TO ALL: Could we as internet investors be dividing ourselves at our own expense? It seems to me that fewer stocks are enjoying massive runups, because penny stock internet investors are scattered among too many picks and on too many threads. We no longer are able to communicate effectively. I recall EVERYBODY a part of the NETZ runup. BAAT, too.
Then it happened:
Tokyo Joe started 2 Cafes, GaBard preferred poetry and sparkling water to sleepers, Joe Copia started his area, Big Dog inherited a Dog House and many simply switched channels to Daytraders IRC. Investor/traders went where they felt most comfortable. Now when really big news happens, it takes so long to spread the word that we more often hear about a stock well into its move. And nobody likes being last to the party.
It seems everyone has a newsletter touting a different stock to still another group. Undervalued Dog, Top Dog, OrgasMick, CW, PEAllen, etc., etc. There are so many pilots heading in different directions that the plane's capacity is near empty and the passengers are only rarely arriving at their destinations.
Bottom line: I don't feel we are making as much money as we used to make.
Solution? There is none that will please everybody, that is for sure.
Any lasting solution would require compromise on the part of the "pilots" and would involve a sort of alliance. Perhaps merely the ending of the urinary relief contest would set the stage for a pilot's alliance. Who cares WHO picked what first? On NETZ, I saw TokyoJoe, Joe Copia, GaBard, BigDog, Undervalued Dog and on and on and on...all making money. And I have yet to hear anyone complain about losing [tho some must have bought at high].
It is OK to pick another's pick. In fact, it is flattering and shows respect [something we could use more of here on SI]. There is no prize for "the one with the most good picks." So rather than forcing that issue, which ends in mediocrity for all, let's work toward finding a few terrific picks together.
Imagine for a moment if the above leaders [and others I may have omitted], all chose the same stock at the same time. Instead of dozens or hundreds of us 'so called sheep' running to buy, there would be thousands of us. There is power in volume.
As things are, I am inclined to stay away from ALL picks and search for unheard of companies, then buy in stealth mode. It seems that lately, when internet buying comes in the edge is lost and the stock begins to tank. We have the technology on our side, better than many real world buyers and even MMs. Private messaging may be the key.
A united front by our quarterbacks will gain the respect [much of which has been lost in recent bickering] of the internet investor/traders on SI and throughout the investment community. This will serve to draw more investor/traders into our SI community, which will further serve to increase our edge. Trading OTC/Micro Cap Nasdaq is hard enough, with scams, reverses, inside info, MM manipulation and high volatility. Let's pull our star players onto the same team and work together toward the common goal, one play at a time.
And let's win one for the Gipper.
Rande Is
~~NOTE: These opinions are my own as a private investor/trader. They are not intended to cause any organized effort against Market Makers, because that would violate SEC regulations. Penny Stocks are risky and should not be considered a sound investment. Only trade what you can afford to lose. |
