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Re: imgoingfishing1 post# 1953

Saturday, 03/02/2013 12:41:41 AM

Saturday, March 02, 2013 12:41:41 AM

Post# of 4164
IMO, the way to play pennies like Ghana Gold is to sit out the pump and dump stage or take a very SMALL position (get foot in door), then sit back and wait until the stock falls 50%-99% and see what the company does with the money it had raised during the pump. If it shows potential, then add more. If the money is going to support the lavish lifestyles of management (using shares as their personal ATM machine), then dump and get out.

I don’t consider stocks like these as investments but more of something I would spend my poker money on. I’m either going to lose it all or walk away with a 10-20 bagger.