One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: Form 8-K - Update to Shareholders

AGORACOM
Jul 02, 2012 10:55AM

Welcome . You said you held the stock @.30 . I hope you stil own OMAG. You can make money . Here;s my formula : I hold 2/3s of my shares for the long haul and speculate with a third. The past seven days the price has be 1.03 - 180. While I saw this as a buying opportunity I wasn't able to execute a buy order @1.15-1.20. had I been able to and if the price trends just a little higher I would have sold and made acouple thousand dollars pretax profit of which I would have waited to reinvest the initial money and taken my profit out. I'm always in. I'm not a day trader, I have no interest in the "science " of trading. I have made money using common sense. I have lost money through greed by not getting out of a stock when I should have.

One final comment if you are young I would recommend putting most of you money into mutual funds or some boring tax free bonds. Play the market as a hobby. My close friend is worth a couple million as a result of 35 years of tax free bonds and boring stuff. I am not a millionaire . I'm as they say comfortable . I like the action of being in the market. Most of the stocks I own are long term: years. If OMAG is a big score this will be the fourth in the 59 years I've been in the market . Shelter , shelter shelter. Put money you can afford to loose in the market especially if your attracted to highly speculative stocks. Thanks for your time . Al

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