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jolyn86

07/19/06 1:37 AM

#2010 RE: loss_slayer #2008

loss_slayer "the last stock I played I was up almost 30 percent in 2 days" "I found out the news after work I was down 12!"

Now that hurts.. I know how that feels.. I had one spike

fron .04 to .23 in one day next day back to 0.04 .. I had 50,000 shares.. Ended up getting 0.09

The bad one is to look up your old stocks that you sold

for a few pennys profit..and see one of them had went over $10.00 a share.. You never know..

Whats bad "AVTX" could be one ...??

All of us are gamblers.. Any stock is a bet..

IMO thank you Jolyn




OriginalFred

07/19/06 8:56 AM

#2012 RE: loss_slayer #2008

loss, very few people make money on penny stocks. Those who do are usually just lucky on a couple big jackpots. There are a number of reasons that penny stocks in general are a terrible investment. Here are a few:

- Many penny stocks are outright scams.

- There is a penny stock Scam Syndicate that will pump and dump in order to drain money out of the market.

- Even the penny stocks that are not outright scams tend to endlessly lose money. Endless losses means endless dilution.

- You will only hear about a penny stock when it is "hot". The few penny stocks that do offer promise will fly below the radar until the insiders have loaded up.

- A small cap company with a real business plan will attract private investment and will not have a need to go public. The good small companies end up in private hands while all the garbage gets dumped on the penny stock market.

The only real value in any stock is the dividends that it will eventually pay. The vast majority of penny stocks will never pay a dividend and never earn a profit. That means they are essentially worthless.