Club Fatt:
The time has come. I have been kind of hinting at this for a few months. The OTC BB arena is horrible. It is fast and quick money, sometimes, but it can almost lead to huge losses, and tragedies to those who do'nt think and move fast enough. The OTCs are full of scams, lies, and trash. This is not what I like and I refuse to help out a company that is trash. I try to reserach to figure it all out, but only later figure out we have all been sucked into false promises and hype. This isn't may bag baby!
We have had scores of winners (some we sold out too early on! LOL) with stocks such as QCOM (at 95) ISLD (at 30) GNET (20s prepresplit) EXDS (can't even remember!) and sooo many more. We've also had losses .. we'll leave those buried in the thread :-)
But the OTC arena is scaring me to no end. Scammers are getting desperate, CEOs are pumping till the last drop and it's a big friggin mess..
I have enjoyed SI to no end. I have made a bunch of friends that I would not have made without it. I have spent hours talking to people, teaching the uneducated investors who might fall prey to scams, and just trying to be fair and honest and raise the bar on the Internet...We have succeeded to some extent.
Anyways, combined with being in the middle of my senior year, being in the midst of several college apps, tons of homework, college work, and building my own company as we speak... penny stocks are not worth it and are losing their fun. I enjoy the intense research, but not when i come up void of anything substantial!!
I've got a few bones to pick with a few stocks in the OTC arena that I will take care of . AFter that, no more OTCs for me. There are just too many quality stocks out there that don't require half the work to be involved with. Plus, the level of people you are dealing with is so much higher (I am comparing to touts, email spams, and alliance picks - the appitomy of the OTC arena) .. 99.9% of OTCs are slime...
But there are OTC players out there and there are NASD/NYSE investors..I'm not an OTC player by far! I get too intense with it and pick out/analyze the bad things..I'm like poison to an OTC..can't ya tell? LOL
Anyways, it is with much joy that I say thank you to all those who have contributed via the thread and by email to our discussions and talks. I have enjoyed it to no end and would never trade it out for anything. Much good has come into my life from this..
I will still post, just not nearly as often...and it will be to different threads..like IPOs, and others that deal with REAL companies...
I wish you all the best in all of your investments and life especially!!
Keep your eye on God, because like the poem said, that is all that matters in the end.
I truly hope, that as I close this thread, that we have all learned something and I have proven useful/helpful in some way to each of you....
Peace out and God Bless to all my FATT buddies!
Matt
clubfatt.com
investorshub.com ( my venture that I hope all keep an eye on and hop on that "waiting list" .. it will truly be awesome for all..even the OTC players out there..you guys are gonna SCREAM for joy! - it is set to launch early 2000..)
mattb@talstar.com
P.S. All of my people on my email list...I'm not deleting you guys..I would highly suggest you stay. I have something that will all make you wet your pants planned for mid-year 2000...It's worth the wait..:-) |
