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


To: Wayne Rumball who wrote (1838)9/8/1999 8:03:00 PM
From: Israel  Read Replies (2) | Respond to of 2942
 
Out of those 1400 or so people..

probably 60 to 70% or so are broke after buying one to many stocks at the top...(we need new blood, lol)
5 to 10% cashed out and had themselves a ball..
another 5 or 10% have moved on to bigger cap stocks (I mean who the hell needs to risk $$ in an obscure penny stock, when you can double + your money on stocks like RHAT IIJI PBYP EELN etc etc etc)...
and the rest are lying around, either doing their own things, or sitting on cash waiting for this to pick up...

.. soon this will come back to life.. just a matter of time, happens every summer on the BB's..

Happy trading,
Israel..



To: Wayne Rumball who wrote (1838)9/8/1999 8:20:00 PM
From: SusieQ  Read Replies (1) | Respond to of 2942
 
I think Israel hit it right on the money,

I know I personally pulled a huge chunk of money off the table because of all the gloomy talk back in June, didn't like the odds, I am still waiting to put it back in, may even wait until the first of next year. My guess is a lot of novice players didn't, and are probably gone now. Still think you are the best on SI Wayne. Wouldn't listen to anyone who says different.

Susie
p.s. Kind of reminds me of playing Black Jack, when the cards are good everyone is making money and talking, but when the cards are bad, only the wise experienced players survive quietly while they watch all the novice or unwise players come and go quickly when they loose all their money.