There are more important things than:
There are more important things to worry about than whether someone likes your stock or not. So you are upset, because someone said something negative about you favorite stock.BIG DEAL. So what, if they don't agree with your opinion.Do they rule your world? If they didn't like your house, would you sell? If they thought your wife was homely, would you dump her. If they said your car was a junker, would you drive it off a cliff.
What a shock...people don't always agree with us. Unbeleivable. It amazes me how irrational people behave on these chat threads. It amazes me the energy that is wasted bickering back and forth about who said what, to whom, and when.
I remember conversations like this. As they grew more intense, my father would look over the seat at my brother and I and say "If you two don't cut it out I'll turn this car around right now!"
So someone says something about a stock you own, that you don't like. If it is a valid question, try to answer it, if they persist, and are too lazy to find the answers themselves, ignore them. If you don't know the answer yourself, then perhaps, you should get that answer.
People hammer away at anyone who brings up the belize press release. I posted a link to one of the builders. How many of you searched for the others. How many of you spent the $1.50 a minute to call prime time to verify the truth?
If you didn't, don't freak on those that ask the question, they haven't called either. You just chose to believe, while they chose not to believe. One of you is right, but neither is positive they are correct.
How many of you , spend your time looking for more and more info to piece the "penny puzzles together". Anyone who plays the penny game at the moment, knows that information on your favorite micro stock is hard to find.
Everyone knows that there are people who look to take the high road to investing, while there are others that would sell their grandmother if they had the chance.
There are no newbies on these threads. There are no green, beginners buying penny stocks that do not know that there are people who want the stock to go down , while there are others who want the price to go up.
Maybe the newcommers do not know who the players are, but people are not hard to see. These people who post warnings all over Silicon Investor... What good does it do. None.
You think the "bashers" make the price go down, or the hypers make the stock go up?
Very seldom.
While it is true, the bashers prevent the stock from unrealistically shooting through the roof, they don't make the price drop. It is all of the investors who bail out, the minute the "bashers" show up. Why do they bail out..
Simple. They did very little investigating of the stock. They bought on someone elses opinion. Then, when someone says a negative, true or false, they bail. Why, because they don't even want to research the negative.
How about the people who hype a stock. Post rumors as though they were fact, get those same, "non-investigating, no DD people, to buy in". They are just as guilty. But who is really at fault. The basher, the hyper? They should be ashamed for their methods, but they would not exist, either of them, if one thing changed.
THE SOLUTION
Due dilligence.
If everyone expended as much energy looking into finding out facts about the companies, neither the hypester or the basher, would have a place.
A new thread was created. For information of verifiable nature only. I have not seen a mass exodus over to that thread to help post the information. A lot still has to be posted. Why is it left to a few to post it.
Am I the only one who can post a link to insider trading? Go over post some info. If you want to help your investment, click on Alta vista, start finding anything you can about Pan American Bancorp, John Schmitz, Realty Money Center, Dave Williams, Insider trading, belize, incorporation records, internic registrations, etc.
Look up any related information. Make it easy for someone to look at the research and find out about the company.
Let me put it to you this way.
If you owned Mircrosoft, or G.E. Capital, and someone said, Mircrosoft sucks, would you bail? No, becuase the information is there. Guess what, when bad press comes, believe it or not, people bail, without looking at what the long term effect of the news is.
Take G.M for instance. A strike is announced. the share price went from $110 canadian, to $90 Canadian. Isoman was there to buy at 90$. The strike ended , and guess who sold for a $15 a share gain over 5 weeks. Did anything change on G.M.'s bottom line? Yes, they lose roughly 1 % this year. BIG DEAL, the stock dropped 20% is that rational.
Most of Prwt's float is currently held by long term people. There are only about 15 million shares left to play with, as they are held by daytraders, and people who thought they would buy and double or triple on news.
People like ISOMAN bookmark threads where all of the posting is mostly emotional. We watch it as it skyrockets, wait, wait, wait, and as it drops, we watch the tone change. As it gets more and more angry, we know that the daytraders are getting more and more nervous, the people looking to make 100% a week are getting nervous, so....
Supply versus demand takes over, more selling than buying, Obviously the price drops.How Much?, how many are selling?
So how does this get avoided? Simple, if everyone did the research first, then bought, they would not have unrealistic expectations. They would not bail. They would simply wait it out. Buy more if they felt the need.
Why is the stock at 3 cents. Lots of people bailing, because they didn't get a news release quick enough, or the stock hasn't surged to 20 cents.
If you look at the possible sales, it easily justifies a price of 7 - 8 cents, regardless of the current shares outstanding. That's 7 to 8 cents without sales and net earnings to back it up. Once those numbers are released (And I am so glad that by Nov 1, 1998 all otc stocks will have to) it will be so much easier to pinpoint an exact price.
-------------------------------------------------- Anyway, if you really want to help, start digging up info, and posting it.
The quote is
"You shall know the truth, and the truth will set you free"
Truth is all around us, yet many don't take the time to look for it and try to understand it. Truth doesn't set you free, the knowledge sets you free.
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