To: J. Nelson who wrote (3346 ) 2/19/1999 1:33:00 AM From: SyndicateOne Read Replies (1) | Respond to of 4650
I was thinking back about my experiences over the past year and thought I would share with you some thoughts that I think might help. I know that maybe some of you guys might be new to investing (hell, just call it gambling because that's what it is) and might now find yourself upside-down. Maybe you bought this company when it was at .17 or .18 last week and thought for a minute there on Monday that you were going to take a big hit. Don't get caught up trying to catch up all at once. I lose all the time. These pennybaggers are perfect for the small guy because of the potentially fast way to build your account. Looking back, I have no idea how I got as far as I did buying $20+ stocks with only $4,000. When you can only buy 40 or 50 shares of a stock that is at $70 or so, the commissions kill you. It is all a head game. You have to not fall for the spin of the trashers, but do listen to what they say. Just don't let it get you down. Focus on the big picture. BIOMODA could announce tommorrow that they found a cure to breast cancer and there would still be clowns here trying to take it down. I don't know why, but they're are always there. But I do want to listen and see if they have anything of substance that might be of some value. They might be telling you the truth sometimes. How do you know? It's the content of their message. Verifyable facts? or bogus gossip and propaganda? Everyone is so used to believeing everything they read it's sad. Always keep in mind one thing regarding trashers and dumpers: Ask yourself why is it if they were so sure that this or any company was such a loser, how come they have to make sure I sell mine too? Why would anyone else care about me and my stake in this or any company? I doubt it's because they're stock market vigilanties; out to save the world against big bad hypsters and pumpers. I don't think so. You usually won't find bleeding heart liberalls near a capitalistic venue, especially the stock market. If they have a good reason to get the bad news out, then it will sell itself (the news that is). However if you're a doom and gloomer, posts like that of Thomas Burke get you thinking that this company is a scam and the prez is a crook. Personnally I question his post regarding the prez threatening him with lawsuits and saying crazy shit like sending PIs to track down posters here. Please. Oh and don't forget the part about offering him .10 per share to shut up or something when the stock is at .08. If you're going to buy into that BS then you will never get ahead in the market. No way no how. Let's take ADOT: This company went public it looks like back in '97 I think. It was at around $2.00 then. A slow methodical drop since then I can only assume because of no apparent growth. If you look at all their press releases from that time, all you see are random financials released. Looking at those you see some progress, but with no actual company events such as installing new billboards, I wouldn't want to own the stock either. The public has to 'want' to buy the stock. So looking at the past stock cycle here is decieving. But what do we have now? All of a sudden a flurry of statements and news about events at BIOMODA and reporting status of ADOT. Things are just now happening and people all over the place are talking about it. One common denomonator in all of their balance sheets from '97 on is the re-investment in the company. That can't be denied and has to get you thinking. Last August I COULD have bought GGNC at .17. I paid more attention to the clowns trashing it and held back and watched. Actually I kinda didn't pay attention as it went while I wasn't looking from .17 to almost $6 1/8 the next month. Can you say DUH! If you're not carefull that is what the trashers will do to you. But GGNC now hovers at $2.50 and rolls up and down to $4ish and back every month or so. Someone made bank on that deal! Something just tells me that this is going to .50 soon. I very well could be wrong, but it just has that feel. I'm going to hold my 85,000 shares for now and keep an eye on it, ready to let it go at a moment's notice if I have to. By the way if you don't already, I recommend using E-trade if you are going to focus on both NASDAQ and OTCBB stocks. They are only one of a few that allow to buy and sell OTCBB stocks directly from their website for only $19.95. I used to be at AMERITRADE and had to call in the orders. I would be on the stupid phone for 45 min sometimes. It was a joke. Just my 2 cents. The Syndicate