Telvue Corp. (fka TEVE)

[qtipjoe]

This is a repost so t will go to the stickies

OK so the first thing we have to do is remove all emotion from what we are doing here. If you chase a rising stock and start changing and increasing the price you are willing to pay for something it becomes a feeding frenzy. You are looking at a stock that is offered for one cent and you will not buy it. You look at it for weeks and it just looks back. It starts to climb just a bit and you start to feel a bit better about it. You don’t buy more but your not as down about it as you were. Now it starts to one day take off. You have been reading all you can about the company and you have seen nothing to warrant this move but it is moving. Now you say to yourself it’s time to buy. There is that rule number 2 again. There are only three rules so let’s go over them for folks who don’t know them.
Rule number 1.
People do not buy a stock that is going down. The only thing they think about a stock that’s headed south is when to stop losing money and sell that puppy.
Rule number 2.
People buy a stock that is going up and rush to tell their friends about it.
Rule number 3.
People who buy TEVE do not sell till the war is over and the white flags come out.
If you are not controlled by these emotions you are indeed extraordinary. If you except the fact that yes that sounds like you then you are half way home.
Let’s talk about some mistakes penny players make. The first and single largest mistake they make is not having funds in their account in the first place. You don’t have to be rich to play the stock market but you need to be a planner. When you make the decision to take the plunge that is no time to start dealing with a three day wait and looking in the dresser drawers for change. If you suddenly find yourself caught up in the BS story about pie in the sky you must step back. If a company has nothing but a good story then they are just that. A company with a story. There are a thousand such story’s.

I mentioned a war. Let’s check out the enemy. Your opponent has an unlimited amount of money. Your opponent has the ability to control your mind. (Rules).
Fair and reasonable are something your opponents know nothing about. Unethical is a good word. To those you face across the penny battle field unethical is just that. It’s a word they never knew the meaning of. This is a business. It’s the way they make their living. Like it or not you must respect their rice bowl. If you choose to join in the battle then remember there is nothing personal here. This is a battle you can win as long as it does not become personal.

So who do they face across the table each day. People who play with scared money. People who can’t afford to lose a dollar let alone a ton. You don’t have to be poor to be scared. You just have to be scared to be scared. I have nothing against people who do not have a boat load of money. All my friends are poor. Peoples eyes glaze over when you feed them too much info so let’s save some for next time. The real secret here is accumulate. Hold on to the shares you have. They are golden. Remember rule three.