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Re: mpragmatist aka Diogenes post# 25252

Saturday, 12/22/2012 10:12:53 AM

Saturday, December 22, 2012 10:12:53 AM

Post# of 130507
Don't you question the relationship between Rainbow Coral Corporation (RBCC) and the company? If someone would want to explain why the company had to go to Rainbow Coral to get the deal that they got I'm willing to listen.

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!!!