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kidnova

10/15/10 9:33 AM

#33475 RE: CaptainFreon #33474

This is the mistake that people who get caught up in these scams fall for over and over again. It can go lower, and it will go lower. Within the next year they will do a massive reverse split of 100:1 or more. Those who hold through the split will immediately lose up to 90% of the value on their shares within 48 hours of the RS. Go take a look at the BBDAD board if you want to see what happens to people who hang around based on the "it can't go any lower" theory.

The only people who make money on these stocks are those who buy in after the RS and sell before the pump is over.

ckaminsky

10/15/10 12:47 PM

#33481 RE: CaptainFreon #33474

You dumped FORD to buy Thresher?
I dumped Mechel for the same -- a stock which would have gained me +300% since last year, but am now seeing my third near-100% losses in that same period.

I should've stuck with my gut, "Buy Russian!", even though I thought the US economy was recovering.