All right, time to respond. First of all I do not pump stocks on multiple boards, only give people an opportunity to invest in stocks that I feel are undervalued. As a general rule I only tell of my stock selections on here and the new Investor Village 50% gains site. Most of my selections are not high priced inflated stocks, that much is true. I am looking to buy ahead of the crowd. I don't believe that people are limited as to how much they can invest. I do not generally invest in companies when their stock price is under $5.00. I only bought tons, (500,000 shares) of BFCF because it was so extremely under valued. I also continue to monitor stocks that I have owned in the past.
I have no desire to manage much public money if any at all. Most of the accounts that I manage are family accounts and a few friend's. I only do that because I was tired of seeing big banks charging huge fees for sub par results in trust accounts.
I have owned SWSH on two occasions I bought when it was Cool Brands in the pennys and sold at $6.85. Later on I bought some and sold for a small loss to buy BFCF at $.70 on up. I will trade a small loss for a 400% gain any day. And I have never said that I haven't lost any money ever, and never acknowledged it. It is just a cost of being in the stock market. I only state that my record stands by itself.
I also lost some money in Orchard Supply but got out early as well. You have to stay on top of developments in the companies that you buy. Like I have said many times you have to be nimble in this market of stocks and that my investing style isn't for everyone. Due to the compounding of gains over 12 years I have a great outcome, and that is what counts. I am sure Peter Lynch had his mistakes as well, but then again he was in the best up market of all time.
As for the fat tail theory, it has made many people wealthy in day trading circles. Like when good news is followed by bad news, a daily occurance in technology and biotech stocks. Nimble, Informed and Risk/Reward are the key words to todays investing. |
