Replies to post #29129 on Sack Lunch Productions Inc (SAKL)

[bar1080]

My "guide to stocks" was to have spent many thousands of hours studying business, law, accounting and investments in general. I started when I was 19, decades ago, even before law school or taking undergraduate accounting.

How much effort did you spend in research before buying your stocks? Read my posts on other boards, especially on IHUB's two Berkshire Hathaway [Warren Buffett's firm] boards I mod where I try to set out the essence of prudent long term investing... the kind of investing that works.

BTW, my own portfolio -- all dividend-paying blue chips -- is at record high along with the broad stock market. How are your SAKL and other pennies doing?

[bar1080]

Perhaps the most respected book on investing is Ben Graham's The Intelligent Investor, described by none other than Warren Buffett as the "best book on investing ever." It's easy and interesting to read even though it's used as the primary text in many college Investing 101 classes.

I might be mistaken but I vaguely recall that it has a chapter called "To Da Moon with Penny Stock Hundred-Baggers." SAKL is mentioned... I think. Buffett's credentials on investing include his wealth: about $70 Billion.

He's the great investor who ever lived, by far.

[benosufan]

It's a penny stock...Lots of manipulation from all angles. More convertibles is the wrong direction and everyone knows it. Lots of people lost money here yet many made out well because of the huge move to 15 cents then selloff/rebound to .09. There has been and will continue to be dilution. It's no secret...especially of you follow surber stocks.