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Alias Born 05/20/2011

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Tuesday, 07/19/2011 12:32:36 PM

Tuesday, July 19, 2011 12:32:36 PM

Post# of 116864
Day trading in penny stocks really makes a mockery of the word "investment". Day traders have overhead expenses too, like rent and gas and groceries. then on top of that at the end of the year they get to pay Uncle Sam up to 35% of every dollar earned day trading, Ridiculous.

As the news comes in the day traders will be trading with themselves. More and more people will be holding, particularly if the first well hits commercially.

I'm not sure I'd ever sell my half penny stock, it creates wealth, I can give $13,000.00 a year to anybody I wish, I possess a lifetime gift of a million dollars. Why pay taxes, when you can create wealth, and build strong families. I can only hope this is life changing for those long and strong.

With wealth you can take out reasonable loans and write off the interest ... at least until the Dems take that deduction away too.

Be patient, ... Oiljob

P.S. Ignore the day traders !!!!!
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