IS TMEX A GOD? PART 1 (TMEX, have I captured the essence?)
Someone asked today...."ALMI what do u think TokyoJoe will say tomorrow? He bought a nice bunch this morning"
Well folks, it's time to ask yourself.....IS TMEX's stock trading style for you?
We all know TMEX is a bit sloppy on DD at times and certainly a cryptic communicator.....he loves the rush of quick buys and quick sells...he even admits that. Personally I don't have the money to lose like he does, so I rarely listen to him....(although it's ironic, HIS VERY BEST PICK IMO in the last 2 weeks may be IGTI...but it's funny no one even bought back in when it took it's TMEX post pump dive. May be dead money for now, but great stock long term and I will buy when it is more timely).
There are better stock INVESTORS here on SI...much better, but TMEX is the best stock MANIPULATOR, bar none...and he is also smart enough to take a loss. He has learned to cut the cord when a trade goes against him and there is ALWAYS a better place to put his money.
He is also well funded. When you have tons of money to work with, his plan is pretty good. Personally I have been unimpressed by his stock picks lately, after his amazing run of IFLY, LEAP, etc. Mediocre stocks don't make anybody money unless you can MANIPULATE the stock. He is the MASTER there. However, if you are not part of his "in crowd" or have lots of money to flaunt, or have a LEVEL II beware.
Most importantly, unless you have his high risk attitude of "win some big, but lose some too", your best way to make money is perhaps to do your own careful DD.
You newbies need to decide which you are....EXTREME RUSH/RISK OR... well chosen stocks that have minimal risk and less quick upside.
For what it is worth....MY philosophy is not for everyone either....but it is to pick well DD'd stocks that are solid enough to hold for the long term in case the buy-in timing is off. Many others have that philosophy too. I am still hoping to form a private thread of people with the same phiosophy as mine. My way is more boring I guess, but I have honestly increased my modest "play money" portfolio form $16,200 on Feb. 22 to $30,100 on April 23.
POINT IS: Many are making tons with TMEX and should stay with that approach, but PLEASE THINK ABOUT WHICH PERSONALITY TYPE YOU ARE!
*****************************FWIW....
Current faves....DGIV and PNLK (short and long term), LCAV if dips to $3.00 area (mid term); HDIE, TAVA, and CMP (long term), TSIS (mid-long term). Also wavering on TGSK (great PE/earnings stability but something just not right?); also DIMG (I am quietly planning a big purchase perhaps....see www.avnewswire.com ...amazing product.
Looking at PHXU, ISDN, PCAP and ALYA tonight.
DAVE......definitely a mere mortal |
