Tuesday, December 13, 2011 3:57:39 AM
Penny world doesn't exist for real, unless you pay for your day pass. I took my family to Disney World in the 90's. I assumed it was a good deal until I paid our tickets and went in to confirm. It turned out to be well worth the investment for a 3 day high.
I recently took a shot at AMWI, and while shorts, longs, and clueless newbies all had opinions and dollars flying, I bought in at .16, .37, .57 but had the "uncommen" sense to bail at $1.36 and downward......after the lawsuit crap was announced (be it true or not).
Probably the best move I have made in pennies, regardless of management's motives. You, me, Alwaysright, driller, etc. really have no influence or magic charts that will determine your fate. It's like picking the Derby winner in the past 3 years. Who on this board ever thought that Mine That Bird, a 50 to 1 long shot would clean up in 2009?
I view this underground penny stock world as I viewed walking the boardwalk in Ocean City, Md. with my kids years ago. When you come to the Horse Race water-pistol booth and challenge some other well-meaning father for the 30 cent stuffed bear for his kid, it was hit or miss. I was pretty darned good actually. But the kids don't even remember the toy I won for them anymore.
I want to win, and figure that the odds of the masses winning here are slightly above or about the same as the horse players.
Greed, sadly takes lead in our actions.
I, like you, will keep watch, and wish for all to excercise common sense. Buy low, sell high! GL
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