No way;
I'm a physician/engineer who takes care of premature babies, & have no desire to get involved in shorting OTC stocks. You can tell from my other posts I'm mostly involved in Biotech, a few OTC's (XNET & CELN) but mostly NASDAQ stocks; GBLX, MEDI, DELL, MTMC, FRNT etc. Have some self taught training in fundamental analysis & stay away from stock that are being pushed by PR firms that have holdings they've received as payment. (Probably a stupid move, if you're a momentum trader) I'm already in too high a tax bracket to incur a lot of short term capital gains, so I try to pick stocks that stand the test of fundamentals or have a good chance of going way up because of some potential development (Hence, my biotechs like STAT, ALLP, DSCO, CELN)
It's worked out ok for me with ROE of > 500% last year. (Picked up 2000 shares of SKYM last year @ $4 based on my belief it was undervalued, but was "forced" to get out when it when up to $48. You shouldn't interpret my analysis of this stock to be a personal attack on anyone who is long, just my observations, for whatever they're worth. I won't post here anymore & am sorry if I offended anyone. |
