Well, it's going to be hard for me to debate with you when I agree with you 100%. Your last post echo's my thoughts exactly and serves as an impetus to go ahead and outline an approach.
Like I stated before, the reason I need a disciplined approach is to narrow down the vast number of flamingo stocks. I want to create a list of rules for myself that will serve as a guide in this process. Why? Because if I don't have a guide then how can I ever hope to be consistent? I want this guide to help me cut away the DB's, as fast as possible, so that I can find ones I am wanting to put my money in for the long haul. I know what ya'll are thinking "I thought the name of the game was to get in early, and get out before everyone else does." Yes, no doubt that is the way to approach a DB, but it's not a winning approach....even when we do outwit/outplay our fellow investors in a pump-and-dump we know that many will be trapped as bagholders, therefore, any victory is bittersweet. Also, there is another huge problem to be considered....
A friend of mine likes to say that if we have one HISC a year, then we can have 20 other losers and still have a wonderful year....well, that's only going to happen if we go long. Can you imagine how the people feel that bought HISC at .0014 and then sold at .006 thinking "Ha! I really out-smarted those guys!" and then saw it turn into a 100 bagger at .14. I bet that guy didn't do his homework....if he had done all his DD then he would have known not to listen to the moronic bashers....but, not knowing better, he let greed conspire with fear to make him make a huge mistake...and perhaps ruin his whole year. I'm not saying that we should not take our cost basis off the table when we can, but we need to keep the majority for the long haul(actually, perhaps an in depth debate of this subject would do us well...I'll make a note of it and we will talk about this later in a "tactical/trading discussion").
So, what we need, is a gauntlet. One designed to help find the next HISC and enable us to stick with it.
The Flamingo Gauntlet (1st Draft)
1. Do they have products/services/affiliates that I can live with?
2. Evaluation of the share structure, past present, and future(including R/S's, Ticker Changes, etc)?
3. Are the details of the company(CEO's, CFO's, TA's, Lawyers, Addresses, Phone numbers, etc) squeaky clean?
4. to be cont....
GB-ND
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