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Re: banyon post# 104176

Wednesday, 12/01/2010 11:12:02 AM

Wednesday, December 01, 2010 11:12:02 AM

Post# of 111729
Wrong! Many novice traders play into that theory and then it easily goes down 25%, 50%, 75% loss from here. The upside potential is at a very high risk from here with a company such as this. Just because a super sub-penny pinky is at .0004-.0005 does not make it a "cheapy" or a "good gamble" but many times just the opposite. Most of the "current shareholders" have lost so much, that many just have nothing in value compared to what they payed and really just get stuck in the "hope" mode and need astronomical percentage gains just to get even.

Happens all the time with these pinkies all over these boards, people marry a stock and no matter what BS the company does, the "hope" and inability to accept the loss takes over psychologicaly and these garbage companies and promoters take advantage of that. That is how the game is played.

There are literally thousands of pinky stocks in this price range that just keep diluting and failing to make "profit" (including .0001 pps where everyone is screaming "manipulation", "cheapies", "upside potential", and statements like "how can the company continue to sell at these prices, doesn't make sense").

Along with the fact there are just too many stocks out there that trade better to choose from. But maybe there might be a trade, but short term trading will make even more bag-holders for in order for a short term trader to make money there has to be a loss from someone.

This is nothing but what has happened historically with this stock. Just look at any chart, notice the spikes, and think of all the "new" buyers that are now at a loss by believing that the pps was low and the "upside potential" was great. In a shell game that this company is playing, shares are never "cheap" nor is any longer term upside good odds. One might take a hard look at that.