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Author Topic: Are Penny Stocks Dying Out ?
Uncle Smelly
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It seems to me like more and more penny stocks are just sinking to oblivion. Runs are not as frequent or last as long as they once did (1999 - 2006). The volume is decreasing. What do you all think? Is the Penny Stock Market headed for the end?

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Low Bawler
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Would this help Penny Stocks?

http://www.iht.com/articles/2008/01/30/business/sec.php

American small businesses gain better access to equity


By Brent Bowers
Published: January 30, 2008

Under the changes, which were approved by the commission on Nov. 15 and are retroactive, the investors must wait only six months to sell the securities and can part with them all at once.

"The changes will likely make private placements by smaller publicly traded companies much more attractive to investors," said David Danovitch, a partner at the Manhattan law firm of Gersten Savage who specializes in securities laws. "When the credit markets tighten, people run to the equity markets, and now it should be easier for companies that are starved for cash to tap into them."

Two years ago, Danovitch said, the SEC relaxed the rules governing registration statements filed by publicly traded companies with a market capitalization of $700 million or more to give them better access to the capital markets. Now, he said, it is extending the benefits to smaller companies.

Investors will also gain a greater degree of liquidity and thus a better chance of making a good profit.

"Smaller businesses are a critical part of our nation's economy," the SEC chairman, Christopher Cox, said in November in announcing the unanimous vote to make the amendments. He added that the new rules would "make it more efficient for companies of all sizes to access the private markets."

One entrepreneur who is delighted with the changes is Ian Warwick, chief executive of the Aftersoft Group, a $28 million maker of software for car repair shops, car parts distributors and other car-related businesses.

Aftersoft originated in Britain, entered the U.S. market in the early 1990s and is now seeking to expand. It is No. 1 in Britain, with 68 percent of the automotive software aftermarket, as it is called, and is hoping to achieve the same status in the United States within two years. It now holds a 12 percent share.

Warwick said his company's software could be used in other industries.

"We could expand to the lumber industry, the plumbing industry - the possibilities are endless," he said. "We have a very aggressive growth plan."

To achieve his ambitions, though, Warwick, 48, needs to raise money.

"We spent the better part of last year raising funds," he said. "It would have been a much quicker and more efficient process if the new rules had been in effect."

He said he expected to go back into the market late next year. Before doing a private placement, he says, he wants to get Aftersoft's stock price up to $2, from about 30 cents a share today. If he succeeds in increasing the stock price, he will seek to raise equity to do a spate of acquisitions, perhaps shooting for as much as $100 million if he decides to make a takeover bid for his major competitor, Activant Solutions.

The global effect of the looser SEC standards is anybody's guess at this early stage.

Brian Overstreet, president of Sagient Research Systems in San Diego, said its PlacementTracker service found that the number of deals in the United States involving private investment in public equity stabilized last year at 1,378, compared with 1,343 in 2006. The funds raised, however, surged to $81.5 billion from $28.3 billion.

He attributed about $40 billion of the increase to a frenzy of transactions by big investment banks in the last four months of 2007, aimed at resolving their subprime woes. Even taking that factor out the equation, though, he said, an increase to $41 billion from $28 billion was significant.

He cautioned, however, that most of those deals were made under different and more investor-friendly terms than those of Rule 144, and thus were not a barometer of future Rule 144 activity. Still, he said, the changes approved by the commission were bound to prompt more small companies to turn to the rule.

People are just starting to price deals under the new regulations, according to Danovitch of Gersten Savage. And while the change will make it easier for small-capitalization companies to gain access to the capital markets, and to do so on more favorable terms, it is not clear how much more money will flow to them.

"I'd say the companies that will benefit the most from the changes are those with a market cap of less than $100 million," Danovitch said.

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I think there's been a mistake...

Did you say steak?

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hedfe
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well i remember this site used to be crammed with posts, now its dead, where'd everyone go? [Big Grin]
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Uncle Smelly
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quote:
Originally posted by hedfe:
well i remember this site used to be crammed with posts, now its dead, where'd everyone go? [Big Grin]

They all lost their money, lol
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Homersbud
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quote:
Originally posted by Uncle Smelly:
quote:
Originally posted by hedfe:
well i remember this site used to be crammed with posts, now its dead, where'd everyone go? [Big Grin]

They all lost their money, lol
Yup, they sure did. When I joined this site in '05, this board was hot. Every couple of seconds there was a new post, now we'll be lucky to get a new post every couple of minutes...

I'm nearly done with these penny stocks myself. 95% of them do nothing anymore. If they do, they usually go down because the company dumps all they can then they'll R/S even when they state they won't.

Fawk this market.

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stocktrader22
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yeah penny stocks suck, no where near the runs they used to have and no special R/M up 36,000% anymore lol

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Disclaimer: Not accountable for anything I say

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Nile
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Any one who knows the stock market knows that it goes through waves. While the stock market is good pennies are booming also, but when the stock market is bad, people are not as risky with their money.

Just give it 6 months and it will be back to the regular post. It's sad that we have lost so many great people due to bad calls or loss of capitol.

I know I have been away for a while but just got the bug back itching again.

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BlindMellonChitlin
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Seems to me that the pennies naturally kill the penny market. For a 'run' to 500%....someone has to be the bag holder for others to make a killing. Do that very often and soon there are few willing to be bag holders.

In other words not many suckers as there used to be,

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Uncle Smelly
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quote:
Originally posted by BlindMellonChitlin:
Seems to me that the pennies naturally kill the penny market. For a 'run' to 500%....someone has to be the bag holder for others to make a killing. Do that very often and soon there are few willing to be bag holders.

In other words not many suckers as there used to be,

Well, you know what they say about suckers...there's one born every minute. We just need them to grow up, lol
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kermit42
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You only need bagholders if the stock retraces back. If a stock maintains its value, then you can have a big run without big losers.

Sub-penny is dying, IMO, because virtually every stock is a scam and people are tired of throwing good money after bad. It's too hard not to get burned and, besides, who needs 500% runs? At higher PPS levels, you can make serious money fast 20% at a time with much less risk.

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Homersbud
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quote:
Originally posted by kermit42:
You only need bagholders if the stock retraces back. If a stock maintains its value, then you can have a big run without big losers.

Sub-penny is dying, IMO, because virtually every stock is a scam and people are tired of throwing good money after bad. It's too hard not to get burned and, besides, who needs 500% runs? At higher PPS levels, you can make serious money fast 20% at a time with much less risk.

Well said, Kermit.
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gumzsa
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I dont know what you guys are talking about because pinksheets did record trading volume in 2007.

Read this article.


http://www.reuters.com/article/pressRelease/idUS169766+17-Jan-2008+MW20080117

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money 76
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too many scams . its not worth it . rather invest in asian markets.
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hedfe
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quote:
Originally posted by gumzsa:
I dont know what you guys are talking about because pinksheets did record trading volume in 2007.

Read this article.


http://www.reuters.com/article/pressRelease/idUS169766+17-Jan-2008+MW20080117

yeah but probably most of the volume is from companies dumping shares [Big Grin]
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stocktrader22
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quote:
Originally posted by hedfe:
quote:
Originally posted by gumzsa:
I dont know what you guys are talking about because pinksheets did record trading volume in 2007.

Read this article.


http://www.reuters.com/article/pressRelease/idUS169766+17-Jan-2008+MW20080117

yeah but probably most of the volume is from companies dumping shares [Big Grin]
lol

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buckstalker
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quote:
Originally posted by hedfe:
quote:
Originally posted by gumzsa:
I dont know what you guys are talking about because pinksheets did record trading volume in 2007.

Read this article.


http://www.reuters.com/article/pressRelease/idUS169766+17-Jan-2008+MW20080117

yeah but probably most of the volume is from companies dumping shares [Big Grin]
Uh...dumping shares on WHO...lol
There must be buyers to dump on eh...

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It's all in the timing...

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T e x
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you guys should read the article... pretty interesting

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Adventures in microcapitalism...

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wallymac
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There are plenty of scams in the penny market but there are plenty of opportunies in the penny market as well. Those that learn to trade them properly continue to trade and make big money on them. IMO, this will always be the case.

The one thing I have noticed is that when the big markets are down the pennies get more action. The big markets have done fairly well during the past year, until recently. Take AAPL as an example. It had a great run until recently, heck I remember it being in the 60's and going to 200 but

On the reverse side I have seen MANY pennies gain over 100% during that time span. It's all a matter of getting in at the right time. That being said, I do think that quite a few new investors bought into the CSHD'S, SLJB'S, CKYS'S etc and got killed. They more than likely no longer trade.

If you look at the number of posts to determine whether pennies are dead or not, IMO, that is not a good indicator. I will use myself as an example. I tend to post less because of my personal disenchantment with other posters, who would rather blame someone else for a trade than take personal responsibility for their own actions. I lose on a lot of trades and have no one to blame but myself. Whether because I got to greedy or because I chose to believe someone without doing my own DD is irrelavent. I did what I did. I pulled the trigger.

Sometimes the company dilutes and we as traders/investors had no idea, well those are the chances we take.

A keen eye with the right discipline will garner great dividends, and those people, IMO, are still trading but being a bit more quiet about it.

Remember that in all things in life there are cycles. In fact that is exactly what the stocket market is about, CYCLES. If you obtain the knack to figure them out, you succeed, if not you die.

As long as the penny market continues to provide the opportunity to make huge gains it will always be here.

I wish all the best of luck in their trades.

After reading the article, I would be looking for the MM JANE to be on a stock, WHY? Look at the volume VS the Shares. Might be interesting to follow don't you think?

Sincerely
Wally

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TopRob
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I agree with most posts here that pennies are loosing their glory. I also notice that they just don't run like they use to for the pass year. There use to be several pennies running at the same time nearly every week and I couldn't keep up with all of them at times. Now you are lucky to see one run a month.
I think there’s just too many scam stocks out there now and everyone is getting burnt. It seem that the only one making money now is the CEO's with their out of control dilution and the MM with there illegal shorting. With the economy in bad shape now, people just don’t want to risk loosing to a bunch of crooks anymore.
So, unless the SEC steps in with better regulation and start going after the scam stock management team, you will likely see less and less pennies worth trading.

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BlindMellonChitlin
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I agree. I have a few pennies left that might make some money. After those are gone I think I am finished with the scummy pennies.

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Making it a little at a time....Now is the time to determine if you are a man or a mouse.

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live2trade
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I think this board has just lost a lot of posters and other site forums have opened up causing the loss in posters which in return is causing the speculation that people are not investing in penny stocks. Check out all of the investors on ihub - ton - penny profilers growing quickly. they all have chart reading info that has great visible examples. I have not seen it on this board since I have been on here. That is my opinion. Everybody will always look to make a quick buck so there will always be penny investing.

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Don't fall in love with any stock!

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BlindMellonChitlin
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The pps and moves of pps are available for all to see. There has been a definite drop in both volumes and price swings as far as I have noticed.

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Making it a little at a time....Now is the time to determine if you are a man or a mouse.

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TopRob
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quote:
Originally posted by live2trade:
I think this board has just lost a lot of posters and other site forums have opened up causing the loss in posters which in return is causing the speculation that people are not investing in penny stocks. Check out all of the investors on ihub - ton - penny profilers growing quickly. they all have chart reading info that has great visible examples. I have not seen it on this board since I have been on here. That is my opinion. Everybody will always look to make a quick buck so there will always be penny investing.

The reason there are less posts here is because there's no action going on with pennies so nothing new to talk about. If stocks were running like they use to, you would be seeing a lot more post.
Even on IHub, there's just mostly talk about nothing good related to the stocks.

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RWGATORBLUE
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[BadOne] No, I don't think they're drying out. I just think that more of you lazy ones should get off your butts [Wink] and spend your hard earned money and make these things run so I could make should loot. baby needs a new pair of shoes and you guys aren't helping at all. [Big Grin] Have a nice day.
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stocktrader22
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Pennys are definitely not running like they used to.

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Disclaimer: Not accountable for anything I say

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Average Joe
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There has definitely been a drop off. We've lost alot of great posters from this board too. Yes, MM price manipulation and shorting is a problem. But a bigger problem are the " third party stockholders ". These guys own millions or 10's of millions of shares of a company for various reasons( former board members, people who lent the company money and received convertibles as a perk, stock received at a discount, etc.) They hire an IR/PR firm to promote the stock and give them a portion of shares as payment, the company comes out with news releases, the stock starts its move up, then the " third party " starts dumping his shares. He doesn't even care about the price, he just wants to keep it afloat long enough to get out of his position, its all profit to him anyway. By the time the average trader catches on its too late. The company gets burned, the promoter looks like a pump & dump guy, the trader is a bag holder and only the " third party " has profited. Most all companies just starting up have someone out there with lots of stock to dump. That's the main reason WHY these penny stocks should not be held after those initial run-ups. We all get greedy. We are not satisfied with that 20-30% profit. We don't want to miss out on " the big run ". Next thing you know we're down 20-30%, can't get out as the price plummets, its the same old story. You have to pick your spots and GET OUT when you've made some green. There's another one out there just about every day. It's a tough discipline but it will save alot of heartaches and your bankroll .... just mho !!

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Mr.PennyNJ
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when u can invest 500.00 and make 1500.00 in a few weeks , whats the prob? greed ? my rule now is track the share structure, if t/a is gagged i run...
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otcstock
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A lot sof old poster here were run off. Instant chat rooms and real time ajax shout boxes have taken over the forums. There are plenty of actions out there.

And yes there still money to be made on the pennies, if you daytrade or scalp.

hehehehe

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Nile
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quote:
Originally posted by stocktrader22:
Pennys are definitely not running like they used to.

Nothing is "running" like it use to. We are going thru a cycle, just like I said earlier. It you know anything about the stock market then you know it goes thru cycles, we have been slowing down for the past three months at least. If you dont believe me just take a look at the six month chart for the Dow, Nasd or SNP.

quote:
Originally posted by wallymack:
The one thing I have noticed is that when the big markets are down the pennies get more action.

I will have to respectfully disagree with you. Why would anyone who is scared of the volatility of todays market put their money in a more risky market like pennies. It's only logical to think that pennies slow down due to big stocks slowing down because people become more worried about risk. Thats the only reason why people run to bonds during recessions, little to no risk.
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Low Bawler
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quote:
Originally posted by Nile:
quote:
Originally posted by stocktrader22:
Pennys are definitely not running like they used to.

Nothing is "running" like it use to. We are going thru a cycle, just like I said earlier. It you know anything about the stock market then you know it goes thru cycles, we have been slowing down for the past three months at least. If you dont believe me just take a look at the six month chart for the Dow, Nasd or SNP.

quote:
Originally posted by wallymack:
The one thing I have noticed is that when the big markets are down the pennies get more action.

I will have to respectfully disagree with you. Why would anyone who is scared of the volatility of todays market put their money in a more risky market like pennies. It's only logical to think that pennies slow down due to big stocks slowing down because people become more worried about risk. Thats the only reason why people run to bonds during recessions, little to no risk.

Would it be fair to say that most people who trade penny stocks generally more opportunistic than those who trade, and really, invest, in big board stocks?

Just in the way that the big board stocks will still see volume because of those who see buying opportunities when the markets dip/tank/crash, would it not stand to reason that pennies will see at least the same, perhaps more volume than the big boards due to incredibly cheap entries?

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I think there's been a mistake...

Did you say steak?

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Flexibill
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You guys know what you are talking about....what is going on with INBG and GMFX?

INBG looks like it could take off, strictly from what they are into now, but not so sure about GMFX. I'm new to the charts and was hoping for a couple winners. I picked them relatively blindly, I admit. I picked up INBG when it was MSEP, then it became MSEM, and now INBG. I've seen it reverse split, but didn't hop out then.

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T e x
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Although the number of securities on the OTCBB has gone down almost year since 1999... (NOTE: some of these links aren't working; see below)
http://www.otcbb.com/dynamic/tradingdata/securitiespositions/securedata.htm

share volume has been going up, although January 08 is less than January 07:

http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/sharedata.htm.

Dollar volume peaked in 2000, fell off bad '01-'02, but has generally increased since '04:

http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/sharedata.htm

Number of transactions resembles dollar volume:

http://www.otcbb.com/dynamic/tradingdata/transactions/transactionsdata.htm

NOTE: Here's a good snapshot:

http://www.otcbb.com/TradingData/HistAnnualStats.stm

[ February 05, 2008, 22:31: Message edited by: T e x ]

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Nashoba Holba Chepulechi
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ed19363
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Pennies promise bright futures and sizable gains, then deliver reverse splits and big losses. No wonder the old crowd deserted. They just got tired of losing money.
CMKM/X/whatever, NCDP, GRYF, and any number of others. Gainers are one in a million. I'll stick with the stocks that pay cash dividends instead of dividends in dead and dying companies.

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If I give you bad information, please feel free to sue me. I have nothing left anyway.
Ed

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cactus33
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is this where all the mopes hang out, lol
Posts: 6397 | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
2pawn
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look i was in the old crowd and was one of the people who ate it with afrr and cmkx but also made a huge killing with ibzt then stoped and so did the old crowd now that im back dont see any of the old schollers like OLD MOLLAT ,RIC but even then it wasnt like stocks just blew up every other day its always been slow and will always remain slow its why these stocks are so cheap win some lose some but in the end TAKE UR PROFITS dont get greedy play it safe always u should always end green GLTA

PS im in PMED,PDGT,ADTJ,BLLB,LLEG

Posts: 196 | From: apple valley,ca,usa | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
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