Monday, October 20, 2014 6:51:46 PM
JP Morgan had a lot of insight into this type of phenomenon. He said when the guy who shines my shoes tells me to buy a stock I definitely know it is time to sell it.
In other words , when everyone is talking about it and saying to buy you better run like hell.
Not saying a person might not make a couple of bucks on a flip but holding is suicide.
I think you will find the elections do very little for this sector just like when Washington went legal everyone said buy, buy, buy because it was going to pop and we all know that didn’t happen.
The fact of the matter is that the last 3-4 years have been great for this sector but at this time 95% of these companies are scams. Flipping has become difficult.
For the most part the party is over. Especially for do nothing stocks that have never done anything except be a share selling pump and dump scam. JMHO
GLTA
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