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To: Jeffrey S. Mitchell who wrote (1311)12/5/2006 6:50:48 PM
From: Qone0  Read Replies (3) | Respond to of 1521
 
LOL, this is simply not true and misleading.

To make money on non-reporting pink sheets, the overwhelming vast majority of which go swiftly out of business

The vast majority of them never go out of business. They are simply reincarnated over and over again.

You need to find a sparsely followed company with a very low pps that has a good story you can hype to others.

In reality making money on a penny stocks requires no hyping on the investors part at all. The company will promote the stock as you can't sell many shares into down ticks. It's really quite simple all you have to do is follow 4 rules.

Rule #1 Yearly volume must be at least 1 million dollars per year.

Rule #2 Only buy at a 52 week low. The exact pps really does not matter. Just a 52 week low. They always go to the bottom before they go to the top.

Rule #3 diversify into at least 10 stocks,never more that $5k in any one stock.

Rule #4 Sell at pre determined stages.

It's that simple. Some will blow up and you will lose it all but overall 7 out of the 10 will run. I get a 70% ROI year after year using this very simple method.



To: Jeffrey S. Mitchell who wrote (1311)12/5/2006 7:30:16 PM
From: creede  Respond to of 1521
 
Well, after that post, they only opinion I could have of your position is.....bigot.

Your wholesale condemnation of the pinksheet market, combined with self-righteousness is causing you to make judgements that are not your place. Your lack of understanding of this market does not mean it does not have good tree's that will bear fruit for their investors and the world alike.

Your lack of vision does mean, however that you will be missing the harvest.....at least the first few.

If you refuse to investigate a stock just because it's a flamingo, then this is the quote for you.

"There is a principle which is a bar against all information, which is proof against all arguments and which can not fail to keep a man in everlasting ignorance-that principle is contempt prior to investigation."
--HERBERT SPENCER

Oh yeah, please mark this post ( I have ), because the day will come that you will recant this statement if you stick around long enough.

Do you truly have what it takes? I don't think so.

I do, and it will not be by the methods you describe.

GB-ND
creede