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[QUOTE]Originally posted by permanentjaun: [QB] Yes Abex, but my point is many pennies have good plans and look great. Even if they get the HP Hood deal, they'll double, and then what? Profits are taken and there are more bag holders. it's a typical penny story. Until a penny is shown to be in a long term uptrend, why invest into it? Those cases are very few and far between. If you're into investing, pennies aren't the best places to put your money. Even if the company does well, traders could still keep it down. As a penny it will experience remarkable gains in considerably short time periods. Who would not sell a position after gaining 10,000% if not even just 1,000% on a play? Most likely, people will take profits, volume will leave the stock since most people don't invest in pennies, and no uptrend will be made. Unfortunately thats the reality of pennies. Take a look at WDAM. If you check out the PR's it puts out you would not expect the company to be in much trouble. The stock is a different story. Long term downtrend for years with occasional pops. Thats what happens with pennies though. Volume comes in and volume goes out. Investing in pennies does not work. [/QB][/QUOTE]
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