InvestorsHub Logo
Followers 1
Posts 126
Boards Moderated 0
Alias Born 07/29/2010

Re: Derek2534 post# 18666

Thursday, 07/07/2011 1:05:32 PM

Thursday, July 07, 2011 1:05:32 PM

Post# of 94541
It's all good - I just don't want anyone mistaking raw numbers as the driving force to how much money can be made - it's all about the percentages (for an individual) not the actual number of the price that day. Many people forget that basic principle. You double your money every time your buy in price doubles. So it doesn't have to go from 1 cents, 2 cents, 4 cents, 8 cents, 16 cents, to double your investment 4 times, it just has to go 1 cents to 2 cents to 3 cents, to 4 cents, to 5 cents to double it four times.

This is why people try to get in so early - especially on a penny stock. With a penny stock like OPMG, a one penny difference could be $10,000+ if you got in early enough or if you invested a large amount of $.

I'm sure you know that, I just want to be sure nobody else agrees that a penny a day is insignificant to a 6 cent stock - it's VERY significant!
Dag