gaj, pleasure to meet you. I see your integrity in your words. You bring up some excellent points and I think it is important to address them. Here goes:
"20 something people can't move a stock by themselves. they can get one rolling - *maybe*. if everything's done right, and then 'spreading the word' o a. the question is...since I'm assuming most people here have been victims of p&d, do you want to perpetuate that to others?"
The intent of this group is to privately 1)identify, 2)select, 3)purchase and publicly discuss quality small stocks. I don't plan to participate in 'junk' stocks with P&D hype schemes. There are many 'undervalued' legit stocks out there, too many... If we are good at picking the winners and we don't get greedy, we'll simply be bringing attention to an undervalued situation...that's key.
The reality is that everyone is trying to get everyone else's money...the company is trying to get ours, shareholders are trying to get each other's, and on and on. We need to find beat up little co's that are underpriced. I have no problem buying at a low and selling on the way up...I've sold many WAY too soon. That's the nature of the game. I think a huge benefit of the team is the open/unbiased sharing of info. If we all trust each other, we can get some awesome DD done.
"more importantly...complete dedication is needed, and the optimal
way for anyone to buy/sell a lot of shares is buy them in groups (not all at once) on the way up, and then *before* it peaks, sell into
the others' buying. otherwise, when selling the clump, the
price automatically will go down (if selling on the downside).
i'm just stating that so that no one goes bonkers buying all at
once. what the MMs will do if they see that is raise the ask
only....and, then when selling begins, lower the bid only. they're
no fools."
Agreed. That's the advantage of the small group with several stocks. I think today's buys were reasonable (a little anxious, but reasonable). As far as sells go, I realize that first-in should be last out. It would also be good to do this when volume is high. I'm in early on s1, and willing to wait for those in after me at a higher price that want to sell first. As long we're picking winners, and the group does not get too big, there will be plenty to go around. I'm in no hurry, the key is picking a good co...and verifying it's potential.
"it's better (as wayne mentioned) to go into stocks which *have* volatility already...it's a lot easier to move a rock which is in motion than to start pushing one."
This is a good point, I think our analysis/selection board MG, Wayne, yourself? and whoever MG feels right about, need to take this into consideration. We all can't select a stock...I think to defer this to a smaller section of us is best. However, a focussed discussion of the pros/cons on the 'hit' board is necessary while we begin staggered buying. There's always the chance we get a bomb and everyone that is buying decides to run for the door...that's life and human nature.
"i'm also very scared of stocks which have done, or are thinking about doing, reverse splits." Me too. This is one of the 'bombs' I referred to in the above sentence. RS is total BS...and I trust everyone on this team agrees with that.
SR |
