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Crow3

10/28/11 1:28 PM

#36110 RE: Crow3 #36109

Sorry to have yanked the HUMOUR out of my past few posts. I will now try to entertain you by jousting a bit with the STREETIES..provided that they give me any worthwhile ammo to do it with.

pennstreet

10/28/11 7:16 PM

#36117 RE: Crow3 #36109

Crow3:

Careful about talking about boca raton, that is where your xenophone's stk_distributor@yahoo.com resided fer awhile, lol.

You said " ANY long term investment in a penny stock is insanity "

Well, If you look at a long-term stock chart, you can get the impression Intel was a penny stock, because the chart is adjusted for splits. If you bought one Intel share at any time in the 1970’s, and put it away, you now have 96 shares thanks to splits.

The lowest split-adjusted price I could find was 16.1 cents on Sept. 17, 1974. But the actual price someone paid that day was $15.50. Someone who specialized in penny stocks, sometimes said to be shares under $5, although now they are usually under $1, would not have bought Intel at any time in its history.

Is Intel to much a stretch? lol!!!

Maybe this one: Fortescue Metals Group was an Australian company trading under 3 cents back in 2003, they’re now producing 100 million tonnes of iron ore a year. They might not be a giant blue chip yet but they’re on the way. Latest price was $7.50

I know, you forgot where you enter search on your computer? lol.

da hollow drum digger,

Boo!

~~keepingitreal