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Acumen

03/18/10 11:00 PM

#120543 RE: dabug #120540

"Every once in a while...hope wins"

Historical Penny Stock FACT: Not when Jonathan Leinwand is involved.
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Jetmek_03052

03/19/10 8:01 AM

#120554 RE: dabug #120540

Dabug, I'm not buying it.

You are basically saying that its logical to knowingly risk all, when there are investments out there which give you a much better chance of making a profit - with much less risk.

I invested in GE some time ago. At one point I reached my predetermined loss point and sold out of my position. Then I bought back into it MUCH lower. Now I am up well over 80% return on my investment. How much chance was there that I would have lost all my capital investing in GE? Almost none!

I also invested in Intel, Micron and MEMC Electronics. I am up on all those big companies. Again....how much risk was there in losing ALL my capital? Very little.

I appreciate the fact that you take risks in the penny market. But even in the penny market, I'll bet you could find a better risk than SNSR.

I even still have a penny in my portfolio....RTGV. I bought it 5-6 years ago...then it lost so much value that it would have cost me more in brokers fees to dump it than it was worth. I just kept it . Now it looks as if it's alive again - although I don't expect much from it. I have elevated my investment expectations ABOVE pennies.

Don't feel bad for me. I sleep very well at night. I'm not frustrated by a company like SNSR, who produces nothing for thier shareholders. Many here HAVE to be wondering HOW MUCH LONGER SNSR is going to flounder around......no product, management changing all the time, more share dilution, no contracts, SEC investigation still going, looks like Huff is going to name MORE names (possibly current officers?).

The list goes on and on. You could have found a better penny to believe in.