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otterman

11/12/04 11:13 AM

#7156 RE: luvthemtrainz #7155

Sorry, I keep trying to think of this logically. And I guess it all depends on what you consider a big time investor. I personally would not throw $6 grand at something that is 3 cents. And if you go into smaller lots, commissions eat up your profits. Even at an $8 commission ($16 to buy and sell) thats 34% the stock must go up just for you to break even (and most commissions arent that low).
On the other hand, if you go 100's of thousands of shares, and we factor in what many have suggested (the corporates artificially holding the stock price down so no one else can get out), your chances of making money are slim as well. If you bought exactly at .025 and sold for exactly .035 (and remember, you are trying to sell 100's of 1000's of shares AGAINST the wishes of the corporates - as some suggest (there are only so many buyers out there)) you could make 1 or 2 grand, minus commissions. But also keep in mind the position this company is in at this point of time, potentially on the verge of becoming 'less' than a penny stock. Are you willing to throw $6 grand at it? Im not. I also cant see consultants signing on, for shares as compensation, if this stock is truly heading towards a .00x price. The only logic to that is if they are looking for a tax loss. I do believe this stock will rise yet, even if it is for one last gasp before it dies. Be ready to take the money and run.

I appreciate your opinion in this trainz, and all others who comment. If the only thing we all get out of this is knowledge and experience, then every opinion counts.

I also agree whole heartedly with your last comments, what a waste. What will be worse is, another party will likely make something out of the technology some years down the road after we all have lost our investment. What a waste.