This micro-cap depression applies to most of the small stocks, and has SI posters everywhere dreaming up crap about their favorite companies and the MM's who trade them. On the RNTK thread they are watching RNTK cleaning up their "floorless" preferreds on time and according to plan, while the usual suspects scream for a "death spiral". Other posters on other threads are babbling about taking certificates to prevent short sales and finding villains among the MM's. In other words, the usual bullshit that I have been reading for over 2 years now.
When the turn comes, and it WILL come, the micros will be surging faster than anyone can chase them and all this other garbage will be forgotten. Whether it's next week, next month, or late next year when that happens, NOW is the time to accumulate and hold bargains such as SGII, RNTK, HDIE (& a favorite high-risk play of mine: LEAH). There are many more, if only we had the dough. Traders will never catch up, and will be condemned to their usual role of making, losing, and re-making the same money over and over again, while proclaiming themselves to be successful.
I like trading. I've had some great thrills. That has caused me to miss the obvious-something I learned in casinos years ago: They only talk about their wins, and they lie like their lives depended on it.
Buying and holding here, let's make some legitimate $$. |
