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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: David Sirk who wrote (16435)5/10/1998 4:08:00 PM
From: Kurt N  Read Replies (1) of 27968
 
>>95% of all pennystocks go under. If one was to adopt the
buy and hold mentality for Pennys most would go broke.<<

I don't think you would go broke. Suppose an equal amount
($1000) is speculated in 20 penny stocks and these are
the results over 3 years.

invest value
10% lose 100% (worthless) $2000 $0
20% lose 75% $4000 $1000
20% lose 50% $4000 $2000
20% lose 25% $4000 $3000
20% break-even $4000 $4000
5% goes up 50% $1000 $1500
5% go up 1600+% $1000 $17000
------------------------------------------------------
total $20000 $28500 (gain of 42.5% over 3 yrs)

As long as you don't mistakenly sell the 1 that goes up 1600+% to
soon you will do fine, but maybe that is what you meant that
'most will go broke' since they will sell the one that goes up
1600+% when they are up 200%.

Kurt
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