Replies to post #15580 on Cannon Exploration Inc. (fka CNEX)

[Carnac]

Not me, This is a pennystock I would not even have all of my investments in one of these.

[Citrati]

Are you willing to put your 401-k in a no-limit hold-em game? How about all your investment capital on lotto tickets? There is no riskier investment than pinks. All your investment capital should not be in pinks either. There is also a lot of money to be made here.
.
#1 rule is capital preservation.
#2 is live to fight again
You can make a lot of money and still follow those rules.

[Doc Holliday]

You just said it "risk" Anyone who risks everything he has on one penny, no matter what that penny is will eventually take a massive hit. Pennies are not only about risk, but about calculating every move you take. If you go in them with a shotgun aproach shooting at what comes along hoping to hit a hot one, you will get butchered. Pennies are not only the most riskiest place in the market, they are also the most corrupt. Pennies are loaded with a lot of surprises, and in time to can spot most of them coming ahead of time. The ones you can't spot ahead of time you have to respond to instantly when you become aware, or get your throat cut. You ask, "How many of you would be willing to risk your entire 401k balance on this stock if it meant being able to retire early." Not one person on this entire planet can garentee that any stock will bring anyone into retirement. No matter how good a stock looks, the future is speculation. I've seen a penny with a $1 billion contract with the government take a dive and never recover. So to say something is for sure in the market is not wise talk. Risk an entire 401k in a penny? You have to be kidding.

CNEX is a great stock. But to shove an entire 401k into it is irresponsible.

[GiveMe_Space]

Hey SC, personally, I wouldn't do it. Nothing against CNEX, just believing you need a safety net, because the market is soooo unpredictable in my opionion. With that said, CNEX will be good and heading up...just protect your wealth.

GM_S

[iman1000]

On a pinksheet stock..... I'm the same age and I put abt 15% of my saving at this, so even if it doesn't fly I can still invest in the stock market without panicking and chasing another CNEX and if it does hit it gives me a huge gain for further investment. I really believe in CNEX all signs point to this stock being a winner but only you can make that decision. Best of luck!

[poor broke bloke]

Not all of your

401k dude. If you lose it all, it's no fun trying to rebuild it: TRUST ME.

If you lose it all, then "silly" things become more apparent as to where you money goes, "silly" things such as a home, a family, a car/truck, a nice family vacation, a retirement, a college education, etc....


Bottom line, don't use it all, unless it's less than $4,000 or you can max out your contributions each year, and still have enough to pay for those silly things.

Many want to retire early, but few can do it.