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RWNW may become a +100,000:1 winner
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[QUOTE]Originally posted by STAR GAZER: [QB] About three years ago I suggested to Allstocks management that we start a $1,000 to $100,000 site. I said that we could have discussions on which stock(s) to buy and then with the $1,000 in mind, to buy one or more stocks. Then, during the year we would discuss which ones to sell and when/if we sold one, we would post the money obtained and then decide which stock(s) to buy with it. At the end of the year we would be able to show the trades made and the money that we ended up with. Instead it was set up where each week people would suggest stocks to buy, but there was never any specific portfolio made where we said this is what we decided to buy with our $1,000 and here is how it is doing, so basically it ended up being the same site as the micropenny site, and a while back the people that had been chosen to run it decided to abandon it. Since the site was my suggestion, I was originally asked by the Allstock management if I wanted to run it, but since I work full time and on different days of the week, including the week end a lot, I said that I would not have the time to be in charge of it. Since it has been abandoned, we can restart it anyway we want. If some one wants to make a portfolio with a make beleive $1,000 where we discuss stocks and then pick one to three to buy with the $1,000 and then keep track of them and decide when to sell one or more and then as a group decide which stock(s) to buy with that money. And continue to sell/buy for the year till we see what we end up with, then that would be interesting, but I have no idea how we would set it up so that we would decide which stock(s) we were buying. Maybe make a list of the stocks and vote on them and narrow it to the three with the most votes and then vote on those three and if one of them got over 50% of the votes we would buy it, or if two got over, say 70% then we would buy those two and if not then we would buy all three. But since I'm not sure how we would do that, I am putting $1,000 of my own money aside and I will use that as a real portfolio and keep it updated here. Everybody can add suggestions about stocks to buy and I will use them in my decisions. There are a lot of good stocks to choose, but since we want to turn $1,000 into $100,000 this portfolio will probably have to be from a somewhat speculative universe of stocks. So I have decided to start off with RWNW. The stock went from $.4 to .$002 and then after the 400:1 split it went from $.68 to a low of $.0035. So that means that it went from a pre- split price of $.4 to $.00001 The following chart gives you an idea of what that looks like. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=rwnw&sid=0&o_symb=rwnw That means that even if it goes up by a factor of 100x (which would bring the $1,000 to $100,000) it would still only be at a pre-split price of $.001 And if the company comes through with any of the things that they are trying, then it has a realistic chance of getting back to that price. For the moment the stock seems to have formed a base in th .0065/.0035 range and so I have put in a buy order to buy the stock at .0035 I don't know if it will come back down to that price and even if it does, I don't know if my order will be filled. If not, I can always try for a different stock. (Of course, it come back down to the .0035 price and keep going down from there. If it does, I will have to decide if I want to sell at a loss.) I will keep you updated on what happens. If any one else wants to, they can also start their own portfolio and keep us updated on how it is doing. [/QB][/QUOTE]
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