Posted On: 10/03/2013 12:00:10 PM
Post# of 5066
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Trading penny stocks is a lot like playing poker. You have to play the odds. The odds of a penny stock being a scam are very, very high as I'm sure most of you that have been in the game for a while have had your butts toasted a time or two. I know I have as my butt is covered in burn scars. Whenever you have a company with only a few members working for a CEO who wears many hats beware as it's probably a scam built mainly for lining one man's pockets and you aren't the one man. The product being touted is usually only a vehicle for the scam artist to ride off with your hard earned money. I've seen it far too many times. As for BMSN, the jury is still out as this could possibly still be a viable stock with monetary gains possible for a select few. As for myself, I'm long on BMSN by necessity rather than choice due to a stupid mistake of buying back in at too high and then watching it tank is short order. From now on, being long will mean holding a stock overnight and that will be a rare thing. I do still hold out hope for BMSN as the DD by PG and others is strong but lets all remember this stock is still controlled by one man with a shady past. As my old pappy always said, " you just don't get mean overnight." GLTA and let's hope for the best. Many thanks to PG for all her hard work because as for now it's our only hope.
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