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Re: YoungBulll post# 41234

Monday, 01/06/2014 1:52:07 AM

Monday, January 06, 2014 1:52:07 AM

Post# of 120682
pitfalls of telling friends and relatives to buy a stock. I told my brother one time to buy a stock that was trading .0001 x.0002. I told him to buy it on the bid .0001 and he would get filled. The stock was to do a 2 for 1 split and it would result in a 100% gain min because at the time you could not enter more than 4 decimal places. It split and the price closed .0001x .0002. We doubled our shares and were up 100% at .0001. I told him it would then run to .001 and to sell it on the way up above .005 to .009. It went to .0011 and I sold 24 mil at .008. A couple weeks later I get a call from a friend that my brother had told about the stock. He bought it after the run to .0011 while it was coming down the back side at .006. I told him to dump it immediately. He didn't a year later it rs a few times and he lost $4500. To this day he is still pissed at me yet I never spoke with him about buying it. If you want to lose friends make some stock recommendations to them. They will look at it for a while and miss the play. If they do buy it right they won't sell it right. If they do and make money the first time they lose its all your fault.

I told the guy that lost $4500 take your lose like a man and move on. $4500 is chump change if you flipping 3X leveraged ETF's with 1000's of shares you can make or lose that in seconds. Amazing his wife is pissed at me as well I was best man in his wedding. Stock market especially pennystocks are ruthless. The pot sector is really hot and will be for sometime. I'll Enjoy it while we can then go back to 3X ETF's

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