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Re: OT--penny stocks

> Social Security should be opened
There are prponents of this investment that might make it profitable for
themselves because they'd know what they were doing.  But in the long run, I
fear it would just create more scams designed to bilk retirees of their
money (as if there weren't enough scams out there already).  If the govt
would just keep their fingers out of the till, SS would get along just fine.


----- Original Message ----- 
From: "james singer" <jsinger@igc.org>
To: "Chat" <gardenchat@hort.net>
Sent: Tuesday, August 10, 2004 5:43 PM
Subject: [CHAT] OT--penny stocks

> There is a heavy marketing effort at present to get John and Jane Doe
> to invest in penny stocks. I think this is an incredible scam. Betting
> on penny stocks probably has a lower pay off than buying a lottery
> ticket or picking the longest of long shots at your favorite horse
> track. Zero. Zip. Nil. None. I suspect this scam has political roots.
> One of the political parties has a tangential campaign that leads one
> to think that investing in the stock market is some how a road to
> success. They even pose the idea that Social Security should be opened
> up to investment councilors and other potential thieves of one's
> savings.
> Island Jim
> Southwest Florida
> 27.0 N, 82.4 W
> Zone 10a
> Minimum 30 F [-1 C]
> ---------------------------------------------------------------------
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