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melchiott

20 Posts.

12/08/16

15:26

Post #: 18505906
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Originally posted by Hittman ↑

It is a gamble. It boils down to risk vs reward. A small play of even $500 worth could become $5000 or $10000 in a short period of time. It could also fall to $200 or $0 as well.

I'm in with 700000 units for $3700 including brokerage. Have an open order for 500000 more units at 0.4 cent. Works out be less than 1/2% of my nett worth so in the scheme of things it is not a lot of money for me if it goes bad and I lose the bulk or even all of the stake. Potential return could be 10x or more of my stake.

When buying into a risky stock, penny stock or otherwise you should only risk what you can afford to lose.

If one can not stomach a loss or bare to see red arrows on their portfolio screen, then the share market is probably not for them.

Sentiment: Not above this level.

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damn hittman lend me some money mate. soon as i lose $20 i've got rope in my hand ready to end it all.

KBL Price at posting: 0.5¢ Sentiment: Hold Disclosure: Not Held
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