Lesson in following:
Ticker I am not mad but I hate it when someone wants to have only positive and hype. There is so much more to investing. The Steve just made a heck of a post in exposing this charter on another thread trying to build himself a rep which I have been at war with for two days.
People need to learn to be responsible for their own investments. NOT to follow every GURU, wanna be GURU or some one they think is a GURU.
FOr your reading pleasure tickers have been removed so it is not a spam:
By: The_Steve
Reply To: 9097 by wolf9228 Tuesday, 2 Nov 1999 at 11:49 PM EST
Post # of 9115
On Topic and Off topic mixed
Sucker's rally huh. No, not really. I would think a charting expert like you could see what happened. I've been told it's called the "Month-end Maneuver". I had some help from a guy but he helped me recognize what was going on. Didn't you notice the spikes at the end of the month quite a bit on the charts. Aren't charts your thing? Anyway, after checking into what you called "Data Mining" in the past, it became evident that the MM's were messing with the stock and I took advantage. Still long on **** with my core position because I happen to like it. Kind of a Vegas play as I like to call it.
No, didn't buy into the rally, sold some into it though. I hold a core position in most my stocks that I won't sell for a predetermined amount of time. Usually 1-2 years or more. This takes any emotional decisions out of that stock at least. But I will pick up more on the dips and sell on the spikes. Helps me deal with the fact that **** is going down lately. I'm still well ahead on that stock due to position trading and trading extra shares I picked up at the lows. And if the news I'm waiting for hits, I'm still in with my core position and I don't have to chase it.
This post is actually fairly on topic since it has to do with your manipulative style. If I had listened to you that day, I might have sold all my stock instead of buying more that day. Then, I would have lost out on all that money I made when I sold that stock into the rally that I knew was coming. You may say that I should have sold it all. But you don't know the situation the company is in right now either, so don't judge until you do the DD instead of just looking at the charts. I only invest in BB stocks that actually have a chance, like ****. I don't buy stocks that are just shells hoping for someone to P&D them. **** is one of them and right now it is looking better than ever to me. I like the FAQ on the site and that the reporting situation seems to be solved.
I also have the patience to not buy all my stock at once. So even though I bought my first **** at 1.0625, I still did well As I bought all the way down to the bottom. Same with ****. I bought some today. 5,000 shares at .45 and 5000 at .4375. If it goes down more, I buy more. If it goes down even more, I buy even more until I use up my limit of money I'm willing to invest in a stock. If it starts to go up, I don't invest anymore money into it and live with the fact that I could have bought more at the bottom but I may sell some in a run up. If it comes back down. I buy some more. I only buy at the bottom or on the way down. I recently did good with **** which I bought at between 13.875 and 14.5 back in August after a big over-reaction to a bad quarter. Up to 37 today. Not bad. Kind of reminds me of you making a big deal out of the financials for ****. Sure they don't look that great right now. But what did you expect? They haven't got things going yet. No big deal. I've also learned that everything in the BB world takes about 5-10 times longer than you or the company expects. So although I'm kind of disappointed that it has taken this long to get where they are right now, I kind of expected it. Once **** gets things going, my core position is gonna be worth alot and the extra shares I pick up are gonna make me alot of money.
So in closing, keep on ripping this stock apart, it doesn't matter. I think I will do just fine regardless. Your manipulative style pretty much doesn't affect how I invest.
I just feel kind of bad for the poeple who listen to you and sell at the bottom only to watch it shoot back up.
Later,
The Steve
NOw that was a heck of a lesson and what could of happened to him IF he had not done his DD. He got his position.
:-)
GB |
