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medchal

09/14/09 5:04 PM

#276 RE: weatherdude #275

"I dunno about that." You should, if you're going to trade penny scams. With which brokers does one place stop orders on penny stocks? Market makers mostly just want to stay flat, or as close to it as they can, in these volatile situations.

"Everyone is going to make money off this regardless of whether this company is legit or not." What utter baloney. Every dollar made will be matched with a dollar lost, but the gains will be concentrated (mostly among a few insiders) and the losses will be fairly widespread. That's the way it works with a pump-and-dump.

"It's no different than buying a NASDAQ company IMO." Then your opinion isn't worth a plugged nickel. Buying penny scams bears little relationship to buying stocks listed on the NASDAQ markets or exchanges.