Hey Bill,
As always, good stuff ... This,
"
There is one guy in there that makes 300K every one ten thousandth of a penny. I forget his name. How would you like to watch his account? I would have to have a bottle of downers on hand."
Man you got that right ... not a chance, I would have an ulcer. Would hope that this is still that kind of money one could afford to loose for his sake .. it is just unfathomable to my mind ... But I agree on the numbness, with MGLG I got in a bit too high, so it has been underwater basically from the get go - Adding in has lowered the avg. down to .0012 so I am not all that concerned, still have SIRI @ .28 avg. so I am still up overall.
You guy's have certainly taken some lumps for us all who may have been lurking about before joining in ... I don't know how to quantify that other than the appreciation that this community has given, it really goes beyond just sharing information ...
What would be interesting to me would be to find some good reads on some veterans of the pennies ... historically - For instance, the success stories of those that rose back out of the pennies after having been banished to them, back on to the big boards - Or those that started out here and made significant moves upward. Getting a 'feel' for all this I would imagine will take some time, but I agree it is quite a bit 'safer' in one sense right now and a different animal altogether with the state of the economy and everything.
It's weird, since I have been paying attention to stocks in general for only about the last 4-5 years when I got some options and really more diligently just in the last two years ... Those days when things really were moving, even if they were down significantly, they always seemed to have that rubber band snap and would regain territory .. but, for crying out loud, at least they
moved! Maybe I am just looking at the wrong stocks ...
"
Which is why we love it!