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Re: slim7 post# 4580

Wednesday, 09/07/2011 12:46:41 AM

Wednesday, September 07, 2011 12:46:41 AM

Post# of 6560
I really hope you will get your money back! However from my experience trading penny stocks: Don't become attached to them and cash out anytime you see a profit. There is no such thing as "lost profit". If you bought a stock at 0.10 per share and it goes to 0.115 and you sell, you still captured a small profit (relative to number of shares). If it continued on to go to 0.12, 0.13 and so on and you become bitter as to why you didn't hold... Don't be... You have done no wrong... You still made money...

However, what if you bought at 0.10 and it goes to 0.08 and you sell, sure you lost money, but what if it went to 0.07, 0.06 and so on... You get the point... Generally speaking, it takes a lot longer for a stock to rise, than it to fall. It is not always perfect, but it is a great general rule to go by.

Coincidentally, I have seen a stock with my own eyes go from 0.10 all the way to 0.0002. On same note, I have also seen a stock go from 0.01 to 10.67 a share, also with my own eyes. Now that is disgruntling... Sorry for the ramble but I had to throw in my two cents in on this.

Vires et Honos

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