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Re: stockmule post# 20519

Monday, 01/20/2014 8:06:11 PM

Monday, January 20, 2014 8:06:11 PM

Post# of 23105
Probably a wise course with pennies is to have some small positions where the risks are great but the odds are greatly in one's favor. I think that IDLM at 5c is very risky, but the odds are greatly in one's favor.

A 100K position costs only 5K at 5c. I think there's much better than 50% chance of selling that at 20K, but also enough chance of loss that this is not a bet the farm situation.

And as for buying 1M, I think that anyone attempting to do so would drive the price back up to 15c at a minimum -- not that I expect anything to happen until after March (due to the 90-day window).

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y