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Gold/Mining/Energy : MGMX - MGM Mineral Resource, Inc.

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To: Stuki who wrote (13)8/29/2006 11:59:32 PM
From: rrufff   of 59
 
Actually, if you take a look at a chart of just about any "new issue" pinkie and you see a similar pattern. Promoters, MM's and insiders all try to screw us retail investors.

One of my own internal rules is an arbitrary one that I never buy one until the big dump. That's why I rarely buy a pinkie if it's price is over a nickel or so and even that's on the high end.

I know it sounds silly but I believe the only way to make money on a "new issue" pinkie is to wait for the promoters, MM's and insiders to get out and then play the more substantive run if they keep the capital structure under control. Many of them never are good plays and they just go from dilution to r/s and continue a pattern.

But there are good plays out there.
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