Don't Drink the Kool-Aid!
Kool-Aid is the 'drink' by which investors lose their money, much like the drink that Jim Jones 'followers' lost their lives. It is prevalent with stocks having great 'stories' but lacking in strong fundamentals. Investors that get 'drunk' on the 'words of the CEO' are the most common of all Kool-aid drinkers. Often though, naive investors will become 'drunk' by other followers of same issue. As the old saying goes, misery loves company, and where 'faith' has caused a group of investors to hold their stock longer than sensibility would dictate (and usually holding a loss), they become known as kool-aid drinkers.
Greed kills, and pigs get slaughtered.
"There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment. They are the sheep who beg to be fleeced and butchered, and who will battle fiercely to preserve their right to be victimized."
-- James Randi
You will see anytime you attempt to question the fundamentals of a stock you will be labeled a basher. Pump crews do not need anyone planting seeds of doubt in the minds of the "low hanging fruit". This is how they make a living. They will get very nasty when you even suggest a particular stock might not be 10 bagger. The key is to get into the run quickly and get out before the pumpers can take your money. Shave their profit by being the first to sell into the run. NEVER hold an OTC or .pk stock EVER! Play the Mo, if you get your buy in soon enough, you will make profit. If you missed it DO NOT, and I repeat DO NOT BELIEVE THE LIES ON THE BOARD. It is NOT just consolidation, it is NOT flippers, it is NOT the MM's holding it down for a bigger run, etc... It is the vermin taking advantage of novice investors by telling you they are averaging down. They are not. They are liquidating their position and if you are buying to average down you are buying the very same shares they claim to be holding. DO NOT believe the biggest lie of all "This is the real deal" because it's not. The overwhelming vast majority of penny stocks are plays. THAT'S IT! Do not be suckered into being a bag holder. ALWAYS take profits.
IHUB Boards With Active Pumpers
This is provided in this Link and this Link.
They love to throw THIS around but I ask you, why are there no compensated bashing sites???
You can find reporting investor relations program members here.
For the Record...
Quoted from OTC Advisers home page.
"Companies like Microsoft, IBM and Google were all penny stocks at one point."
No they were not.
IBM's stock debuted on Jan 2, 1962. Its price was $578.50
Microsoft's stock debuted on March 13, 1986. Its price was $21
Google's stock debuted on August 18, 2004. Its price was $85
Our Favorite Stock Pumpers du Jour
Penny Stock Chaser
Required Reading and Viewing
1. NO NAMES
2. Obey the ToU
3. Take endless, mindless, pointless arguments to the appropriate board.
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