What's "negative" but a relative term? Facts are simply facts.
You process and interpret data as you see fit according to your own inclinations and imperatives. Some savvy players on Howe Street would view as a "BUY" signal the news that a penny stock company has just released millions of cheap insider shares and that two recent large private placees of more cheap stock were previously involved in a broker bribing and kick-back scheme. These sort of market participants know how to get a stock price airborne. Their involvement in any given stock usually spells the game is on, as does the arrival on the scene of touts like THE GURU! (That's why I post information from Canada Stockwatch, the Wall Street Journal etc. on SI and the news-groups -- to enable more people to get in the loop. The news-groups are monitored by investors, the mainstream media and others -- so data posted there should, hopefully, attract more informed people to SI and this will further raise the quality of our discussion group.) What is there in the data I posted that makes anyone think that people should be avoiding the stock at this stage of the game? That's certainly not what I've said in my posts. Who's to say that CYJ or any other VSE/ASE penny stock won't go to $10 a share? What I say is let's be a little more candid about the reasons for the stock activity in junior companies. There's no rule that says to play the market successfully you should lack information, or harbour illusions as to what makes stocks go up or down. Putting aside any moral or ethical questions, on a strictly financial basis -- you're much better off knowing how the game is played. (In theory, the most directly beneficial info would, for example, be a promoter telling you the unvarnished: "Well, we've just pieced off a broker in Boston and a mutual fund manager in London. Together they'll be bringing us $5 million in share buying spread over the next three days." Based upon that hard info you could estimate how high the stock might go, and when to buy or sell. Seeing as how company insiders would never share this kind of knowledge, however, it's important to have available as much secondary and tertiary data as it's possible to collect.) Similarly, knowing about the history of a promoter, such as Robert Friedland, does not mean that you choose to avoid his deals. (For example, Carson Gold is being positioned for a big play.) In the junior markets, most of the money gets made (or lost) on shares in companies of dubious, or no, real value. And, as Ross Perot (not THE BIG R) says: "Even a blind hog finds an acorn once in a while." The bottom line is it's best to be informed. Then play the game however you choose. From the responses on SI and e-mails I've received, it's clear that a lot of people understand and appreciate the value of factual data. For any of who don't, it's not meant to be threatening or invasive. Knowledge -- in the penny market as elsewhere -- is power.
I wish nothing but the best for everyone. THE GURU! is no exception -- he's chosen his job and he's just trying to do it as best he knows how. The discussions on this thread, heated though they may get, just go to show the value of this new medium, the internet, in bringing people together. Bon chance. |
