@-@ Welcome to the board
Heard it before. Many times, while playing pennies.
I have some thoughts I'd like to pass to all readers about penny stocks in general.
Just remember one thing, clearly. Your putting your money into stories in pennyland. And with the stories, come retail reaction.
You can see this reaction in the TA & charts. What I've been trying to stress here for years, is most penny players trade on belief rather then accomplishments. They get tied up in the message board pumping & bashing and forget why they are playing the market in the first place. It's to make money, not join communities of same thinking shareholders.
Trading on belief has higher risk, resulting in higher gains or losses. Trading accomplishments seen on the big boards lower risk & gains or losses. But both retail trading platforms create statistical graphs & price movement pictures, which project future movement with patterns.
My goal is to get some penny players to step out of the herd mentality and trade the reactions. Learn technical analysis & charting.
It's nice to understand the insider penny game and PR cycle. But until retail reacts to news, you have no idea if your going to make money or not. Wait to see what the retail herd does, to know what you should do. Don't get caught up in emotion.
My point is told in this joke. There were two bulls on top of a hill. A young one and an old one. They looked down in the valley and saw a herd of cows. The young bull said I'm going to run down there and make love to one of those cows. The old one said I'll walk down and make love to all the others.
Being first is not always the best decision! Emotion rules logic.
PS; Dilution is GOOD in penny stocks!!!
AI
