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Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?


To: Wayne Rumball who wrote (933)8/12/1999 4:29:00 AM
From: Tom Allinder  Read Replies (2) | Respond to of 2942
 
Fear and Loathing on the OTCBB....

1. Buy at the bottom... then watch the stock find a new bottom as fantastic news is released.

2. Find a stock in a long base with average daily volume of 1000 shares and a developing story of new technology or some other fabulous event.... place an order for XXXXX shares. Once your order is filled, you wait in quiet satisfaction for the coming news. The news hits the wires... You think to yourself "time to rock and roll"... you watch in amazement as the stock is assaulted by sellers who appear from nowhere and drive the price down to a multi-year low.

3. Find a stock that is fully reporting, has a POSITIVE EPS value, is in the process of acquiring profitable companies that will add significantly to this already positive EPS value and that no one has paid any attention to... Tell everyone on SI about it, tell all of your friends about this undiscovered gem. Watch as record volume comes into the stock as you and all of your friends and fellow posters take a long position in the stock.... Begin to get puzzled as all this buying doesn't seem to move the stock up (while three weeks ago, 1/10 of the present volume moved the stock .35). Watch in horror as the stock tanks .20 to a new multi-month low on 7500 shares worth of sells in the last 15 minutes of trading.

4. Ignore stocks with fifth letter of "E" on the ticker... after all the company management hasn't a clue as to what they are doing. Observe in puzzlement one day this week as you scan the most advanced issues on the OTCBB and see that 2 of the top 3 advanced issues on the OTCBB have the dreaded "E" on the end of the ticker.

5. Ignore a rumor of fantastic news or some new development on a stock because you can't find any information on the company no matter how hard you try... you can't find any one at the company to talk to... all the phone numbers you try are met with the "I'm sorry, the number you have dialed has been disconnected." recording, the last news release from the company is from 1995, the last 10K/Q is from 1992..... Then watch in disbelief as the stock advances 25,000% on 1000X normal volume the next day.

6. Ignore obscure hype stocks you receive through the email from individuals you either never heard of or that has a reputation as a P&D artist. The story is usually something like: "cure for aids", "cure for hepatitis "C"" or "multibillion dollar deal with MSFT"... out of curiosity you decide to have a look. You notice that the stock hasn't had a news release in 3 years, no financial information available... in fact, the stock appears to just be a shell. Surely no one would believe this hype. Watch flabbergasted the next day as the stock moves from .05 to $5 on 50 million shares traded.

7.... Add your stories here....

Tom



To: Wayne Rumball who wrote (933)8/12/1999 12:33:00 PM
From: daddydo  Read Replies (3) | Respond to of 2942
 
Lance,Wayne or anyone please tell me how lmki can have news releases as good as they have the 10th and 11th and the volume is at 210,000-105,000-and then today at noon only 25400 shares traded.that sucks thanks in advance and if anyone knows something i don't please let me in on it.Hope everyone has had a chance to look at loch,because it will go much higher,hopefully as soon as sept.They have a website on yahoo for dd for those interested.I believe it is www.lochharris.com good luck