I might be doing something a little different.....
I will definitely be adding the Board of Stock Pickers to the Club this weekend, but I have been thinking...
Originally, when I started this thread out, it was just an experiment. I did not expect it to grow the way it has. I think we have a great lineup here and on the Internet that follow the thread.
The Club grew very fast, which resulted in me cutting the list off. I opened it back up temporarily, then cut it back off. The website has ran up to a hit count of around 23k.
Also, when I set up the thread, I wanted only NYSE, AMEX, or NASD stocks. Why? To avoid scams, corrupt info and manipulation. Recently, we have only chosen OTC BB stocks. I enjoy the challenge and fun of investing in BBs, but it is very important to remember just how dangerous these stocks can be. There is SOOO much corruption in these stocks. This is why the SEC is trying to crack down on them. Also, with the thread getting a little attention everywhere, shorts could be a problem.
I think that only investing in OTC BBs is completely insane unless you have the time to sit in front of a computer. This is why OTC bbs only make up around 25% of my portfolio. I do not want to risk the name of the Club and its quality by accidentally getting into some scam or hype job and thus resulting in many of us losing our investments..then there would be nothing left of us.
I think that keeping it down to 2 stocks at a time is going to be a very wise thing to do. I think we need some "fun" money, along with some 'investment" money. This will give an equal overall investment portfolio and would take out any major "damage" that might happen.
I am by nature, not a penny stock picker. This is why I turn to people like EzMoney and DEXX to do this for me. I like to deal with unexploited or unrealized fundamentals on stocks that can be exploited by research.
Also, some have claimed that I am some "hypester" because I said "long-term" and sold out earlier than their version of "long-term" The only reason I ever sold out on a stock that I considered "long-term" was because it ran too dang fast. So far, everything CF has gotten into has been OTCbbs These are very risky. THey move very fast and fall faster. This is why when I get a 100-400% on an OTC stock, i get the heck out, no matter what is going on. Sure, I miss some profit, but I take that huge risk factor out. I think that instead of calling it long-term, I am going to start setting "trading times" or calling how long I plan to hold the stock. This will give a much clearer understanding of how long I plan to stay in it. I don't get married to stocks like some people do. But, I don't play the pump and dump either. PnD is in one day, out the next. I plan to buy stocks with a holding time 1 week to 1 month. This seems to offer the best returns...
So, I plan to start limiting my stock watch/investing syle down to 2 stocks. One in the OTC market and one on the Nas, NYSE, or AMEX. I think this would be much better and safer for all.
Typically, when I do report, it will be on a company that is hard to find info on--OTC STOCKS--I wont do a report on bigger companies (listed), because so much info is available.
This will be the new Club Fatt! Investment Strategy.
FM
OTC holdings: GOCA, XNET, CVIA, MXNT --looking for a penny play
Listed holdings: MNNBX, AVLFX, AOL, T, C, possibly NPNT tommorow! |
