WHEN TO SAY WHEN. . . .
I have said here before that much of my time is spent answering email. . . Daily, I am written by folks that followed bad advice from either a newsletter or pump and dumper and lost lots.
I sympathize and scold and try my best give plenty of SOUND wisdom that can limit risks, yet yield gains. . .I answer anywhere between 25 and 100 messages per day. This is all part of being a leader. I am not compensated for this service. And I continuously remind people that I am not a broker, nor financial advisor. But as a fellow investor, I give out lots of warnings, dotted with an occassional pick.
Regarding picks: I don't attempt to artificially inflate prices, nor do I give out picks to anyone ahead of posting. . .not to William or anyone. . .nor does he to me. Buys are in Stealth Accumulation Mode, which means not to go all over cyberspace posting the symbol on everybody's boards. Instead, we quietly buy. This may or may not give us an advantage over the rest of the trading world, by not "signalling" our buys with rapid volume, thus alerting the short-sellers. This is one strategy within an overall ongoing strategy to find advantages, limit risks and increase gains. . .and it is practiced both here and on the HOME threads.
People are certainly getting slaughtered here on SI, as well as in chat rooms, on Yahoo and elsewhere, by the greedy and heartless. There are many many traders that have NO regard for anyone but themselves. They will do or say anything necessary for them to profit at anyone's expense. That is not EVER acceptible behaviour and as such, it will not be tolerated, when it is discovered.
To give you an idea of the sort of damage this behaviour causes, let me share [by permission] a portion of a letter sent to me just today:
AAFGQ, ARET, ACCR, QCI, AXGI, CMOZ, DFNL, DMEC, DMRX to the tune of 5,000 dollars.
ETPI, ETVL, EYDY, GSIC, IDFR, LGOV, MBHC, MDMI, MEDD, MPTV, NUKE, PCBM, TLWN, TNRG, VTPI, ECOI, GTMI
So now most are down...some a bunch and I'm trying to fiqure out what is a good investment and what isnt. Where do i start??
I am tempted to sell all but what a scarey thought?
Advice appreciated,
XXXX
First of all, I am happy to report that this person received NONE of these stocks from the FISHING thread. I have only traded a few of them, but have not 'picked' any of them. Secondly and more seriously, the person has lost some family funds that should have been used for much needed things. And thirdly, and most importantly. . .how does this person get out of these stocks? I turn to the thread for help in answering this.
None of us have traded all of these. But we can all contribute to helping XXXX. We can post our TA and other pertinent data on when XXXX should dump WHICH stocks. Now keep in mind that this is not licensed financial advice, but rather opinions of experienced traders.
PLEASE DO NOT CHEERLEAD YOUR STOCK IF IT IS IN THE LIST. That would show extremely poor taste.
Please do not ask me for XXXX's email address or identity. . .you all know me better than that. . .but post PUBLICLY ONLY your views on ANY or ALL of the above stocks. . .and when or if they should sell out, hold or tear up.
I will make a composite of the views, along with any that I might have. . .and together we can do what we could not do alone.
[TO THE TUNE OF "THE GAMBLER", but with the extended phrase all on the same note]
"You've got to know where to catch 'em
Know how to cook 'em
Know when to throw 'em back
And know when to take-off-your-boots-put-down-the-pole-and-jump-in-for-a-good-swim
You never check your equity
When your finger's on the trigger
There'll be time enough for countin'
when the volume stops-the-bid-is-dropped-the-news-is-out-and-you-are-the-only-one-left-on-the-thread
Rande Is |
