Re: Level 2...DEAN...No to mention...
in response to
by
posted on
Oct 21, 2008 10:47AM
Gil,
what you are saying is corrrect but when it was .085 no one knew that it might go lower say to .0625 as it was back in 1998 or 1999 but the fact that the settlement was announced and that news boosted the price hike, your example was a gamble can you imagine putting in $2 mill and see it evaporate to say $1 mill before your eyes, if that is the case the gambler will have a heart attack.
True buying and selling stocks is a gamble like buying lottery or going to Las Vegas. can you tell me how many people goes to Vegas my guess is 30 mill a year but can you tell me how many people won in Vegas or won the lottery?
what distinquish an investor from a gambler is doing his DD and if he believes in that compamy that he is investing in.
I am an investor and I saw an opportunity in Edig and I still believe in edig and its future. People who believed in Bill Gates and MSFT became millionaires may be some of us will become millionares and I do wish them well if they did because they worked hard for their money and did their DD and invested wisely.
A one penny rise for any penny stock that sells say for .10 cents that is a 10% profit your bank will give you 3% a year in the meantime if you are lucky.
Point said the price will fluctuate up and down based on the news or lack of it but when the cash hits Edig bank account most of us will laufg all the way to the bank.
GOOD LUCK