The Friendly Money Making Board

[coydog]

I just saw another penny investor go down in flames. He took all the equity in his house, maxed out all his credit cards and put it all into a penny stock that could not miss. It sounds just like me 35 years ago. I lost my house, my wife and family, my health and my self respect. I think a successful gambler applying his rules has a better chance to win than an investor trying to play the pennies. The penny world is like a merry go round. You can get on and ride it up or ride it down or both. Only the people that can get off just beyone the halfway point on the way up will win to play again. Only the people that get out before the quarter pole on the downside will live to play again. My son is making money and he is only 20 years old. He sold a stock last week that went down 10 percent and took a small loss. He is dribbling shares into the run on WTVN. What chance would he have if his knowledge of playing the pennies came from reading the message boards?