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To: constitoot
I've actually made about $100 with Salon stock as an experiment. Before anyone accuses me of sleeping with the enemy, here's how I've done it: Basically, when the stock drops below 13¢, I buy a thousand shares. Then, when the stock jumps above 17¢ I sell. The stock usually peaks because the liberal nitwits inevitably bail the company out with a large cash infusion. The liberal mentality will never let Salon die, so every time some big money lib bails out Salon, I walk away with a small cut.

I've done this a couple of times, each time with at least a 30% return. Salon is so cheap and volatile that this trick actually works with only a little capital investment. I'm afraid to try it with a larger dollar amount, though, because of the eventual possibility that the libs will wise up and stop saving their virtual fishwrap.

18 posted on 02/09/2005 7:08:19 PM PST by pillbox_girl
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To: pillbox_girl
Indeed, someone is buying them and proping up the stock...check out the volume in post #3. Wow. the transation cost must be killing 'em! From yahoo....

% of Shares Held by All Insider and 5% Owners: = 81%

I though of doing what you're doing but...Too thinly traded for my blood.

19 posted on 02/09/2005 7:22:59 PM PST by Drango (tag line under repair)
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To: pillbox_girl
That is damned funny. Good for you!

(and at a profit, too)


Nicollo unmasked: Bromleyisms here

20 posted on 02/09/2005 7:33:52 PM PST by nicollo
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