I've done it for awhile. But, I don't keep my shares of CSHK, I sell all of the shares and buy other shares of companies (listed in last post). It has actually fared a nice amount of "free" shares if you want to call it that.
The funny thing about it too, is that I have several personal friends and "work" friends that I walked through this, and now they do just the same as me.
As a bit of a sidenote regarding S4T, BigDog, TokyoJoe's and any other internet stock hype letter, message board, or email; these are gods gift to anyone making money. I'm not talking about doing what they say. That just leads to making them rich and you poor. (They buy the stock or recieve free shares for promoting the companies stock in their newsletter, they announce it, as the mad frenzy starts buying, they start selling. As the stock halts or begins to fall, the mad frenzy switches to selling. EVEN AT A LOSS!!! you get the picture.)
Instead, work against the grain. Watch their picks. It happens 99% of the time. They pick a stock, it goes up very, very fast, it then takes a nose dive. It then goes back up about half the value of the initial rise. Like I said, it happens almost every time. So instead of you buying the stock, you short it (I assume you figured this out already). Nothing more to explain.
Any questions, just let me know. |
