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Gold/Mining/Energy : SPRL - Strat Petroleum, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Bid Buster who wrote (1004)	9/23/2005 5:22:31 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 1072

If a listed company committed a single blatant act that some of these pennies do almost daily, they'd be inundated with sell recs, lawsuits, and SEC investigations. QBID has been fearlessly doing it for at least 6 years now, in various incarnations. Yet people think that it's acceptable for pennies, because they're "cheap" and it's just play money- a means of rationalizing their losses. They lose sight that $1k lost in a penny is the same as $1k lost in a blue chip or an accountable company.

To: Bid Buster who wrote (1004)	9/24/2005 12:12:17 AM
From: rrufff	Read Replies (1) \| Respond to of 1072

Total bs, sorry no other way to categorize it.

To: Bid Buster who wrote (1004)	9/24/2005 1:30:09 PM
From: im a survivor	Read Replies (1) \| Respond to of 1072

<<I can tell you one reason people play this penny trash, its because they went broke in listed stocks and they are making a desperate attempt to make their money back. I've seen it time and again, pretty sad.>> That is true to a point, and yes it is very sad....alot of people did lose their A$$ and they turn to penny's to try to make it back....but on the other end of the extreme, you and I both know that folks with money, do like to gamble...be honest...dont we all love to go hit the black jack tables if we have the money to do so? If you have a fair amount of money ( that is very relative obviously as hand one person $10k and they will exclaim "I AM RICH", while you hand the same $10k to somebody else and they whine about it being enough to cover a months worth of bills), and if you have 'gambling money', penny's are indeed fun to gamble with....I know people on both ends of the spectrum...some with very little money, looking for lightning to strike on a penny play and others with quite a bit of money, which enables them to have the time to do proper dd and play a few penny's for very nice gains...and yes, losses as well....The key in playing penny's is simply to know how the game is played and follow the rules that most dont follow, which leads to losses...for instance, lets talk about this stock since we are on this board....I do not believe most of these people are being truthful, but this is what they claimed anyway....alot of people had sprl from less then a penny to .02 - when it ran to .35, most of them were crowing about how they were not selling a single share...sorry, that is not following the rules, and if they were being truthful, boy thats alot of gains to give away in a blink of an eye, cause it fell from .35 like a rock, while most longs were claiming they hadn't sold any, were adding on the dips and will be laughing at all the losers that miss the run to $1....and it fell where? to the .06's or less, I think........In penny world, you buy at the low, before it has been pumped, and you do your best to get your money off the table as soon as possible, try to book a gain, let some free shares ride, until the ride is over and get out before it plummets.....The naive ones, imo, are those that let greed take over..they buy something at .005, watch it run to .05 and instead of selling a nice chunk, they listen to all the '.10 next week' posts and they let greed prevent them from selling....in most cases, that leads to giving back what were very nice gains.....And worst of all, which is what I think is the number 1 rule, that alot of people dont follow...DONT EVER BUY after HUGE % GAINS when all the pumpers start with their "GOING TO THE MOON POSTS"...That is usually a good sign to sell, imo....