<<1) Why should the company bother to take any recourse?
As I said, it's a debating point and pretty useless, don't you agree? A pinkie or other microcap has enough to do to implement its business plan. They shouldn't be concerned about tout sheets or message board posters unless there are lies perhaps. I don't think you are saying that the touts were lying, just that they were touting. I.e., if the tout sheet says, "company told me they are going to hit oil 100% guaranteed." But that's not the case.
I never said the company SHOULD take recourse, only pointed out the slightly deceitful post in which the poster said a third part was doing this and the company was helpless with no recourse..basically, he said 'somebody else is doing this and the company can do nothing about it'. Again, not saying the company SHOULD do anything, only that they can.
<<2) Whether your shares are free or not is as immaterial as someone claiming that they have a bazillion shares. In order to successfully trade or invest, you really should mentally mark your holdings to market each night if not more often. I've done surprisingly well with SPRL. I really am in at under .03 but I did not sell and looking back I was stupid not to sell some. Of course, I would have kicked myself if I sold and it went to a buck. So I fell prey to emotion, fear and greed, but I'm human. (I also don't have a bazillion shares as it is a relatively small part of my portfolio.) >>
I did sell some close to it's highs and did keep free shares....Additionaly, I stated, free or not, I would only remain long if I liked the prospects. Now, why would I kick myself if this goes up to the moon? I have no risk. I have a guaranteed booked profit even if this goes to zero...sure, if it shoots to the moon, I wont make as much as I would as if I held all my shares, but I will still be doing pretty darned good and wont be kicking myself for selling some. Meanwhile, I dont have to worry about kicking myself for not selling if it drops to a penny....Personally, I am very content with that scenario.
<<I primarily trade OTC BB and nasdaq and amex so I wanted to see the patterns and this wasn't a huge holding for me. I could easily sell some shares and say my shares are "free." However, I'd still lose big bucks if I call it wrong. So to me, having "free shares" doesn't mean much at all. >>
Not a huge holding for me either. And how would you be "wrong" if you sold enough to get your money off the table, with a profit and shares still riding in either scenario? It goes up, and you already have a booked profit and more to come as the shares you left riding go higher. If it plummets, you already have a booked profit and can sell for .01 and even that would be additional profit. I kinda see that as a no lose situation.
<<What I'm saying is that you really need to evaluate the story on a continuing basis not be concerned about your own cost or about someone else's cost, including mine. >>
I try to evaluate everything and you may be right about I shouldn't be concerned with somebody elses cost basis, but how can you say I shouldn't be concerned about my own cost basis?
<<Psychologically, I do realize that all of us have that weakness. One of the basis behind TA in theory is that we all want to "make a profit." So we look at our shares based on our cost. Are they "free?" Have I doubled my money? That's why most of us make the wrong decisions in my opinion.
However, when you look at it logical. It really doesn't matter, other than for tax reasons if I have made a 5-6 bagger on this, which I have. If it goes down tomorrow, I will still lose money tomorrow and my decision to hold will be bad in retrospect. Even if I sell with a 4 bagger, I still have made a bad decision today.
Similarly, if I am in a loss and I hold and the stock goes up. Even if I don't get back to break even, I still have made a good decision TODAY. As I said, it only really matters for tax purposes.>>
Hard to really understand that. What matters plain and simple is REALIZED GAINS and LOSSES.
<<3. I like my own methods of investing, which I've outlined many times on the kitchen thread. I've been very successful even in bad markets. I've finally come across this method the past 4-5 years after years, actually decades, of investing in other ways. I'm not going to comment on your style or on John's or anyone else's, other than to wish you all good luck.>>
As I said, the ONLY thing that matters is REALIZED GAINS and LOSSES. What method we each use as individuals to try and achieve our goals will be different from person to person. However, we are here to talk....learn....exchange info...And sorry, but yes, I do still think it is foolish to have all eggs in one pink sheet basket, 3.5 mil of them, that goes up 800%, and not a single share is sold, is foolish. I am an upfront person. I say whats on my mind. If we are here to discuss, to educate, to exchange info, I have no problem saying I think that is a foolish way for ANYBODY to invest. And if someone wants to comment that they think my investement strategy is wrong, they are welcome to and I would welcome to hear constructive criticism. I am always open to new wyays to improve...so far, what I have done has worked well...I like putting myself in no lose situations...
<<4. Again, what you say are lies are really expressions of ownership. On the internet, I consider these statements all kind of "mine is bigger than yours" stuff and to be ignored. I haven't seen any lies about the business plan or the prospects. I've seen opinions about where the price should be. I use them as subjective indicators and not objective parameters or guidelines. If they are whacky, I totally ignore them and you probably should too.>>
Some are 'expressions' as you say and others are outright, 100% lies. Big Differance, imo. Not from the company...from the posters....
<<Anyway, I'm adding to the debate and I really didn't want to do it.
I'll suggest to you in a nice way that you may be better served just discussing the postitives or the misgivings about a company and don't be so concerned with someone else's claimed holdings. Believe me, you are free to post as you wish. You seem like a good person but just have become a bit obsessed with someone else's style of posting.
Take care.>>
You are 100% correct. And believe me, I am not "concerned" about anybody elses holdings....however, I will call out a known and confirmed liar and again, if we are here to discuss, learn, educate, exchange info and etc.....then yes, I will discuss investement strategies. But believe me, I am not losing any sleep over anybody elses holdings or strategies <g>
You take care as well...as I said earlier, I do not wish harm, ill will or losses for ANYBODY....I wish nothing but the best for all mankind ;>) |
