PDY padbury mining limited

line wipe, page-23

  1. 22,728 Posts.
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    Some people think they have reinvented the wheel here with a tactic of buying at .4cents, and selling at .5/.6 cents for 25%/50%profits.

    So if someone buys $10,000 worth at 4 (four) cents and they crash to .4 (point four) cents, as they did on the 11th, they have lost 90%, therefore, have lost $9,000.

    Now lets say they buy $1,000 worth, as they've just blown $9,000, and can't afford to buy many, and make 50% (of $1,000) which equals $500, they would only be $8,500 behind.
    Only need to see it fluctuate from .6 to .4 and back to .6 6 more times to break even.
 
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