Mr. Brotherson.....
You are confusing results, with common decency.
The results that MOST penny stocks yield are loses for the people that place their hard earned money into these pieces of crap, that quite frankly I am aghast to see the people that perpetrate the frauds are able to get away with it.
I understand that the public market fulfills many entrepreneurs's need for capitalization.
Indeed, the penny stock market does SOME of that.
However, the sad reality is that the great majority of the pennies, are mere blank checks for less-than-honest performers of Voodoo Chemistry, i.e. convert hard earned money by well intentioned members of the public, into personal funds of these "entrepreneurs".
Decency, has to do with doing the right thing, based on specific standards of ethics.
My pointing out the realities of the pennies, and then make fun of those who insist that whatever company is a "sound long term investment", in spite of clear and repetitive evidence demonstrating a pattern of deceit, I believe it to be, no more and no less than being honest about my intentions, and speaking with the truth.
Perhaps you do not like my style, and that is fine by me, you are indeed entitled to your opinion, and I admit, that perhaps not everyone is going to like my style, but what's new under the sun ?
In your reply, you suggest that I "show you the way" in the field of investment.
I can not do that due to the simple fact that I am not qualified to do so. Therefore, not only it would be illegal for me to do so, but also unethical.
All I can tell you, (given my own practical experience, observation of other's, and actual performance results), is that most penny stocks are simple frauds, in my opinion.
If you do not believe me, then check the records, look at the graphs, and co-relate them to their promotional techniques used by either the companies themselves, or their paid PR firms.
Contrary to these statistics, look at the blue chips, yes, they are far more expensive etc. but you get what you pay for....
Again, do not believe me, go check the records.
Try to look at these records, without emotion and/or passion. forget you invested in these things. Forget I even exist.
If your analytical skills can show you the clear pattern firmly established by the majority of these companies, you will see, indeed you will agree with me that the people that "invest" in these things, are taking a disproportionate amount of risk, and further, in the end,they lose money.
Why do I know this? Because I trusted people, who had my trust for YEARS... and then they became part of the PR firms, and used my trust in them to take me for a ride.
So in essence, when I refer to penny stock market "investors" as Morons, I know, because I once was one... pretty simple eh?
When you are buying stocks like these and begin to go up like they are the next MSFT.... Guess who is selling them..... guess who are the "shorts"... Mostly, the PR firms, or indeed the principals, who in many instances have issued stock, off shore, where they do not need to register them, (I believe they are called "reg S" shares, I am not entirely sure of this, but I am close), and probably these shares under different names. There are a number of different "techniques", and not all of them are used every time, however the result is the same. People get ripped off.
My guess why this is possible, is because the SEC simply can not keep track of all these penny stocks, particularly those that are not "reporting ones".... practice that astounds me.
But I did not make the rules.
This whole exchange right now has nothing to do with the market
Oh but it does, yes it does! It is the Psychology involved in the market, it is the very reason fear and greed exists.
You want a suggestion, very well, here is one:
Read a book called: "Trading for a Living" by Dr. Alexander Elder
ISBN 0-471-59224-2
He is a real doctor, a psychologist, in fact.
You want to educate yourself ? go to his site
elder.com
No, I am not associated with Dr. Elder.
Here is some simple rules:
goodnet.com
When it comes to the stock market, the biggest enemy you have, is not the circus masters, nor me, (or the likes), YOU ar your biggest enemy.
If you have a specific, strategy, system, and you have the discipline to follow it, you could not care less, what the world will say about your decisions, your stock choices...nor anything. (remember, I am speaking about the stock market, nothing else).
Indeed, you would not give a rat's arse about my opinions, one way or the other, because you would know what stocks to pick, and if you were wrong, you would also know what to do about it. my opinion, or anybody else's for that matter, are irrelevant.
Again, not advice, mere opinion.
Not a chance, my statis of disabled veteran (that makes 5 times now) is a badge of honor to me, one to be displayed proudly, not to hide in the closet, as you seem to want me too. Every scar, every pain is a memory of freedom, and while I do agree with you about if something could be done, it cannot and I accept that fact, but I will not agree to hide it because it makes some uncomfortable. From reading my posts compared to your posts, In all of your knowledge, and all of your success in the markets, you have forgotten the human factor, the kindness factor.
I am not disputing one ounce of your courage, nor your pride, I have already acknowledged that, but when it comes to the stock market, whether you like it or not, (and I do not mean to be insensitive), but it is irrelevant, period.
What matters in the stock market, once everything is said and done, is this:
Did you make money or not?
If you did, you won, if you did not, you lost.
In the market it is done everyday, it is called "mark to market."
Individuals should do the same, based on pre-established, and self-imposed standards of tolerance to loss and risk.
The rest is noise, and believe me there is lots of it.
If I were attacking or questioning your combat experience, your commitment and loyalty to your principles, then I would accept and consider your reference to your military record.
But believe me I am not, I already told you that.
All I am arguing here is the soundness of a penny stock as an "investment", and expressing an opinion in reference to the individuals who blindly believe in the wisdom of such "investment".
I will add, in spite of the clear record of the same, and the pattern established by similar stocks.
No more, no less.
You question my decency.... in all honesty, I believe myself to be more decent than all the hypesters and promoters of the pennies.
At least I am clear as to what my intentions are, you may dislike my style, but, that is a matter of taste, therefore, highly arguable.
Most importantly, I am not after your money, the hypesters are.
z. |
