Replies to post #87447 on KMA Global Solutions International (KMAG)

[DiamondFire]

Well - a few things then Samson77777777777 lol:

Depends on what kind of personal income you have, your job - your amount of risk you are willing to forgo.

ITS NEVER GOOD TO PUT ANYTHING ON A CREDIT CARD - period. I think we can all agree on that.

But I would be a hypocrite to say that I have not done the same.

My cautious advice to you is no - don't buy any shares of any company on a credit card lol!

...be happy with the 100,000 you have bro - imo hold for long cause that could turn into much more...and that's what this is all about: ANY gain is good, and I think you will find these shares you own will exemplify this...

[GreenMan]

I would not borrow money from a credit card to invest in the stock market, and most definitely not in pennyland. Yes, KMAG is a rare company in the pinksheets and all the DD confirm that. I have been happy to put my hard earned money into KMAG and am confident long. But anything can happen in the wild west of stocks. Nothing is a sure thing, so going into debt to buy stocks (especially if you're new) is often bad news.

Borrowing to buy stocks also shows that you may not have the patience it takes to be an investor, and that you're hoping that you can make a ton of money so quickly that you'll pay off the credit card and be way in the plus side. This is dangerous thinking.

You have 100k shares. Be happy. Be patient. Financial health includes being debt free.

GreenMan

[Johnny4profits]

It's crazy and insane! Or............

You have to figure out your own answer on this one. I'll tell you something that you most likely already know, we all have our own level of risk tolerance. Call it a DUH DUH moment. LOL

As for myself, one time my wife and I bought our first piece of property with a Gold Credit Card that she had applied for. We didn't have any credit at the time, good or bad. Went to the bank and cashed it for five grand for a deposit on five acres on high ground fully forested with a variety of trees and that piece of property remains in our family to this day. I get my own wood for winter, have deer, bobcat, cougar, porkupine, raccoon, owls and eagles all making their trip through my place.

I used to love telling the story as peoples eyes would go adrift as they considered what a fool I was. Never mind that I have my own quarter mile track and archery range. So who is to be the judge and who should be anyone's adviser.

I've always heard that it was a fools game to spend money you didn't have in the stock market, whether blue chips or sub-penny. But it could work out and we all know, no risk no gain and the fortune favors the bold. A person just needs to have the other side covered somehow if they made a mistake. Can you cover it if it goes South? If so, no one can make the call for you.

As for KMAG or any other notable position, there is a whole lot that investors don't as a rule know about the inner workings of a company and what may transpire downstream. Take my situation for a moment. I decided to sell a week ago as I wanted to reserve some cash and thought that there was a strong possibility that KMAG would fall back some on Friday. Didn't happen! It's almost doubled since last Thursday a week ago. So much for the good sense of my ten years or more of sub-penny trading.

I say to myself, walk on by man. Be cool, take baby steps and don't let greed become your mantra. And then I may or may not listen. Heck, I know what I'm into in these markets, just not always how to call it. But that is part of what I am into. Good luck to you. http://www.traderslibrary.com/

Am I crazy or sane?

I am new to investing and I initially bought a small amount of KMAG (100,000) shares at .004. For those much more experienced (low man, diamond fire, smoke em), I have a question. I didn't have any more cash on hand to buy KMAG, so I decided to do a cash advance of $7K from a credit card which should post to Ameritrade next week. I am planning on buying up anything I can under .05? If you were me, would you be happy with what you got (100,000 shares at .004) or load up anything under .05 with leveraged money (credit card)?

Thanks!

NOTE: IMO is not intended as investment nor legal advice. Be careful as you may lose your entire investment. If you need help, you may wish to get professional help. This is BLOOD SPORT!


BE SURE TO HIT YOUR "FOLLOW BOARD" IN SUPPORT OF YOUR KMAG STOCK INVESTMENT. http://www.otcmarkets.com/stock/KMAG/quote