REGARDING CNNfn interview::
you might be interested to know that when SNMM was near 50 cents a report was written up in the WSJ or Forbes magazine..can't remember which one..anyway, it was very positive... the stock stayed near 50cents to 75cents for a couple weeks... people thought that the article apparently had no effect on the stock and sold..
2 to 3 weeks later the stock shot to $17. it is till way up there $12/share now in price... this was just a little while ago.. month or so..
I am NOT saying that this stock is going to follow suit, nor will I encourage anyone to buy it unless they just like gambling money... I'm a firm believer that penny stocks are just like playing the slot machines in Vegas... you either win big or lose big... so be careful..
however, from time to time the mainstream picks up on a penny stock ie: SNMM and ACCR... and others I'm sure and it causes you to rethink one's belief that no penny stocks are worth holding..
just my 2cents... and I'm as uselss as a legless mule so dont listen to me. I sat on the sidelines in disbelief as SNMM went up in price and could have saved me from filing bankruptcy this year... I don't know what ACCR will do in price, but I did want to point out that the mainstream usually takes some time before investing.. unlike MANY of you here that probably dont even know what ACCR does or is or has been... the mainstream investors.. real investors WONT buy on the hype... they'll research and invest if they like what they see... EVEN if the price is higher by then... if they dont like it..they wont buy...
the reason many people here and on other threads buy at these prices, is because they are willing to risk that the DD will turn out to be good and when the "smart money" as I've heard it called, moves into ACCR or whatever the stock might be.. that they'll have gotten in near the bottom..
but they may not like the DD too... we all have to do what's best for us... if you CANT AFFORD to LOSE, then dont play pennies..
look into MSFT, CSCO, ATHM, BMY, T, etc if you want security... or even better.. buy gold.. near its 15 or 20year low I think.
jim
ps.. yes, i bought some ACCR late friday... i am gambling that ACCR will follow SNMM somewhat.. if it doesn't, fine... if it does.. great. This is money I've told myself I'm willing to risk.
You all that are new to pennies should read this twice and record it in your mind... just understand the risks... that's all... good luck to all invested here whether it be in ACCR, PNET, KYOM, SNMM, XNET or whatever.. just be smart :) |
