Replies to post #1134 on Enzymes Of America Hldg. Corp. (fka ENZH)

[doogdilinger]

Yep...that's why 90% of penny co.'s fail miserably & 90% of rookie traders lose their play money instead of making trading/investing a career or source of secondary income.

It takes years & years of gambling on penny stocks just to reach that comfort/confidence stage where you feel you at least know going in what you're facing. The majority of penny stocks have a many-headed Hydra beast always waiting around the next bend. Knowing what each head of the beast represents gives you at least a good chance of avoiding them when they strike. I often compare penny co.'s to houses of cards...meaning they're built on very unstable foundations & it don't take much to knock 'em back down from whence they came...that's why in this penny casino you trade 'em not marry 'em.

And yes there's always that small percentage out there that may actually succeed...but they grow exponentially over many months & years & you need to have the patience/fortitude to see them through...PRXI(formerly PXHB) is a perfect example of a penny stock that appreciated over 1000% over the past 2 years but finding one like that is a rarity especially when u can stumble across pos 1000% runners every week running on nothing but total hype & market momo!

[proteinspike]

Geez.. OK my bad. Wrong example.