My humble opinion on the plan:
The idea, based 99% on the rocketeer model, is based on organization and trust. We will be equal at every stage, and we will organize it so it will be convenient for everybody.
After we tally the people who plan to join, and we will do that on this thread, we will move our discussions to PM and email. We then search for possible companies with all the features given by Kurt post, link below. Small float, huge possibilities, and frequent news. we find five or less of these companies, then everyone in the group does DD, calls the company and really dig for information, then based on the information we vote on the company we plan to invest in.
On the same track everyone of us declares how much he plans to invest, so we can get an idea of how much control we can get over the float. The investment, say for example 20K, will be divided as follows 7K initial buying, 3K first dip buying, 1 K for every dip after that. The same proportionality holds for a 10K investment or any other figure. The buying will run from a week to month until we get full control.
We will start initial buying 5 minutes after we vote and 3 hours before close. Next day we start declaring the value of the stock to everybody. We buy on dips, and let others raise the price, we follow the Rocketeers approach of encouragements. If all goes well we might have our first joint pick on Tuesday.
Again the above is just my opinion on a possible approach, feel free to correct me, or change the whole approach. Especially you Kurt, I want to hear from you on how we can organize the Rocketeer model.
Again thanks everybody.
Two important posts by Kurt:
Message 4698262
Message 4698217 |
