Monday, October 01, 2012 11:04:47 AM
As i read this board... Everyone gets out at the peak and got in at 1 penny.. A retracement is always needed and timing a penny stock will usually just lead to brokers getting rich.. My point is that panic buying or selling will leave investors broke and brokerage houses rich.. Dont believe the hype in any direction!
I got in around 3.75 (bout 500,000 shares) and will hold for at least 6 months to a year unless REAL info comes forth. Making 1 penny gains is not why I bought.. this is obviously a risky investment worthy of maybe 5 percent of an entire portfolio, but if they start digging, could easily shoot up to a dime or more.
As it dips, i will purchase more as i did this morning at 2.9 as panic sellers are an investors best friend. The stock had a very healthy bounce this morning and should be on its way back to 4 - 4.5 shortly as it weeds out all the day traders.. no biggie. If you haven't sold, you haven't lost a thing!
Good luck to all!
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