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Strategies & Market Trends : Value Investing

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To: belker who wrote (20747)	2/26/2005 12:49:42 PM
From: Lazarus	Read Replies (1) of 78748

belker... i would pretty much take what they say... at face value. this isnt a "value play" per say. its kind of like investing in those companies that seek for sunken treasures. the real value is in the treasure itself NOT the company. its a pure speculation play for me. i can tell you with certainty the exact downside risk if you enter at the at the current price-point. its 3 and a half pennies. if you cant afford to lose all or a substantial portion of what you invest then penny stocks are NOT for you. it also helps to have a cast-iron belly. cuz if your 3 cent stock happens to run and go to say 9 bucks and you are still holding and the next couple of days it drops to 3 bucks and you are STILL holding --- you might PUKE YOUR GUTS OUT. this is what i think: a) if they drill in the spring and hit NOTHING then the stock languishes and drifts down to a penny or two. b) if they drill in the spring and meet with a press worthy measure of success then....[ please fill in the blank ] probably enuf said on this thread for now about this stock - maybe in a few months we can update the situation. Lazarus

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