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thereonlyshares

06/13/08 12:53 PM

#18791 RE: cqrtdoc #18790

One thing I would like to point out
I notice many question why someone with money/intellect would buy a penny stock. I also have many other stocks - but at the same time throw money (after doing research) at penny stocks
The reason (and maybe the reason doc does it also) is taking profit from other investments that earned 10-20% and attempting to make 500-1000% or more on money that is not needed is how the rich get richer. Example - I owned GMO (a mine)at .18 threw 3K at it after visiting it and making sure it was there, work being done, etc. it went to $12 - sold at $9 but made 150K. An investor can throw money at 10 of these and do research - some will still go to -0- but if one sticks, you have made a fair amt of money. This can not be made by investing in sound companies over a long period of time. I always take a portion of profit and put it aside for a few risk oriented stocks. NSOL is one - I can assure after talking with many and the people involved - that it is not the same co as it was prior - and the silence now is more expected.
It may not work, It may not go thru, But as far as risk vs reward in the current environment and the current circumstances - It is worth having a position in at .16
Good luck to all
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amarkiii

06/13/08 2:46 PM

#18801 RE: cqrtdoc #18790

Speaking of scabs... what an apt description of this poster.