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Saturday, December 22, 2012 10:12:53 AM
Don't feel badly for me having sold. For someone to make the same return that I did if they bought now at .064 the share price would have to go to .22.
Obviously I've got a few limit buy order sitting at what I consider to be a reasonable re-entry point depending on what the news is that heads it in that direction and I may re-enter at a higher price based on the same observation.
Volatility in penny stocks is to be expected.
Earlier this year a gold mining stock, NSRS, with 660,000,000 shares outstanding went from a few cents to over $1.70 in ten trading sessions. The market cap was in excess of $1 billion dollars. Those that owned it at a few cents did very well. Those that bought it on the hype not so well. Check where it is today.
A "Merry Christmas" to all and to all a good night!!!
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