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opportunityknocking

06/08/09 11:06 PM

#19646 RE: Gold Seeker #19645

Goldseeker, please!
<I will continue to post the facts I read about the stock and also express my opinions. We all have a right to do that. Tell me, have I ever told anyone here that they should not post? Anyone can express their opinions and if my opinion differs, I will not yell at them and state, wrong, wrong, wrong but I will just counter with facts and state my opinion.>
I am limited to 1 post a day, so I have to counter your previous statement by the following: You never supported FACTS to answer my question of how you said you lost 150,000 dollars in this stock and claimed to have lost 25% of your original investment. Again, did you purchase a million shares on the open market? Where are the facts. I also noticed another deleted post. I suppose Kag does not agree with you allowing their opinions. Obviously I am a threat when I question you. This is not the Spanish Inquisition, just answer the question. Please don't mix opinions with facts. There is a major difference between the two.
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TheBocx

06/09/09 12:46 PM

#19677 RE: Gold Seeker #19645

< All you need to do is counter with facts that this investment is not like buying a lottery ticket. Can you do that? >

Certainly. Investors made money with this company several times. For example, ALL investors buying at the end of 2002 and selling a few months later multiplied their investment by 8-10 fold. Also, this company has recovered from low share values several times and as far as I know, it has never gone into Chapter 11. It would be a different story if we were talking of a large airline that goes into Chapter on a regular basis, but that is not the history of this stock. Thus, it is statistically more probable that history will repeat itself than the alternative, going into Chapter, which BTW, you predicted 6 months ago and has not happened yet.

Those are very different odds than buying a lottery ticket.

Moreover, the odds of winning the lottery are measured in 1 in a few millions and can be calculated exactly. That are the odds for BOCX and what mathematical model did you used to calculate them?