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PaperProphet

04/14/09 12:12 PM

#5558 RE: dombono #5556

Good luck to you. Keep in mind that this stock has been under a massive pump for the past few days including Google sponsored links and spams. That created a lot of temporary hype and that's rarely sustainable.

If you start seeing it drift downward from here then it probably isn't a good time to be averaging down.

It would be worthwhile to wait until the company does something which can be considered useful before considering a buy. So far they've fallen short of doing anything but pumping their stock. It's hard to find value in penny stocks but fraud certainly is rampant. Magnum smells like a run-of-the-mill fraud.
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fsmith1952

04/14/09 12:18 PM

#5560 RE: dombono #5556

Wow... light has gotten a LOT closer and brighter for you! Looks like today has finally hit a slowdown after the last few stellar days. That $1 mark is going to be a huge test here. Wondering where all the new blood has come from and what their tolerance for unbridled enthusiasm is... before profit-taking pushes us back down a bit... or a lot.
Clearly we need some REAL and SOLID news to keep this moving upwards... or we're going to see this race on back down to much lower levels.
We got big tires ain't gonna cut it. Need to see revenue producing news...contracts or mergers/acquisitions of revenue generating entities... or we're in for a quick trip back down the ladder.