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Replies to post #2473 on The Hall

Replies to #2473 on The Hall
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ILVMNY

02/14/10 3:05 PM

#2479 RE: KingofPennies #2473

It probably has what? 500 billion O/S? I wouldn't mind putting a few hundred in if it went to .002, but if it has too many shares outstanding.

I spoke with a Scottrade rep the other day, and I have the margin application ready to fax. That's what prevented me from getting in the contras with unsettled funds because they are so volatile.
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ILVMNY

02/14/10 6:41 PM

#2480 RE: KingofPennies #2473

I think what these pinkies do is they try to do things to gain some sort of credibility, and they also allow the stock to have a couple of runs, by whatever method, and then people are forever hooked on them waiting for another big run. They don't want to be caught out of the stock. They keep averaging down and encouraging new investors in.

Then the company can forever pump and dump and receive a nice salary. I doubt 90 percent of them ever care whether the business is ever successful or not.