Tuesday, October 27, 2009

A Penny Saved Is A Penny Earned

A member in the chat room earlier today was long NXTH (trading at $3.4 at the moment) and asked whether he should hold it or sell it. I told him without any question in my mind....i told him to sell it because "this stock is trouble". I have seen too many stocks like NXTH come and go. They trickle up everyday for weeks!! and then out of nowhere a nuclear bomb falls on the shareholders. Classic PUMP AND DUMP stock. AVOID these PLEASE PLEASE PLEASE!! You work too hard for your money to risk it chasing these kind of stocks. While the call to sell it didn't make him any money, think about how money is saved by selling it!!! A penny saved is a penny earned, a wise man(benjamin franklin) once said.

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