Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (8806)	1/30/2000 5:32:00 AM
From: lakers17	Read Replies (1) \| Respond to of 9440

Lots of good points... Lot's of good discussion. Everyone should have their own system and be disciplined. Mine is to always buy near the bottom(yes I'll lose a few that run) and diversify big time. I'm up to 27 pennies now with number 28 coming on Monday. If one tanks so be it. No one can be right all the time even with all the DD in the world. With diversification an investor can't be hurt if a stock goes under. Some investors go for the jackpot and load up. In either case you have a 50% chance to be right. A stock is going to go up or down even if stagnant for a while. With DD the investor has a better chance to beat the 50% odds. That's why most successful penny players will have way more winners than losers. Also most penny stocks are called penny stocks because most never go to NASDAQ. Greed is a big factor in the pennies and most stocks. Qualcomm last year's big winner has given back 33% already this year. What goes up most times comes down. Always lock in some profit. Even in my diversification I have momo plays, short term, mid term and long term plays. My goal is to expand my portfolio to 40 pennies by the end of the year. I won't make as much as those that get lucky loading up on 4 or 5 stocks but I'll do well but I want get slaughtered either. I'll keep looking for bottoms and wait. Patience is the key in the pennies. While some will break out and become gems most others will go up and down all year. I play those spikes that will come on most pennies 2-4 times a year. It's hard being patient but you have to do it. And never chase a penny stock unless you've done your DD and the fundamentals are sound. Buying high or chasing a penny will lead to financial ruin 90% of the time. Lakers

To: Ga Bard who wrote (8806)	1/30/2000 11:12:00 PM
From: Andrew G.	Read Replies (4) \| Respond to of 9440

Gary: You have answered affirmatively to these questions: - If there were an electronic exchange for OTC:BB stocks as there is with Nasdaq stocks, do you think that any trader/investor would be any better off ? - With no MMs to manipulate the stocks in the manner you described, do you feel you would do better in your trading ? It then begs the conclusive question: Why do you bother trading pennies ? In other words, if you feel you would get a more fair play for your money on other exchanges why tolerate the unfairness in the OTC:BB market ? My feeling is that despite the inequities that exist with OTC:BB stocks one must accept that they are an inherent aspect of that market and one must assume he/she will be faced with such adversity. It's the nature of the beast. Allow me to take this to yet a higher plane; the adversity we face in almost any situation in life. We would all like to face a life where rational decisions result in rational outcomes. But very often things go wrong for unanticipated or improbable reasons. We see it in sports. We see players, coaches, referees, and umpires make mistakes. We see instant replay of obvious errors. Yet all must agree before a game is ever played that such mistakes are a part of the game and one is either going to accept that or not play at all. Victory is never just a case of superiority in brawn or brains. It is tainted with a heavy element of chance that we can't ignore. Someone will get lucky and someone won't. For all the preparation that I do, the DD, the phone calls to IR's and CEO's, etc. ; before I press the key to buy a stock, I often find myself asking the question Clint Eastwood posed in a famous scene : 'How lucky do you feel ?" Whenever I feel myself ready to complain about MM manipulation, a brokers inability to fill an order promptly, or a companies complacency towards shareholders, I need to remind myself to look in the mirror. It is I who chose to play this game. I must face this adversity with all it's inherent flaws or not play the game at all.