593

Monday, 09/13/2010 11:41:00 PM

Monday, September 13, 2010 11:41:00 PM

Post# of 13439
Good luck to ya bro. I have been where you are at and it is very difficult. I have alot of knowledge about penny stocks, charts, market makers and level 2. I can tell you one thing and that is making money down here is very difficult.

A few years ago I bought into a stock before a reverse merger and my 2K investment turned into over 200K on paper. Of course the stock had I had was restricted and by the time I could sell, it was worth less than what I paid for it and Scott Trade never made good on what was rightfully mine.

IMHO the whole thing down here is corrupt. I honestly have studied these stocks for years and even when I knew I had the right timing with level 2 and watching the ticker still lost money in the long run.

You can make some bucks short term but in the long run your better off staying out of these pennies.

Good luck to BUGS as I believe they do have some good technology but I am not sure if they have the capital and expertise they need to make this thing go really big.

Take care guys.

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