Medinah Minerals (MDMN)

[jetpilot1101]

Dollar cost averaging in the pink sheet market is a recipe for disaster. Throwing good money after bad is never a good idea and probably the single worst when dealing with pink stinkers.

The average penny investor can make 100 trades and lose just as much as the guy on the house. The guy who bought the house still has some value (e.g. land) whereas the average penny investor will be broke with a lot of worthless toilet paper. I'd rather roll the dice and own something tangible than roll the dice in a rigged casino run by frauds, conmen and general malcontents.

I don't rant about losing money on pinks - I don't trade them. My beef with the pink sheet market is the rampant fraud that is ignored by those people trying to strike it rich. I prefer to work for my money and then make wise decisions. I haven't always made the best decisions (I got taken by the pink sheet conmen on a few occasions) but I do learn from my mistakes.

Do what you will with your money. Nothing in life is free, it comes at a cost. In just about all instances, the naive shareholders of pink sheet scams bear the cost while the scammers run free with their ill-gotten gains.

But by all means, let's keep this institution of blatant fraud operating; after all, it produces untold numbers of millionaires...just the wrong kind.