Musya, I do appreciate your input on this thread...Risks???
You wanted to discuss the risks about investing in NorAm...let's do just that...most of these risks are because NorAm has decided to invest capital in a foreign nation of which the owners do not have a vote in how the country is run...The stability of these Banana Republic's administrations is about as good as a 55 gallon drum of nitroglycerine on the top of Mount St. Helens, you just can't predict when it will blow up...Coup D'etat...Military Dictatorship...Martial Law are all possibilities and, yes, maybe eventualities...the organized crime situation you speak of pales by comparison, unless there is complete anarchy and mayhem in the streets, and absolutely no security for the VLT's...
You want to talk about a population of 1% haves and 99% have nots...A
population dedicated to only survival day to day...I don't think the average Venezuelan plans to vacation in Disney World this year...most probably haven't even heard of it let alone where it is or why they would go there...poverty and illiteracy is a way of life...who has money to gamble??? "BUT"
The biggest risk in ALL penny stocks is that the CEO of the company,
generally, "IS" the COMPANY...IF anything happens to that single person to where they cannot be in charge of the company, IT WILL FAIL. Other close associates/family do not have the ebullience, ambition, or, and most importantly, "THE DREAM" to continue.
George Zilba, please, please, please stay out from under any meteorites...don't walk under a ladder...no black cats crossing your path...don't break any mirrors...See your physician regularly...don't drink and drive, etc., etc., etc...:-) :-) :-)
and George, most of all, never...ever...stop DREAMING!!
I only have one other thing to discuss here...and that is your statement about and I quote "older or more serious traders/investors," I feel this is a very condescending statement. Are you "assuming" that by being older, one is a wiser or more experienced trader more able to make money...I'm 47 and still learning and I hope to still be open minded enough at 74 to keep learning... I've made some money and lost some money...I had a 89-year old grandfather who died penniless on SS...in fact, statistically, 95% of the population in the US will be on some sort of public assistance in their old age...and how serious do you think it is when someone invests hard earned capital in an extremely risky venture??? Oh, I'll just frivilously burn a few thou in the fireplace today, ho hum...I didn't need it anyway...Musya, I know you don't really believe this???
Did only young frivilous speculators lose money on the BNGOW call???
Or were there a few long-in-the-tooth traders who also got taken by surprise???
And with over 130 Pro Sports Teams in the US...I do like to cheer for the underdog, my favorite team and the American Dream...
(hype-GO PATRIOTS in Pittsburgh and GO NRAG in '98-hype) |
