It is insane. And I am surprised that I ever got involved with being a "basher". I never had any desire to get involved in any of these stocks. A penny play, is supposed to be an in and out, however they rarely are any more. I think they were in 1996- early 1998, by the mid months of 1998 the end of the quick cash came to a halt, which was unfortunately my entrance.
I am currently involved in the PABN/PRWT (name change) thread as a less than stellar poster of information. Prior to this current condition of mine, I was always finding the twist to the positive. I used to have more difficulty posting information, now, geeez, all I have to do is dig through posted information and there I find contradictions staring me in the face.
I can understand why people who are not financially involved in a company can find such information to post. If you have financial ties, you don't want to point out the short comings of a company to others. It's like selling some old car you know is in need of some repairs but you figure it's an "as is sell", buyer beware. However, any savvy consumer is going to ask questions and kick the tires. The problem with BB stocks, is that the threads are swarmed by posters who do not spell out information honestly, they'll block that tire kicking. They behave like some used car sales man who exaggerates the qualities of some Aries K car by Chrysler.
However, the sad truth is, the "destructive" information is usually on the thread, buried, posted earlier that nobody remembers. If all you do is post stats between a few months, chances are you'll find dirt. And, unfortunately, most penny investors do not want to know about the dirt. They prefer to remain ignorant about a bad investment rather than be alerted to get out. This is fine for them, however, without somebody posting the ugly side of the company, new investors are suckered and lose money as well, and most likely instead of handing off the torch, the sticky sucker stick is passed on. |
