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Old 01-03-08, 07:08 PM
optradersc optradersc is offline
STTG Regular
 
Join Date: Mar 2006
Posts: 51
By the way, don't be like my brother, He used $27,000 to buy 100,000 shares of a stock at $0.27. He believes it will move to $1 and he can come out with $100,000 within a few months. This was back in August 2007. As of current those shares are at $0.18 for a loss of $9,000 and counting. I've always wondered why I didn't play safer trades like MSFT. MSFT would have netted him an extra $8,000 if he bought back in August and left it alone until now like what he is doing to the penny stock.

Heck, if he really wanted volatility, he could have into a trade in CF, MON, and MOS, or even taken solar stocks like SOFL, JASO, STP. Penny stocks give you the illusion that you can get rich quick, but more often than not people investing in these penny stock ignore the increased risk and volatility.
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