Replies to post #82247 on Strategic Asset Leasing Inc (fka LEAS)

[malamutus]

2 more things I have learned in the penny market.

1) Never tell someone that is "now a good time to buy". Unless you were incredibly lucky, this was probably being said at a much higher price. Eventually you may be right, but how many people bought it at a higher price and are now down? NO one can predict it's a good time to buy (I want that crystal ball if you have one), and it can always go lower, even at .0001.

2) Never get your relatives / friends in on a "sure thing" penny.

All these are usually done with good intentions (unless of course the person is thinking they can pump up the SP on the backs of others), however the statements usually end in a disaster.