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.

Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31, -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (602)	10/14/2005 11:57:19 AM
From: tsigprofit	Read Replies (2) \| Respond to of 1694

Exactly. That's why I posted that hype should not be part of this, or any other stock investment. Cramer had an interesting take on this on his show yesterday. Now, I don't agree with many of his picks - or at least I think you are likely to be up only marginally if you follow him - but he did have some good general advice yesterday: * Hope has no place in investing. Hope led him to make his worst investment ever - where he once lost $ 17 million in Cendant shares around 1998 for his hedge fund. * He bought - then it went down - and he saw that as a buying opportunity - so bought more, then more. But, he got it wrong, and lost a lot of money. Also leads to one of his other principles: * Never, ever put more than 10% in any one stock. You don't know what will happen. You have not only market risk, but stock risk also then from a single company - and we have seen that even blue chip companies can and do fall from grace. I am worried when I see more than just Jed here putting more than 10% in this stock, or any one stock. I believe someone else said they put 60% of their assets in this EFCR stock. That is crazy - and foolish - IMHO. You could also take most of your assets, and go into the casino - using money management - and try to double your money. It would probably give you much better odds than this play - and less risk - yet I wouldn't advise that either. I hope people here will think about this - and not let hope lead them to reckless abandon with this one stock - or ANY one stock. Being diversified is a fundamental for all investing. The people that do it stay in the game to play again. If you keep putting most of your money all in one stock multiple times - you will lose it all one time. Good luck to all here. >> EFCR has been nothing but "hype" since inception. Hype does not get it done. Hype will cause many investors to risk their capital with little to no regard for the underlying associated risks. And so it goes...