Medinah Minerals (MDMN)

[jetpilot1101]

"If you buy speculative homes from the court house steps or automobiles at the local auction, you are talking about the same thing as the penny stock market."

No you aren't. If I buy a spec home or car, at least I have the opportunity to put money in after my initial investment and repair damage or improve the asset. in fact, modt of the time, that is the very reason for the purchase. If I buy a spec stock, I have zero opportunity to do the same thing. At least a car or home has underlying value; a non-reporting penny stock has no value except for the word of the management team which is more often than not complete crap.

I can handle risk - I'm an options trader so I understand that concept well. What I don't understand is why people wouldn't want to do as much as possible to mitigate that risk.

But I suppose admitting that the penny stock market is nothing more than a rigged casino is tough to do. I prefer to stack the odds in my favor; an impossible task with pink stinkers unless you are an insider or a paid promoter - both of whom I find lower than politicians, lawyers and pond scum combined.