SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : VLVT (was CSMA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David Smith who wrote (3100)12/9/1997 9:02:00 AM
From: Land Shark  Read Replies (1) of 11708
 
Yes, it's a nice concept to go long term on investments. But, in
the world of micro-caps, the risk of losing 100% of your money is
very real. The reporting is very loose and you often don't know
if the information on the company is accurate. The risk of a
company failing is very high. There is the shady element shorting
the hell out of the stock (99% of the time this is happening and
squeezes are far and few between). This means that 99% of the time
with BBs you lose if you go long, even if the fundamentals are good.
Everyone expects 2000% growth and weekly news out of a penny and if it doesn't happen bailout occurs.

What does this mean w.r.t. trading? Timing is everything! It's no wonder after 3 days steady run-up, massive selloffs occur with pennies. One must look out for these and not buy at the top or sell at the bottom.

No doubt in my mind that franco sold off at 2 and some change (b.t.w he bought in at 20 cents, 10 bagger means selling stock at 10x the price you bought at). He called C$MA "ten bag city" and he got his ten bagger. Now I'm waiting for more upside movement on this one. Hopefully news will be out soon on financials or the disposal well.

Another thing, just because your broker is serving your interests, does not mean she will serve others. This does not mean that all other brokers will behave the same either.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News