great estimates, tell the mm's we are still .039 x .040!
They already know, they have calculators too. They're trying to make a living too. If they know that many will bail as the price drops...they drop the price.
If they know that many will buy, if they raise the price, they raise the price.
MM don't take into account the future of any stock. They take into account, investor sentiment. Many of the investors are nervous and jittery right now.
The MM have put on BiBs and are awaiting the buffet.
Look at it this way. In June it ran to 12 cents, on one press release, the possibilty of mortgages in Belize.
Now, 1 1/2 months later, and 5 more press releases, a government press release has stated that PanAmerican does not have an agreement.
Of course, if you look back, you will see that Dave WIlliams has said that they would be fronting the money for the homes.
The belize press release did not say
"We don't have an agreement with Real Money Center....Real money center will be acquired by panamerican in 2 weeks"
Think of it this way. The ink wasn't dry on Real Money Center, so PanAmerican couldn't just come out and say "Yes we have a deal in Belize, only it will be through one of our future subsidiaries."
First, that would let the cat out of the bag, secondly there might still be future acquisitions, that are either completed or will soon be completed that are also involved with the deal, and by explaining the whole scenario, it could screw things up.
When was the last time, you saw a company that had competition, let the world know what it intended to do in the future.
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Bill Gates is extremely paranoid, he has a body double, and he often hires the best in the industry, people of well above intellegence (He will make me a vice president soon) and pays them huge salaries to wander around his headquarters, and do whatever experiments they want.
Why, because if they are on his payroll, they can't be on someone else's payroll
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Investing one O one.
If you say pennystocks to most people, it becomes an imodium moment. Most people shudder at the thought of investing in the Big exchanges, let alone the small caps or pennies.
In fact, It is like pulling teeth to get some of my acquaintences to put money in growth mutual funds.
Most people are terrified of investing their money. This is why they will pay an idiot (read financial planner) to take their money and blow it for them.
( before you jump all over me about my opinions of financial planners, take this simple test, next time you are sitting with one of these "planners" and they say "do you have any questions" say this:
"Yes I have one maybe two"
1st....ask him/her "how old were you when you became a millionaire"
If they can actually answer that (if) with an age then ask this:
2nd ...how many of your clients have you helped become a millionaire.
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anyway back to what I was saying. Most will not take their future by the horns.
The stats are these:
By age 65, of the people still alive.......3% of the population will enjoy a retirement income of more than $40,000 a year.
40% will have to rely on pension plans, and government assistance
30 % will rely on friends and family for help
27 % will still be working.
Source stats Canada 1996
that means that 3% will retire in dignity. These are the people who planned for the future.
Steven Covey said it best in his book the seven habits of highly effective people "begin with the end in mind"
This one habit, is overlooked by so many.too many
they live their lives every day as "Wandering Generalities" rather than "meaningful specifics"
The point is, you can't get somewhere, if you first don't know where you are going.
So let's say you decide that you are 30 and you wish to retire at 50.
You also know that a safe CD with one million or more invested will yield you 10% interest most likely in 20 years.
You decide at 50 you would like an after tax income of 100,000 per year.
This tells us that you need to have 2 million invested in a CD (gic for you Canadians) by the time you turn 50.
You are now 30 years old. You currently have $2000 to invest.
Following Covey's principle, what do you need to earn on your investments each year to get to your goal?
There are two answers to this question.
The first answer comes if you do the math on the one time investment of $2000.
The second answer comes if you change that to $2000 to invest each year.
In the days to come, I'll post the answers.
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Most people don't think this way. They invest hit and miss style.
Some one waves a pet rock in front of them, and they invest, ....for 3 months, then bail because it isn't growing in value. One year later they say, if only....
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Here is what most people are trying to do....
They are trying to put money in a stock, watch it double in a week (2 weeks max) and then sell out. Can that happen. sure. People are at the right place at the right time often. If you bought shares in Microsoft at the low in 1989, you would currently be holding a 90 bagger.
But how many Mircrosoft shareholders do you think there are that bought and have held for 10 years?
We know Paul Allen held, and Billy did.They're doing alright.
Everyone of you should ask these questions?
Why do I watch the price daily?
(a) I dream of a double or perhaps a triple (dare I say 10 bagger)
(b) I want to buy more shares, and I want to get the most for my small investment, so I am waiting till I feel it is at the low. (reasonable)
(c) I like the taste of tums
Granted, you should keep an eye on the stock, but, to watch it from 9:30 to 4:00, if you are not a professional daytrader, that is just a slow form of insanity.
your time would be better spent researching the investment you have made, researching the sector your investment is in.
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A lot of people have bailed in the last two weeks, because the belezian government printed that consumer alert.
Of course people will bail.
At 5 cents, the bailing slowed down.So the MM droped it below 5 cents to the low 4 cent range. Some of us bought. More sold. Then the selling slowed down. So the MM have dropped it below the 4 cent range.
More selling. But some of us have bought yet again.
Now when the selling slows at this price range, what will the MM do?
Well that depends.
Most of you have turned this into an all or nothing situation.
All if the Belize deal is real.
Nothing if it isn't
So you tell me what the MM will do.
If no confirmation, do you think they will raise the price?
No, they know more will bail.
If confirmation comes out, what do you think will happen?
They will jack up the price.
The MM know that the penny industry is emotions driven how come most of US don't?
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Some logic to back up your emotions.
If the deal were not real in Belize, why would a builder in belize, provide verification of his roll in the project, and Know about Panamerican Bancorp?
If the deal were not real, what did William Hayden find?
If the deal were not real, why would the embasy direct us to Giovanni Smith.
If the Deal were not real, why Would Dave Williams, talk about his involvment? |
