Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Double your money in a day with Crystallex International Corp. LOL

Double your money in a day with Crystallex International Corp. LOL

posted on Dec 24, 2009 11:09PM

Couldn't help but laugh at this one...

http://www.egold.com/double-your-money-in-a-day-with-crystallex-international-corp/

OK. Trading stock in Crystallex International Corp. (AMEX:KRY) is a bit like playing the lottery. But the sometimes harrowing swings in price might make it fun for traders with a little extra cash. On Dec. 22, 2009, the stock closed at 20 cents per share. A day later, it closed at 40 cents.

That’s a gain of 100 percent. Most mutual funds can’t make 100 percent in 5 years – not to mention over the course of an evening! It’s part of the fun, and part of the belly-ache of trading in penny stocks.

While most penny stocks are trapped in low-volume trading vortexes where you’re lucky to see 5,000 shares change hands in a single day, Crystallex averages 2.8 million trades every day. That’s three times the trading volume of world class stocks like Royal Bank of Canada (NYSE:RY), which averages volume of 911,000.

Before you run out an invest in Crystallex, though, remember trading in penny stocks comes with grave risks. Crystallex, for one, lost $6 million last quarter. They’re fighting the Venezuelan government for the Las Cristinas property (which the government there had promised them), and it doesn’t look like they stand much of a chance. That means bankruptcy is a real possibility – one that could vaporize the stock overnight.

It’s a day-trading investor’s dream come true, and a value investor’s nightmare. Two ways of looking at the same glass of water. It just goes to show that the way you approach your investments is just as important as the vehicles you invest in. Do you research, and have realistic expectations, and you just might stand to make lots of money overnight. You also stand to loss it (an ability which I seem to have in spades).

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