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A married couple went to the hospital to have their baby delivered. Upon their arrival, the doctor said he had invented a new machine that would transfer a portion of the mother's labor pain to the baby's father. He asked if they were willing to try it out. They were both very much in ... favor of it. The doctor set the pain transfer to 10% for starters, explaining that even 10% was probably more pain than the father had ever experienced before. However, as the labor progressed, the husband felt fine and asked the doctor to go ahead and kick it up a notch. The doctor then adjusted the machine to 20% pain transfer. The husband was still feeling fine. The doctor checked the husband's blood pressure and was amazed at how well he was doing. At this point, they decided to try for 50%. The husband continued to feel quite well. Since the pain transfer was obviously helping out the wife considerably, the husband encouraged the doctor to transfer ALL the pain to him. The wife delivered a healthy baby with virtually no pain. She and her husband were ecstatic. When they got home, the mailman was dead on the porch!
After nearly 50 years of marriage, a couple was lying in bed one evening, when the wife felt her husband, begin to massage her in ways he hadn't in quite some time. It almost tickled as his fingers started at her neck, and then began moving down past the small of her back. He then caressed her shoulders and neck, slowly worked his hand down, stopping just over her stomach. He then proceeded to place his hand on her left inner arm, working down her side, passing gently over her buttock and down her leg to her calf. ... Then, he proceeded up her thigh, stopping just at the uppermost portion of her leg. He continued in the same manner on her right side, then suddenly stopped, rolled over and became silent. As she had become quite aroused by this caressing, she asked in a loving voice, "Honey, that was wonderful. Why did you stop?"
To which he responded:
'"I found the remote."
MY DADDY IS A DANCER
One day a fourth-grade teacher asked the children what their fathers did for a living. All the typical answers came up - fireman, mechanic, businessman, salesman... and so forth.
However, little Justin was being uncharacteristically quiet, so when the teacher prodded him about his father, he replied, "My father's an exotic dancer in a gay cabaret and takes off all his clothes to music in front of other men and they put money in his underwear. Sometimes, if the offer is really good, he will go home with some guy and stay with him all night for money."
The teacher, obviously shaken by this statement, hurriedly set the other children to work on some exercises and took little Justin aside to ask him, "Is that really true about your father?"
"No," the boy said, "He works for the Democratic National Committee and helped to get Obama elected, it's too embarrassing to say that in front of the other kids."
..."We are all faced with a series of great opportunities brilliantly disguised as impossible situations."
---Charles R. Swindoll
..."We cannot change our past. We can not change the fact that people act in a certain way. We can not change the inevitable. The only thing we can do is play on the one string we have, and that is our attitude."
---Charles R. Swindoll
It's been said that you become what you think about most. Your success and accomplishments are only limited by your beliefs. Here's something else you must know......your perceptions are your reality. So what are you thinking about most? Whatever your thoughts, may they be to help you get what you want out of life.<<<From Pablo Popovitch site
"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and if they can't find them, make them."
~ George Bernard Shaw ~
Expect the best. Prepare for the worst. Capitalize on what comes. Positive thinking will let you do everything better than negative thinking will. Your attitude, not your aptitude, will determine your altitude.
~Zig Ziglar
Two Middle East mothers are sitting in a cafe chatting over a plate of
tabouli and a pint of goat's milk.
The older of the two pulls a small folder out of her handbag and
starts flipping through photos. They start reminiscing.
''This is my oldest son, Mujibar. He would have been 24 years old now.''
''Yes, I remember him as a baby.'' says the other mother cheerfully.
"He's a martyr now though." the mother confides.
"Oh, so sad dear...'' says the other.
''And this is my second son, Khalid. He would have been 21.''
''Oh, I remember him,'' says the other happily, ''he had such curly
hair when he was born.''
''He's a martyr too...'' says the mother quietly.
''Oh, gracious me...'' says the other.
''And this is my third son. My baby. My beautiful Ahmed. He would
have been 18 '', she whispers.
"Yes," says the friend enthusiastically, ''I remember when he first
started school...''
''He's a martyr also,'' says the mother, with tears in her eyes.
After a pause and a deep sigh, the second Muslim mother looks
wistfully at the photographs and, searching for the right words, says
. . .
"They blow up so fast, don't they?"
"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."
Thomas Jefferson:
Hung Chow calls into work and says, "Hey, I no come work today, I really sick. Got headache, stomachache and legs hurt, I no come work.’
The boss says, "You know something, Hung Chow, I really need you today. When I feel sick like you do, I go to my wife and ask her to give me sex. That makes everything better and I go to work.. You try that.’
Two hours later Hung Chow calls again. "I do what you say and I feel great. I be at work soon.........
You got nice house’
Dad buys a lie detector robot which slaps people when they lie. He decides to test it at dinner. "Son, where were you today?" The son says "at school dad." Robot slaps the son! "Ok, I watched a dvd at my friends house!" "What dvd?" "Toy story." Robot slaps the son again! "Ok, it was a porno" cries the son. "What! When I was your age I didn't know what porn was" says the dad. Robot slaps the dad! Mom laughs "HaHaHa! He's certainly your son." Robot slaps the mom!
The more depth you have, the more wealth you find (we're not just using this metaphor to illustrate financial wealth, such as when striking gold... but ALSO in meaning & connection with yourself and everyone around you). Dig deep.
Here is why S&P downgraded the US credit rating.
• U.S. Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $ 1,650,000,000,000
• National debt: $14,271,000,000,000
• Recent budget cut: $ 38,500,000,000
Now let’s remove 8 zeros and pretend it’s a household budget.
• Annual family income: $21,700
• Money the family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on the credit card: $142,710
• Total budget cuts: $385
The Chicken and Egg are in bed. The Chicken is kicked back smoking. The Egg rolls over annoyed and says': "I guess we answered that question!
Lol, very nice one Bruce.
A man walks into his bedroom with a sheep under his arm and says: "Darling, this is the pig I have sex with when you have a headache."
His girlfriend replies: "I think you'll find that's a sheep, you idiot."
The man says: " I think you'll find I wasn't talking to you."
NBRI..Exiting the Eye of the Storm
Doug Casey, ChairmanAugust 23, 2011 12:53pm GMT.ShareTweetEmailPrintRSS
[Ed. note: This is an interview of Doug Casey by Louis James, both of Casey Research.]
L: So, Doug: London has suffered more damage from recent rioting than from anything else since the Blitzkrieg; the stock market had its most volatile week in years; gold shot well north of $1,800; and the U.S. government almost crashed into its debt ceiling. Smells like blood in the streets. What does a street fighting man like you make of all this?
Doug: Well, it was about 40 years ago in 1971 [laughs] when I read Harry Browne’s first book, How to Profit from the Coming Devaluation. In that book, Harry said that if gold went as high as $200, it would be a sign runaway inflation was coming, and readers might need their survivalist retreats, etc. He was actually right about everything he said in the book, and for the right reasons, but things didn’t get as bad as quickly as Harry thought they would.
That just goes to show that if you predict any particular number or outcome, you should not say when it will happen, or if you predict a time for important events, you should not say specifically what will happen.
Anyway, I’m very uncomfortable predicting serious gloom and doom for two reasons: One, most individuals intuitively look out for themselves by producing more than they consume and saving the difference – so the amount of net wealth in the world grows. Two, technology continues to improve – Moore’s Law and all that.
L: I’ve heard you say that before, but you’re the guru, so you don’t get off so lightly. What do you feel comfortable telling us?
Doug: My sense is that we are definitely exiting the eye of the storm at this point, and we’re heading back into the raging winds of financial, political, and social turmoil. The riots you see now are just an indicator of what’s ahead – an appetizer… hardly the main course.
L: That’s a pretty bold statement, Doug. We’ve been talking about the so-called recovery really being nothing more than the eye of the financial storm that hit in 2008. But the U.S. and other governments around the world have been able to animate the corpse of the 20th-century economy and keep an appearance of life in its zombie motions longer than we thought possible. To say we’re exiting the eye of the storm implies that zombie is going to stop moving and the smell of decay will soon overpower everything else. Are you ready to make that call?
Doug: You’re asking me to do what I just said was unwise: to say both what and when. But yes, it does look grim to me. With the markets fluctuating so wildly, the Dow going up and down hundreds of points per day, that’s very likely to spook the government, investors, business managers, and consumers even more than they already are. Normally I don’t pay much attention to consumer confidence; it’s an emotional state, and emotions can change in a New-York second. But at this point the economy rests on nothing more substantial than confidence. It’s a confidence game. And confidence can blow away like a pile of feathers in a hurricane.
L: So what we’re looking at is not just a bump in the road. It’s going to change priorities and marching orders for market participants – and for those who interfere in the markets in various ways.
Doug: Yes. It’s the kind of thing that accelerates a negative spiral, in good part because everybody wants the government to “do something,” in the idiotic belief that it can improve things by doing more. Actually it can only help by doing less.
L: So… the economy slows more. Why can’t the government reanimate the corpse one more time, turning up the juice on the stimulus heart-shock paddles?
Doug: They’ve already created trillions more currency units. Most of these are currently sitting in banks rather than circulating. That’s partly because people are afraid to borrow and banks are afraid to lend, but also because the Fed is paying banks interest to keep what are considered to be excess reserves locked up. So these trillions of dollars that were created to bail the banks out are sitting there, but they’re not going to sit there forever. Once those dollars start circulating in the economy, prices will rise rapidly.
The other way for prices to really explode would be for the foreigners holding some six or seven trillion hot-potato dollars to start dumping them. With the U.S. government clearly unable to deal with its debt and the consequent credit rating downgrade – which was both inadequate and long overdue – those foreigners are getting pretty nervous holding dollars. Almost any sort of financial calamity could spook some central bank into exiting its dollar position wholesale. And once one of them starts, the race will be on, because no one is going to want to be left holding the bag.
These are two time bombs that are ticking away right now – the trillions of dollars outside the U.S. that could come pouring back in, and the trillions of dollars inside the U.S. that were created to paper over the leading edge of the storm. Either of those things could bring on the end of the dollar as we knew it, and both may well happen at once.
L: Okay … But the state has been very good at convincing people to pay no attention to the man behind the curtain. If the markets settle down, why can’t people go back to imagining that everything’s fine?
Doug: I’m not sure that many people really ever believed there was a recovery under way. Wall Street acted like there was – but only somewhat, since banks never started lending again. But unemployment has remained high; it’d actually be about twice the official 9% level, if it was calculated the same way it was 30 years ago. And outside of the price collapse of certain asset classes – like real estate – the cost of living has increased greatly for most people; the calculation of the government’s CPI is as corrupt as its unemployment numbers. I think it’s a mistake to talk about a double dip in the economy; we entered the Greater depression in 2007 and are still in it. A “jobless recovery” is not a recovery. The only thing that’s recovered is the stock market, to some degree. Aside from government hocus-pocus, the mirage of corporate earnings, and foolish investors wanting to believe it was safe to get back in the water, things have not gotten better. And they are about to get much worse.
L: That may be so, but the government, the press, and corporate America have all been talking about a recovery. With the Fed promising easy money, if the markets calm down, couldn’t the illusion of recovery be reestablished?
Doug: I don’t think so. The economy isn’t going to stay in the eye of the storm for much longer. The stab of panic we saw last week gave lie to the emperor’s new recovery clothes. It’s not just the losses on the stock market, but gold hitting significant new all-time highs in nominal terms, and Bernanke saying that the Fed would hold interest rates close to zero for another two years. That’s huge – and a huge mistake. It tells me that Bernanke has truly panicked. The impact this will have on the dollar cannot be overstated; it’s a guaranteed disaster. It assures that people will do all sorts of things they would not do without that artificially easy money.
L: Okay, but if they go into debt to buy houses and cars, they’ll create jobs and there will be more appearance of recovery, won’t there?
Doug: That’d just be digging the hole deeper at this point. What needs to be done is to let the market raise interest rates, to encourage savings – the accumulation of the capital needed to start moving forward on a solid basis. Instead of encouraging people to work, spend less than they make, and save the difference, these low interest rates encourage profligacy. They encourage people to liquidate savings and live above their means. As usual, the government isn’t just doing the wrong thing, it’s doing the exact opposite of the right thing.
L: Because...
Doug: Because of the false belief that printing money stimulates the economy. The artificially depressed interest rates of today will result in very high inflation and very high interest rates in the near future. A healthy economy gets naturally low interest rates as a result of a lot of savings, a lot of capital creation. A healthy economy has stable interest rates that relate to the amount of new wealth being created, typically just above the natural rate of inflation that results from real money – gold – being mined out of the ground. Artificially low interest rates stimulate malinvestment.
The Fed is also keeping rates low because of the government’s massive debt problem. The U.S. is already running trillion-dollar deficits – if interest rates go up, say, to 12% like back in the ‘70s, that would add another trillion to the deficit right there. Financing a $16 trillion debt at 12%, rather than 2%, equals another $1.6 trillion of spending – just for interest.
This really means they have no choice. The situation is completely out of control – the U.S. financial house of cards is irredeemable at this point, even with interest rates at close to zero. The whole financial structure is close to collapse, and that’s why I think we’re exiting the eye of the storm.
L: The Titanic has been struck, but Captain Obama just doesn’t yet realize how badly?
Doug: Exactly. And – adding insult to injury – not only are they doing the opposite of the right thing, they are actively punishing people who did the right things, who worked hard and saved. Pensioners living on fixed incomes are being forced to reach for higher and higher yields, which means they are being forced to put their nest eggs into riskier and riskier investments. This guarantees that the pensioners and the savers will be wiped out.
L: Unless they put their savings into gold.
Doug: Sure, but nobody but crazy goldbugs even thinks about that. And it gets worse: The current course guarantees the total destruction of the U.S. dollar. Again, I cannot emphasize enough how serious this is. People all around the world save in dollars. If the dollar is destroyed, it won’t just be Americans who’re hurt, it will be all the hard-working people around the world who’ve struggled to scrimp and save and put money away for future needs. All these people who were wise and frugal, they are going to be wiped out. They are going to be left with absolutely nothing. This is criminal – it’s the stuff revolutions are made of. And that’s exactly what I expect we’ll see plenty of, all around the globe.
L: Seems so clear – what could they possibly be thinking?
Doug: Perhaps Bernanke’s making the same mistake people with maxed-out credit cards make, when they think hyperinflation will wipe out their debts. They forget how nasty, brutish, and short life can be in a society in a hyperinflationary collapse. And think about it: What happens if you wipe out these debts? Who are the debtors? They are the most profligate people in society. So these artificially low interest rates reward the most irresponsible and punish the most responsible people in society.
L: Absolutely perverse.
Doug: [Chuckles] Took the words right out of my mouth.
L: Easy enough to do in this case.
Doug: Well, there’s your answer. What’s going on now really is creating the foundation for revolution, and not just in the U.S. The riots in London and Chile, and other outbreaks of chaos around the world aren’t anomalies – they’re a warmup. An overture before the symphony starts. Things will be especially bad in British and European cities, where there are millions of people who’ve never worked. Ever. They’ve just lived off the state.
L: Maybe we’ll hear the music on November fifth.
Doug: “Remember, remember, the fifth of November…” That would be interesting indeed. Readers should rewatch V for Vendetta to put them in a proper frame of mind on how serious things are. I mean… it is going to be a time when Street Fighting Man will be a most appropriate theme song. Turn up your speakers.
L: I agree with you, Doug, but I have to say it makes me a bit nervous to come out and say we’re exiting the eye of the storm. The powers that be have proven far more adept at keeping the balls they are juggling in the air than I ever thought they could be. Every time I think it can’t get worse without things coming apart, it does get worse, and somehow things don’t come apart, they keep going.
Doug: Of course. As I started out saying, Harry Browne’s prediction 40 years ago was essentially the same that I’m making today. Harry was a bit early – and I was too, in 1980. But this time really is different, with so many unprecedented actions and reactions between the market and the state. I truly see no way out for the state this time, and it’s going to be much, much worse than it would have been had it collapsed back then. I can’t say for sure exactly when things will fall apart, but I’m more convinced than ever that they will, and that we are about to plunge deeper into the Greater Depression.
L: What if you’re wrong?
Doug: I honestly hope I am, because if I’m right, the global economic devastation is going to have a very real and significant death toll. The price in human suffering these fools in government are setting us up for is truly monstrous. As a human being, of course I’d rather see good times.
L: But as a speculator…
Doug: Yes, as a speculator, I know the crisis will create phenomenal opportunities. If we lived in a stable society, with a stable monetary order and a non-predatory government, it’d be impossible to be a reliably successful speculator, because there’d be few or no politically induced distortions in the economy to take advantage of. So, always looking on the bright side, we can look forward to many new bubbles to result from the state’s massive interventions today and in the future.
L: Such as?
Doug: There will be a huge bubble in gold ignited, and maybe soon. That seems pretty much baked in the cake at this point.
L: That’s interesting. A lot of people say gold is already in a bubble – that the recent surge up to $1,800 per ounce is a sure sign of that. But you’re saying it hasn’t even started yet?
Doug: Well, I hate encouraging people to buy gold at $1800 an ounce, because that level is already more than 700% above the bottom in 2001, and I’m a bottom fisher. I like bargains, and I can’t call gold a bargain today. But it’s plain as day that gold is going to go higher. There’s simply no other place for people to try to safeguard their wealth as the dollar, euro, and other currencies plummet toward their intrinsic values. What else could people buy as they get more and more afraid of paper currencies losing acceptance? What are corporations going to do with the billions of dollars in their treasuries when their management gets frightened? Where else can they go when they need to get rid of dollars, euro, yen, and yuan? Central banks, too – what will they do when they need to dump dollars in favor of something that will hold value?
This is why I see a bubble in gold still ahead. It has nothing to do with the supply and demand for gold in the jewelry trade, or whatever – it’s going to be a result of there being no viable alternatives when the paper-money con game is over. Gold is the ultimate cash, and that’s where people will go when there’s a global, total, panic to cash.
L: Agreed. Other investment implications?
Doug: Gold mining stocks. Most good ones aren’t bargains, even though they’ve been lagging gold in recent trading, maybe because of the fear in the marketplace. But they’re going higher.
L: Of the two major forces that drive markets, greed and fear, which do you think will predominate going forward? Because there are different buying patterns, depending on whether it’s greed or fear in the driver’s seat…
Doug: You’re quite right. I think it will be a market driven primarily by fear for some time, and that will favor profitable producers, emerging, high-margin production stories, and maybe the best of the best explorers advancing projects with obvious merit towards production. Nobody buys the risky junior exploration plays when fear is driving the market.
L: Except a bottom fisher.
Doug: Except a bottom fisher, yes. There will be some fantastic opportunities in earlier-stage exploration companies that will get smashed because of fear. But speculators looking for those have to be patient. Many junior explorers will dry up and blow away during the fear-induced drought. Eventually, the best will come roaring back when the bubble inflates and the real mania phase of this bull market kicks in. Then, everything with “gold” in its name will trade at ridiculous premiums, even the crappiest juniors whose only gold is in their name.
L: How long before greed kicks back in?
Doug: There you go asking for a time as well as a prediction again. I don’t know, but it could be a while: A lot of greed has been washed out of the system with the big panic of 2008, the real estate collapse, and the stock market really going nowhere for the last ten years. Plus, when the bond market collapses, as I think it will, that will be the final blow. That’s really The Big One on the horizon these days – the bond market is three times the size of the stock market, so a major reversal there will cause enormous damage.
L: So, stay away from the junior explorers?
Doug: Just the crappy ones – and as you well know, 95% of explorers have nothing and never will have anything. But there are some which actually have gold or silver in the ground – or clear drill indications that they are close to being able to report having such assets – the kind you specialize in finding for the International Speculator. Those stocks are going to benefit from the flood of money hitting the precious metals sector. Remember, the whole gold market is trivial in size. It’s only a tiny fraction of the oil patch, and not even a rounding error compared to the global market. When the average investor wakes up to the need to own gold for safety and the potential profit from owning gold stocks for leverage to gold, it’s going to be like trying to fit the contents of the Hoover Dam through a garden hose. Prices will go ballistic, and there will be plenty of money hitting even the smaller juniors that have good stories.
L: Good reminder about safety.
Doug: And that’s another factor that will be driving the price of gold: It won’t just be speculation, it will be prudence – the flip side of fear. Prudence will drive people into buying more physical gold. Greed will drive people into gold stocks. I own a lot of physical gold already, but I’m still buying, even at these levels. And I own a lot of gold stocks, but I’m still accumulating those too, when we dig up good opportunities.
I look forward to seeing the pictures I know you’ll take on your next rock-kicking expedition, trying to dig up one of those good opportunities. ‘Til next time.
L: All right then – ‘til next time.
[The dollar crisis Doug alludes to isn’t some far-fetched, distant possibility: It’s very real, and it’s in progress now. Join Casey Research in a free online event – September 14 at 2 p.m. Eastern time – to learn more about the American debt crisis and how to protect yourself from the coming storm.]
Every day, a male employee walks up very close to a female co-worker at the coffee machine.
He stops, inhales quite deeply and says that her hair smells nice.
After a week of this, the woman can't stand it anymore. She takes her issue to a supervisor in Human Resources and asks to file a sexual harassment grievance against the guy.
The supervisor is
puzzled and asks, "What's threatening about a co-worker telling you your hair smells nice?"
"It's Frank. The midget."
Just my two cents attempt at humor. <<<<Better bump it to a nickel..
I saw a terrible movie this weekend called War Games: The Dead Code, but at least there was one gem of a quote that applies to the market right now:
R.I.P.L.E.Y.: A strange game. The only way to win is not to play.
Just my two cents attempt at humor.
A friend said to me..Hey,you need to grow a pair..its when someone calls you weak but they associate it with a lack of testicles which is weird because testicles are the most sensitive things in the world..if you suddenly just grew a pair,you'de be a lot more vulnerable..If you want to be tough you should lose a pair..If you want to be real tough you should grow a vagina-Those things can take a pounding!
StockPromoters.com
Your great.....:) intelligence AND a good sense of humor......
1. You can’t change other people, and it’s rude to try.
2. It is a hundred times more difficult to burn calories than to refrain from consuming them in the first place.
3. If you’re talking to someone you don’t know well, you may be talking to someone who knows way more about whatever you’re talking about than you do.
4. The cheapest and most expensive models are usually both bad deals.
5. Everyone likes somebody who gets to the point quickly.
6. Bad moods will come and go your whole life, and trying to force them away makes them run deeper and last longer.
7. Children are remarkably honest creatures until we teach them not to be.
8. If everyone in the TV show you’re watching is good-looking, it’s not worth watching.
9. Yelling always makes things worse.
10. Whenever you’re worried about what others will think of you, you’re really just worried about what you’ll think of you.
11. Every problem you have is your responsibility, regardless of who caused it.
12. You never have to deal with more than one moment at a time.
13. If you never doubt your beliefs, then you’re wrong a lot.
14. Managing one’s wants is the most powerful skill a person can learn.
15. Nobody has it all figured out.
16. Cynicism is far too easy to be useful.
17. Every passing face on the street represents a story every bit as compelling and complicated as yours.
18. Whenever you hate something, it hates you back: people, situations and inanimate objects alike.
19. Ralph Waldo Emerson’s works alone can teach you everything you need to know about living with grace and happiness.
20. People embellish everything, as a rule.
21. Anger reveals weakness of character, violence even moreso.
22. Humans cannot destroy the planet, but we can destroy its capacity to keep us alive. And we are.
23. When people are uncomfortable with the present moment, they fidget with their hands or their minds. Watch and see.
24. Those who complain the most, accomplish the least.
25. Putting something off makes it instantly harder and scarier.
26. Credit card debt devours souls.
27. Nobody knows more than a minuscule fraction of what’s going on in the world. It’s just way too big for any one person to know it well.
28. Most of what we see is only what we think about what we see.
29. A person who is unafraid to present a candid version of herself to the world is as rare as diamonds.
30. The most common addiction in the world is the draw of comfort. It wrecks dreams and breaks people.
31. If what you’re doing feels perfectly safe, there is probably a better course of action.
32. The greatest innovation in the history of humankind is language.
33. Blame is the favorite pastime of those who dislike responsibility.
34. Everyone you meet is better than you at something.
35. Proof is nothing but a collection of opinions that match your own.
36. Knowledge is belief, nothing more.
37. Indulging your desires is not self-love.
38. What makes human beings different from animals is that animals can be themselves with ease.
39. Self-examination is the only path out of misery.
40. Whoever you are, you will die. To know and understand that means you are alive.
41. Revenge is for the petty and irresponsible.
42. Getting truly organized can vastly improve anyone’s life.
43. Almost every cliché contains a truth so profound that people have been compelled to repeat it until it makes you roll your eyes. But the wisdom is still in there.
44. People cause suffering when they are suffering themselves. Alleviating their suffering will help them not hurt others.
45. High quality is worth any quantity, in possessions, friends and experiences.
46. The world would be a better place if everyone read National Geographic.
47. If you aren’t happy single, you won’t be happy in a relationship.
48. Even if it costs no money, nothing is free if it takes time.
49. Emotions exist to make us strongly biased towards or against something. This hinders as often as it helps.
50. Addiction is a much greater problem in society than it’s made out to be. It’s present in every person in various forms, but usually we call it something else.
51. “Gut feeling” is not just a euphemism. Tension in the abdomen speaks volumes about how you truly feel about something, beyond all arguments and rationales.
52. Posture and dress change profoundly how you feel about yourself and how others feel about you, like it or not.
53. Everyone thinks they’re an above average driver.
54. The urge to punish others has much more to do with venting frustration than correcting behavior.
55. By default, people think far too much.
56. If anything is worth splurging on, it’s a high-quality mattress. You’ll spend a third of your life using it.
57. There is nothing worse than having no friends.
58. To write a person off as worthless is an act of great violence.
59. Try as we might to be otherwise, we are all hypocrites.
60. Justice is a human invention which is in reality rarely achievable, but many will not hesitate to destroy lives demanding it.
61. Kids will usually understand exactly what you mean if you keep it to one or two short sentences.
62. Stuff that’s on sale usually has an annoying downside.
63. Casual swearing makes people sound dumb.
64. Words are immensely powerful. One cruel remark can wound someone for life.
65. It’s easy to make someone’s day just by being uncommonly pleasant to them.
66. Most of what children learn from their parents isn’t taught on purpose.
67. The secret ingredient is usually butter, in obscene amounts.
68. It is worth re-trying foods that you didn’t like at first.
69. Problems, when they arise, are rarely as painful as the experience of fearing them.
70. Nothing — ever — happens exactly like you pictured it.
71. North Americans are generally terrible at accepting compliments and offers of help.
72. There are not enough women in positions of power. The world has suffered from this deficit for a long time.
73. When you break promises to yourself, you feel terrible. When you make a habit of it, you begin to hate yourself.
74. A good nine out of ten bad things I’ve worried about never happened. A good nine out of ten bad things that did happen never occurred to me to worry about.
75. You can’t hide a bad mood from people who know you well, but you can always be polite.
76. Sometimes you have to remove certain people from your life, even if they’re family.
77. Anyone can be calmed in an instant by looking at the ocean or the stars.
78. There is no point finishing a book you aren’t enjoying. Life is too short for that. Swallow your pride and put it down for good, unfinished.
79. There is no correlation between the price of a brand of batteries and how long they last.
80. Breaking new ground only takes a small amount more effort than you’re used to giving.
81. Life is a solo trip, but you’ll have lots of visitors. Some of them are long-term, most aren’t.
82. One of the best things you can do for your kids is take them on road trips. I’m not a parent, but I was a kid once.
83. The fewer possessions you have, the more they do for you.
84. Einstein was wiser than he was intelligent, and he was a genius.
85. When you’re sick of your own life, that’s a good time to pick up a book.
86. Wishing things were different is a great way to torture yourself.
87. The ability to be happy is nothing other than the ability to come to terms with how things change.
88. Killing time is an atrocity. It’s priceless, and it never grows back.
.
Are you new to Shorting?:
I thought I'll post a little clarification post for Newbie-shorters or those who are interested getting into shorting.
First of all, this board wasn't really intended to be for Noob-traders/ -shorters. Nothing wrong with being a Noob (we've all been there) but this board is intended for people who are already familiar with Shorting.
Nevertheless a few points for all the Noob-Shorters out there :)
---
- Shorting Stocks, FAQ at fool.com: http://www.fool.com/FoolFAQ/FoolFAQ0033.htm
- Before you short stocks and if you have never done it before, please do some research first and use Google, there are many free topics on the web. There are books on Short-selling stocks but I don't think it's necessary and there's more than enough free content on the web to learn from.
- There's no rocket-science behind Shorting and it's not really difficult. It's basically inverse trading.
- Making $ is often easier with Shorting, because just like an airplane will come down at some point a stock too will fall. Especially when it had a big white break out candle, is way overbought and is in the process of a retrace. When you long a stock there's never a guarantee that it will go up but stocks that ran much will most definitely retrace.
- You can start by Paper-Shorting first before using real money.
- You need a margin account and I recommend an account balance of over $ 5-10k, however if you have smaller funds to play with it can work too. Just like with longing stocks it can sometimes be more difficult to achieve good results with smaller cash funds.
- I recommend only using funds from your real cash balance so you're not being charged a margin interest rate if you short stocks above your available cash. Only use margin if you're really really sure that the particular stock you're shorting will go down and fall down enough to give you nice returns as well as cover the margin interest rate (I currently use TDA, they usually charge interest rates around 5-9%) / Example: Means if you start with a balance of $10k, don't use more than $5k to short a stock. Start small first and use bigger amounts when you get more confident.
- Don't jump into shorting just any stock blindly. Learn some chart T/A fundamentals first and do some DD on the company. Recommended for shorting are stocks with overbought/ toppish RSI/ MACD levels, big open gaps below (they usually always get closed) and such with bad news or fraud accusations.
- You will not be able to short any stocks. Sometimes there will be no Borrows available even of very popular big board stocks. So first check if you can short a stock by putting in a dummy "sell to short" order of 1 share at way above the particular pps in question.
- A lot of Newbie-traders think you can short sub .01-.10 Penny Stocks. It's usually nearly impossible to do so. There are only a few brokers that allow shorting Penny Stocks and the best one out there is InteractiveBrokers: http://www.interactivebrokers.com
But even they usually only have enough Borrows of OTC stocks above .10-.50, such as popular Newsletter-pumps.
- Check out these websites that focus on uncovering fraud & scam on the big boards and OTC world - The stocks they cover are some of the best shorting targets out there: http://www.muddywatersresearch.com, http://thestreetsweeper.org, http://citronresearch.com
- Is shorting a stock evil? No why? We live in a capitalist world where most if not all corporations are greedy and contribute to the destruction of this Planet actively or passively. But that is not really the point. The point is, stocks go up and down and why shouldn't you make money on the way down? If a company is only worth as much as their stock price then something is wrong with their business.
Enjoy Shorting and don't get squeezed :)
The Asshole Bill of Rights
Note Unsource Email..
As an ASSHOLE, I proclaim the following:
1. I will live my life the way I deem fit, screw political correctness.
2. I have the right to choose my religious path if I choose one at = all. Christianity be damned.
3. If I want to eat a cow, I will eat a cow.
4. I have the right to hang up on telemarketers midsentence and not have to worry about whether or not I was polite.
5. If I think someone's an idiot, I will tell them they're an idiot.
6. I have the right to tell children that their parents aren't raising them correctly. (Think of how many times you've been at a supermarket and heard a screaming child the entire time...what exactly would you want to say that'd be any nicer?)
7. If you don't know what you're talking about, shut the hell up.
8. You may have the right to speak, but I don't have to listen to you.
9. If I want to be rude, loud, and obnoxious, it's a free country.
10. If I want to go to a bar, destroy my liver with alcohol, clog my arteries with junk, and have unsafe sex with the woman/man I just met, I ought to be able to smoke while I'm at it.
11. I may be fat, but you're ugly, and I can go to Jenny Craig.
12. Jerry Springer for President!
13. Denis Leary should be proclaimed God and given reign over society.
14. Your daughter just got drunk at a party, made a slut of herself, and you're worried about my religious beliefs?
15. Before you tell me how to run my life, be certain that your own is squeaky clean.
16. Just because you work at McDonald's doesn't mean you have an excuse to have an I.Q. Under twelve.
17. (Courtesy of George Carlin) Just because you're a student does not mean that you're any more enlightened than someone that works at Blockbuster.
18. Speaking of Blockbuster, if I return the tape, you do not have to actually sue me for $15!!
19. If you're stupid enough to give me credit, deal with the consequences.
20. It's ignorant to charge someone $25 if they bounce a check for $5. (If I didn't have the $5, what makes you think I'm going to have $25 you retards!!)
21. If you don't like the way I drive then at the next red light get out from under my car.
22. If your dog or cat is so smart, then why do you talk to it like it's a newborn baby?
23. If I shoot you while you're committing a crime, and you try to sue me for it, I'll shoot you again.
24. Courtesy of Ben Franklin: Anyone who would give up freedoms and liberties for temporary security deserves neither freedom or security.
25. If you live in Tornado Alley, don't whine when you get hit by a tornado
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Only A Luna-tic Would Own
Portage Resources (POTG)
August 2, 2011: The question on many of our readers' minds is, "What in the world is Paul Luna, CEO of Portage Resources, Inc (POTG), up to now?"
On August 1, the company announced that not only was Mr. Luna generously cancelling 230,000,000 shares of the common stock he owns, but that the Board of Directors (read: Paul Luna), voted to split the stock on a 10 for 1 basis.
It looks like Mr., Luna isn't happy with the tens of millions he's managed to extract for himself from the pockets of the suckers out there, who collectively lost in excess of $150 million over the last six weeks. Now he's concocted a scheme to extract more. All from the safe confines of Peru.
Let's take a look.
First the cancellation of shares. Do you really think he is just freely giving up stock that not three weeks ago had a market value of $300 million, without an ulterior motive? We're hoping our readers are not that stupid. He gave up nothing but air.
Now pay attention. According to SEC filings, on May 30, 2011, Luna owned 480,000,000 of 637,200,000 shares, representing 75.33% of the stock. Since then the company has issued another 38,000,000 shares supposedly in land acquisition deals (maybe with himself), so now we're standing at 675,200,000 shares outstanding. Now there is no way, Luna is ever planning on selling all that stock, nor could he. The only thing that matters to Paul Luna is that he maintains control of the company, so that he can continue to milk it. Whether he owns 90%, 60% or 50.0000001% of the stock, control is still control. While he is in control, he can always issue himself more stock, whether it be in lieu of payment for services, or through director stock options, or through employee benefit plans, or any other scheme he can dream up. While he is in control, Luna can manipulate the stock, execute more pump and dump schemes like the one just completed, or anything else he wants to do, all for the purpose of lining his pockets. The cancellation of 230,000,000, while seemingly magnanimous, is actually meaningless. It's all a facade. Notice how he is theoretically still left with 250,000,000 of 407,200,000 shares or 61.3% of the stock. We say theoretically because he has, of course, sold stock into the latest promotion. But he could have (and probably did) sold 30,000,000 shares, which would have netted him over $20 million, and still be in control with 54% of the stock. And we don't even know what stock options he holds today!
So hopefully you get it why the cancellation of the shares is a sham. Paul Luna's only goal is to maintain control of the company. The margin of control is irrelevant.
Now let's look at the forward split.
It is a given that this stock would never see the dollar range again. It has had its run and after all the carnage leftover from the last pump and dump campaign, there is no way the public could be counted on to be stupid enough to take another chance and take it back to a buck. One thing we have preached time and time again when warning about pump and dump campaigns, is that the higher the share price, the farther it has to fall.
Another undeniable truth is that it is easier to get a 3 cent stock to 10 cents, than it is to get a 30 cent stock to $1.00.
Yes percentage-wise, a 3 cent stock rising to 10 cents is the same as a 30 cent stock rising to a dollar, just as a 10 cent stock falling to 3 cents is the same as a dollar stock falling to 30 cents, but the perceptions are different. There is a perception that comes with a 70 cent decline that makes it harder to accept than a 7 cent decline. Similarly, a dupe is less likely to think it is too late to buy a stock just because it has climbed a nickel, than if it has climbed half a buck.
So what does Luna do? He splits the stock 10 for 1 and he'll be just as happy selling 50 million shares @ 7 cents as he would be selling 5 million shares @ 70 cents.
But for now, he'll be content letting the dust settle while he counts his new found riches.
And his pigeons won't even get a Christmas card.
Be careful out there!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Touts: The Seedy Side of Being A Stock Pimp
August 1, 2011: Our distaste for touting worthless penny stocks is no secret. In fact it's our raison d'être. The fact that most of these ponzi schemes are somewhat legal is beyond us, but eventually most of these touts will go beyond toeing the proverbial legal line.
Case in point: On July 27, 2011, The self-anointed Stock Psycho at PennyStockAlerts.com disseminated an email to his subscribers pounding the table on CapitalSouth Bancorp. (CAPB).
Good morning everyone.
If you're foaming at the mouth half as much as I am about this new pick, you probably want to get right to it. There's a heatwave, are you sure you don't want to talk about that first?
Okay then, let's get to it!
Today's alert is CAPB - CapitalSouth Bancorp
The entire email can be viewed by clicking here. The excerpt from the email that was designed to whet everybody's appetite:
In the first quarter of 2010, CAPB had a net loss of nearly $47.9 million. In the first quarter of 2011, CAPB had a net income of $289 thousand.
CAPB went from a LOSS of $47.9 million to a net INCOME of $289 thousand!
Talk about a company that's turning it around and seems to be getting healthy. In a down economy for banks they've managed to successfully sell off some of their branches in order to strengthen their capital position in this market.
Then they dropped some brand new news just YESTERDAY...
http://www.capitolbancorp.com/press/release_2011_07_21.pdf
The problem is that all of this good news belongs to Capiol Bancorp, Ltd. (CBCR) not CapitalSouth Bancorp (CAPB). And no, there is no way to mistake this. Certainly not for a "Penny Psycho" who earns a living offering stock tips. And certainly not when the proper stock symbol is part of the news headline.
CapitalSouth, which delisted in March of 2009, only remains as a public shell, meaning that there are no assets associated with the public company. The stock had been trading sporadically in the penny range for well over a year. Until the Penny Psycho decided it was time to divest himself of his holdings.
On the day of the email, the stock instantly gapped up 2000% to 40 cents, before settling back to close at 11.3 cents on volume of 1.4 million shares, more stock than had traded in the previous year. The Psycho made a pile.
Regrettably, we didn't pay attention to the email until the end of the day, when we usually study the dozens of offerings we receive during the course of the past 24 hours. Had we realized the scam sooner, we would have put out an instant alert. But since the damage was already done, we decided to wait and see what the Stock Psycho would do. And we got the answer. Nothing. We had over four dozen emails from various addresses sent to the Psycho, pointing out the "confusion" in bank names. There was no retraction forthcoming. There was no apology. There was only the next pump (NYXO).
We label the Stock Psycho at PennyStockAlerts.com, its owner IPR Agency, LLC and its publisher Ryan Franks criminals. And we've sent this to the SEC. We strongly urge all hurt by this scam to do so as well.
And this is why you should not pay attention to the touts. We are not painting all of them with the same criminal brush, but we are saying that none of them has your best interests at heart. They are there for their clients, who pay them to pimp their worthless stock. The deck is highly stacked against you.
Be careful out there!
Micro Cap Stock Crisis and What You Can to Avoid it
by TomAllinder on July 17, 2011
Over the last few weeks a lot has happened in the micro cap world. Probably the biggest thing is the fact that one of the largest clearing houses, Penson Financial Services, will no longer clear stocks under a dime.
A few weeks ago, Penson put in place a new policy that essentially paralyzed all stock deposits, clearing and what have you for sub dime stocks. This new policy is across the board meaning no certs, no DWAC, DRS, ACAT or any other method for any stock under a dime.
Obviously this does not affect companies that clear elsewhere… yet. Rumor has it that other big houses will follow suit.
There are two big impacts of this policy…
The first is self explanatory and we have already covered it; no more stocks of any kind under a dime through Penson. The second however is that many of the bigger online trading firms clear through Penson. This means that if a trader or investor who uses one of the big online brokers and they clear through Penson, that trader or investor cannot purchase shares of any stock trading under a dime.
How to get around this?
For the big online trading firms, if they expect to keep all those commissions they earn on the numerous daily trades on the thousands of Pinks and OTCBBs that are under a dime, they are going to have to clear these elsewhere. This may or may not happen and if it does, it will take a while. The only way to buy and sell stocks under a dime is through smaller firms and full service firms. Being that most of the action on these low priced stocks are by traders and especially day traders, that will not work well. Day trading and having to use a phone is like asking a neurosurgeon to do a delicate procedure wearing welding goggles and gloves.
I have spoken to individuals at many of the big Financial firms in NYC over the last several weeks. They are already moving to smaller clearing firms or setting up their own clearing in-house. It might surprise many to know how many big financial firms in the Big Apple deal with small stocks. There is too much money to be made to let the sub dime stocks fall by the wayside.
There is a caveat however… and here is the biggest point I will make in this article:
They will only take stock of companies that are FULLY REPORTING and DTC eligible. They do not care what the price is as long as the company is fully reporting.
In other words, there is a big weeding out underway right now.
Speaking of DTC eligible, those companies that have lost DTC eligibility are going to get weeded out too. Why?
Stocks that are not DTC eligible run a strong risk of having trading of their stock suspended by trading firms because of the expensive administrative nightmare it causes. What makes this even more painful is if the stock suddenly gets good volume. That volume will dry up as trading firms suspend trading in that security.
When a stock is not DTC eligible, all the week’s trades have to be settled through PAPER CERTIFICATES; it is expensive and time consuming and most trading firms do not have adequate resources to handle this especially on high volume stocks. To compound the problem, the traders of that stock receive an unpleasant statement the following month because the costs of the administration of non-DTC eligible stocks are passed on to the people who bought and sold the security. This can amount to several hundred dollars for each trader/investor.
If a stock is DTC eligible all transactions are handled automatically and electronically.
More on DTC eligibility…
One of the best ways to lose DTC eligibility is to register stock in any other form than an S-1. Many Pink Sheet and OTCBB companies are still doing things like 504s which is severely frowned upon by the DTC.
Many companies that have done a reverse split over the last year or so have had their stock “chilled” (non-DTC eligible) by the DTC. The reason they are getting chilled is because right after the reverse split takes place, the company registers more shares (usually through a 504) for sale. This pisses the DTC off and they chill the stock and no matter how many resources the affected company throws at the DTC, they continue to be chilled and the DTC becomes less responsive.
So the conclusion I have drawn is simple:
If you want the stock of your company to keep trading, become a fully reporting company and register new stock the way the DTC wants it done.
While these issues have caused much grief lately, I think for the marketplace overall it is going to be of great benefit to both the surviving companies, investors and traders.
We all know that many if not most of the Pink Sheet and some OTCBB companies out there are nothing more than ATM machines for the management team and their “investors”. Those companies that have no money and no business will be left in “no man’s land”. Those companies that do clean up their act and become transparent will stand a much better chance of succeeding in business and in the marketplace. The pool of investors and traders will remain the same or grow while the companies to select from will be far fewer in number.
There will always be sub dime and sub penny stocks to trade and invest in, there will just be fewer and the companies will be more transparent.
From Vantillian>>>>>INTRO
I am calling these 25 points "axioms" in that they are propositions that are not necessarily proved or demonstrated but rather are self-evident to those who trade/invest on the OTC. In other words, these truths should be taken for granted and serve as a starting point or a foundation when deducing or inferring other propositions about OTC investing. I will not seek to prove these axioms to you...they just simply ARE. An axiom appeals to no other authority for verification...it stands on its own as the truth. Therefore, with these axioms we are dealing more with beliefs and less with facts. But without fundamental beliefs, you will have nothing whereby to interpret the facts. So sit up and pay attention because the following are very important ideas that could keep you from losing your shirt and help you to win nicely at playing the OTC market.
1. The Center Stage Axiom
The longer an issue stays in the spotlight...the worse. There's always one or more good reasons as to WHY a company is trading on the OTC...especially if it is a sub-penny company. There have been many times in the past couple years I thought I had found that "true gem" that was going to be another Yahoo. I believed in it big time. I bought into it big time! But after the initial run and a dead-cat bounce or two...things began surfacing that were completely damaging to the demand for the stock. Simply put, the higher a stock climbs in the investing world, the more its rear end shows...and OTC butts ain't pretty. Are there the occasional rule breakers here? Yes (usually they are reverse merger plays). But those stocks are few and far between and they generally uplist very quickly to a higher exchange. As a general rule, the longer a company stays in the limelight, the more enemies it will attract. Bashers. Shorters. Bidwhackers. Apathy. New shares from various and sundry places (especially DILUTION and restricted shares coming off restriction). It's always a war to make the PPS (read: Price Per Share) go up on any issue. Don't stay too long at the war. Fight as long as you are advancing and retreat the moment you see the enemy reinforcements gathering. Or possibly better yet...retreat before you think you even heard the enemy reinforcements. Remember, it's not your job to make a stock PPS go up, it's your job to make your portfolio grow. OTC valor is much different than armed forces valor.
2. The Carpe Diem Axiom
Always take *some* profit when you're sitting on significant gains 50% or higher. Unless you are already independently wealthy and view OTC investing *only* as gambling for FUN (which isn't an altogether bad thing to view it as), take profit. The way to accumulate wealth playing OTC issues is to always exit too soon. Furthermore, it leaves one feeling pretty dern good when he left some on the table for the next guy and was not the chucklehead that singlehandedly killed the run. If it does make you feel good that you were the chucklehead that killed the run, shame on you. Always remember...you do not know the next time buying pressure will allow you to leak out of shares without injuring a stock and/or your portfolio! Seize the day. Seize the opportunity strong buying pressure provides.
3. The Itchy Trigger-Finger Axiom
Someone always has shares to sell to ruin a run. Read it again: Someone ALWAYS has shares to sell to ruin a run. Make this statement your computer desktop and/or screensaver. Say it to yourself ten times whenever you start your trading day. Paint it on the ceiling above your bed so it's the first thing you see in the morning. Please understand that someone owns a whole lot of whatever stock you're jazzed about at much lower average than you -- and often times they own it for NUTHIN' (i.e. compensated promoters, debtors, relatives of CEO, etc.). Also, if you think that YOU are the ONE that is holding all the shares that could potentially ruin a run...think again. Only God knows where all the shares are or will be coming from...because who knows what kind of shorts will attach themselves to your play and sell you nothing but VAPOR.
4. The Domino Effect Axiom
Almost everyone that loses money playing the OTC looks to point a finger somewhere. They want someone or some entity to blame for their loss. Forget that the CEO sold 100M shares into the open market, they'd rather lash out at the popular poster that promoted, endorsed, and otherwise "pumped" the stock. Here's what folks like that should understand...there is a domino effect of people getting screwed. Here's an illustration: the CEO legitimately plans NOT to sell shares but some emergency comes up...and believe me..."emergencies" almost always come up for these guys! Selling shares is the easiest way for him to raise the money and "After all," the CEO justifies to himself, "the reason I went public in the first place was to raise money." The problem here is that the CEO failed to tell his promoters and/or closest investors about his need to raise funds and that group of people is living under the assumption that the share structure is stable (i.e the supply will remain the same). So the CEO got screwed by somebody and had to pay up. He screws the promoters and his closest investors and they had to pay up. Now the promoters and close investors will probably screw another batch of investors. Scenarios like this have happened more times than I can count! When something goes wrong and you're holding several thousand dollars worth of stock, you're not going to be looking to inform the world about things that will negatively affect the stock's PPS! You're looking for ways to bring in buying pressure, not decrease it! Folks love pumpers/promoters when they are helping the stock they are in go up. Folks hate those same pumpers/promoters when their stock is going down. Heroes and zeroes in the microcap world are one and the same...it just depends on the day. Remember this though...if the guy at the top decides to take advantage of people...he most certainly will succeed. What you need to know is your place in the food chain. And friends, if you're a rookie to the OTC world...you are a bottom feeder that gets caught eating the crap of all the other fish in the ocean when the "Domino Effect Axiom" kicks into high gear.
5. The Vapor Shares Axiom
If you see a poster battling the idea of shorting OTC issues with determination and vigil, sit up and pay attention...that poster is either a short himself or working on behalf of the shorts. People and/or groups with the right connections can and do short OTC issues...many times they short stock into oblivion with the full approval and consent of the leadership of the company. Contrary to popular belief, many OTC CEOs don't give a flying fig newton what their stock price does...what they care about is getting their hands on YOUR MONEY. There is alot of money to be made when a stock goes up. There is even more money to be made when a stock goes down if you were selling vapor all the way down to .0001 and cover there. Microocap hedge funds exist. Microcap hedge funds manipulate stocks and steal the money of good people. Unless you are a microcap hedge fund yourself, you can almost never win a battle against a powerful microcap hedgie that is shorting the snot out of your beloved stock. Remember, this is an "axiom" that stands on its own. I will not seek to prove the validity of this point to you. You must simply either accept it or reject it.
6. The Glass-Half-Empty Axiom
Bashers on message boards are a very real force to contend with and it's not a coincidence that I've put this axiom after the "Vapor Shares Axiom." It is easier to get a person to sell a stock than it is to buy a stock...and they know this very well. If your stock's message board becomes infested with bashers...be careful! Unless you believe the company has some incredible news that may force these guys to cover or unless you know of a group with mega-bank that is going to push the stock and perhaps force a cover...be careful when playing with shorty. Many of these bashers will try and convince you that they are there out of the kindness of their heart to try and rescue other investors from the perils of a diluting CEO or worse. Nope. Their motives are to bring the PPS down down down. Bashers, in the end, are almost always right eventually because they are bashing OTC issues. They know axioms like "The Center Stage Axiom" too!!!
7. The Supply IS Demand Axiom
I have seen several runs simply because a stock has a low share structure. A low supply creates demand. Know the share structure. On plays where the TA is gagged, plan to exit within hours of entering and play the momentum only unless you have STRONG and SOLID reason to believe the stock will go up. Call transfer agents. Learn what authorized shares, outstanding shares, and float mean. The share structure is the first thing I look for when making a new investment...it should be the first thing you look for too. If a company is not willing to be transparent in this area, you can bet there's a hundred other areas they're not willing to be transparent about. I have and continue to invest in plays where the transfer agents are gagged (unable to report to you what the current share structure is) but I don't plan to stay invested for long.
8. The Don't Click The Mouse Yet Axiom
Never buy a stock at the high of day after a significant run (good rule of thumb here may be 70-80%). Wait for a pullback. And while you're waiting, do some due diligence. Check the company's filings on pinksheets.com or otcbb.com. Read a few of their PRs. Check the history of the leadership there. Call the transfer agent (T/A) and ask for the share structure. And on stocks that are pulling back, buy at the bid. Remember that it takes both bid buyers and ask buyers to make a stock PPS go up.
9. The Morning Patience Axiom
The first hour of the market is "amateur hour." With most first-hours on hot issues, it'll either be extreme bid whackage which will cause some panic selling which will create some excellent buying opportunities later in the morning OR it will be extreme ask slappage which will lead to a pullback around lunchtime. I hardly ever buy during the first hour of the trading day, and I'd venture to say 80-90% of the time that decision has paid off. I'd rather watch a few missed opportunities than be stuck in a bunch of "apparent" ones.
10. The Bruised Knee Axiom
There are too many enemies against an OTC issue's PPS going up to NEVER lose a battle. Know how to take a defeat. You lost. YOU made a mistake. Evaluate what went wrong. Evaluate why YOU lost money. It's okay to lose money occasionally but it's not okay to be just as dumb after as you were before! Think, think, THINK! Don't make the error again. Get smarter. Listen, school is expensive...tuition rates are high! If you want to make money trading the OTC you had better plan to spend the first year in school.
11. The Show-Me-The-Money Axiom
I once asked a poster that was complaining about getting lied to on a message board: "Are you stupid in any other areas?" Seriously folks, everyone on a stock message board has an agenda...including ME. Including YOU. Consider how often your posts are seasoned with fiction and/or things that you simply DO NOT KNOW TO BE CERTAIN. Consider that you have most likely served up a poo-poo platter covered thickly with powdered sugar. Trusting stock message boards for accurate due diligence is like trusting the National Enquirer for accurate UFO sightings.
12. The I'm-Rubber-And-You're-Glue Axiom
Develop thick skin if you plan to post on stock message boards much. 'Nuff said.
13. The Know-Your-Anthropology Axiom
Understand the nature of man! For this axiom, you need to be somewhat of a Christian theologian. The Bible clearly teaches us that mankind is not naturally good...he is naturally evil (Psalm 14 is a good place to start). The word Christian theologians use to describe our condition is "depravity." Because of the fall of man, we are morally corrupt in every part of our being and tend toward wickedness (i.e. greed, theft, lying). We stand in need of redemption from a Savior. So understand that you are playing amongst people (including yourself) that are not naturally good...they are naturally bad. In other words, you're playing with fire. Lies, half-truths, and misrepresentations abound in the OTC world. You better take EVERYTHING with a grain-of-salt the size of Texas. Some posters require more salt than others to digest. Be an evaluator of people. Learn how to ask the right questions. Make sure your yellow flags and red flags are ALWAYS working.
14. The Early-To-The-Party Axiom
Be willing to buy lower what you bought higher. I have often arrived to a party early. By "party" I mean a gathering of people and people's money that will result in a stock's PPS going much higher. By "early" I mean I got there before the stock was sitting at a low. I am always somewhat discouraged when a purchase I made continues to go down. But if I have done solid due diligence in the company, I often take it as an opportunity to add more shares cheaper and lower my average. In other words, don't look at your initial investment as dead money and hope that it goes back up again so you can get out. Average down, do the due, and then promote your stock to others and help jumpstart the party. Be a spark plug.
15. The Next! Axiom
Be looking to get out of an issue the moment you get in. Have an exit strategy in place. By buying a stock you are not entering into any kind of formal arrangement like matrimony. You are an investor and as such your goal is to make money. If your investment should go up within the first 20-30 minutes of purchase why is it any different taking some profit then as if it took 20-30 days for it to go up? Get in. Lock in profits. Ride freebies.
16. The Grow-Up Axiom
Somebody once said: "If somebody screws you once, shame on them. But if somebody screws you twice, shame on you." In the OTC world I would modify it a bit to say: "If somebody screws you once, shame on you. If somebody screws you twice, you really are a moron." Take responsibility for ALL your investment decisions. Almost nothing ever happens as planned or hoped here on the OTC. There are too many enemies against making a stock's PPS go up. If you're going to play the game down here...you better be ready to accept FULL and COMPLETE responsibility for EVERYTHING YOU DO IN THIS INVESTING REALM. Point the finger of blame at only one place: yourself.
17. The Ask-Yourself-Why Axiom
Understand that many of the people encouraging you to buy an issue are compensated promoters whether they disclaim it or not. Most times they do not have your best interest in mind, they have their best interest in mind cause they're sitting on a mountain of stock and can't wait to turn paper into cash. It has been said that "the man that can answer the question 'what' will always have a job but the man that can answer the question 'why' will always be his boss." Be continually evaluating EVERYTHING by asking questions that begin with "WHY."
18. The What-Was-That-Again? Axiom
Understand you are almost NEVER getting the whole story. The only way optimists will survive in the OTC is if they become compensated promoters. Pessimists can either become paid bashers or fast flippers. The OTC calls for realism. Be a realist. To be a true OTC realist you need to know and understand all that you are up against to make a stock's PPS go up.
19. The Public-Versus-Private Posts Axiom
Many of the people pumping stocks are stuck in them and want to inspire a whole new wave of bagholders to come take their place. Often times what is being said on the public message boards is completely different than what those same posters are saying behind closed doors. Realize this. Digest this. Embrace this. Don't be naive.
20. The Buy-The-Story-Not-The-Company Axiom
So you bought a stock because of a solid PR that came out. Cool. Why did you buy? Because of the story. Do you really know anything else about the company? Is it real? Do they have a big building? Do they have equipment? Are they producing? Forget all that. In many ways it is irrelevant. If you are going to invest in the OTC you had better learn to invest in STORIES. Now, ironically, one of the dictionary definitions for "story" is "a lie or fabrication." Do you really think that you are investing in the same caliber of companies on the OTC as you would on the NASDAQ or NYSE? Don't be naive! Do you think what your company outlined in that lovely PR is really going to happen? Two words for you my friend: SAFE HARBOR. In the OTC you are investing in POTENTIAL ALONE; therefore, be a discerner of the POTENTIAL OF THAT COMPANY'S STORY. What has great potential? Water to China? American Idol in a 3-D world? Gasoline replacement in a weed? Oh yeah baby! All those STORIES have great POTENTIAL. But there's a monster "IF" involved in every one of those. After some time, the reality that the "IF" is gonna stay a big "IF" sinks in and the stock PPS encounters a slow death. Sadly, some of the really real OTC companies go unnoticed because they do not have a great story with potential. The term many investors use to refer to the story is "kool aid." Does your stock have good "kool aid?" Well, does the potential of your company make you want to buy it? Does it make other want to buy it? I try to avoid investing in OTC issues that do not have good kool aid flowage or the potential for good kool aid flowage. Wow. What a concept. On the OTC sometimes you have to invest in the POTENTIAL POTENTIAL of a company. (That last sentence wasn't a misprint. Read it twice if you need to.)
21. The Don't-Gamble-Away-The-Mortgage Axiom
You *should* expect to lose your entire investment. You *should* expect to lose more money than you make playing OTC issues until you wise up, learn these axioms, and behave according to them. If you are playing the OTC to try and make some quick money to pay off a debt, good luck with that. Unless you are an experienced OTC Jedi Master that does this for a living (and I'm by no means saying that I am one or that I have arrived!), you better ONLY USE MONEY YOU CAN AFFORD TO LOSE.
22. The Dingleberry Axiom
This is the term I save for bidwhackers. Realize that the OTC market is unfortunately full of people that don't understand the concept of selling at the offer. They are more than happy to whack out the bids on an issue for their lunch money. Realize that usually the longer an issue stays in the spotlight, the more problem it is gonna have with dingleberries, er, whackers.
23. The Bid And Offer Axiom
Level 2 is often the truest of truths in the OTC. It tells a very accurate story. If you cannot afford to spend your day glued to L2 watching the issues you're trading...you shouldn't expect winning trades on the OTC. I simply cannot stress enough the importance of having LIVE Level 2 and understanding it. Spend some time paper trading which watching L2s. Practice. Practice. Learn. You just gotta understand what the Level 2s are telling you. Some of my friends would also come in here at this point and say it is not only L2 it is also the chart. I would argue that it is MORE L2 and LESS the chart. By understanding and watching L2 I feel like I can identify dilution much faster than by simply looking at a chart and all its indicators.
24. The CEO Is A Scumbag Axiom
Now I know we're all quick to defend our favorite CEO...but the truth is he or she is a scumbag. Now what level of scumbag she or he is I cannot say...but with confidence I can say that every OTC CEO is a scumbag. Deal with it.
25. The Know Your Friends And Enemies Axiom
You will have a hard time succeeding down here without friends. Any amount of public success will bring you more friends and new enemies. Understand which is which. Keep your nose clean. Loose lips sink ships. Know when its time to sever a relationship. Know when its time to repair a relationship. Know your associates.
Now, I must ask you, knowing all of the above, do you REALLY want to mess around with penny stocks? I mean...really???
Okay.
Those of you that have never traded in the OTC or are just beginning to trade down here and are right now shaking your head and thinking that you somehow transcend these axioms...you will have to learn the hard way. Traders like me will end up with your money. I want to thank you in advance for helping build my portfolio.
Those of you scared out of your gourd right now...GOOD. You should be. You should realize that you're absolutely nuts to be risking money down here (and I use the term "down here" on purpose) in the OTC!!!
Investing in the OTC is very risky. It's riskier than Alaskan King Crab fishing! But the rewards often outweigh the risk. The lure of monster profits is too much for many of us to say "no" to. The idea of finding that one true gem in a million that becomes the next Yahoo is too strong a draw for many of us to avoid. The surge of adrenalin that comes when profiting 100% on your money within the same hour you made the trade is addicting. The fun that comes from finding friends and having a successful trade with them is indeed AWESOME.
The OTC is a crazy world that attracts some pretty crazy people...and yet I have chosen to live in this world...I have accepted the consequences of investing in the OTC. I feel safer putting my money in an OTC issue than a NASDAQ or NYSE issue because I understand the OTC.
I have written all of the above as a student, not a teacher. I will always be a student of the OTC...ever learning. I do believe that is a good attitude to have if you want to truly be a successful OTC trader/investor. I do hope that some of what I have said above will help you retain and/or build your bank!
If you want to quibble about something I've stated above or you'd like to tweak something to make it a little more accurate...please feel free to come and engage me on my Van Scan board here: http://investorshub.advfn.com/boards/board.aspx?board_id=12481
Sincerely,
vantillian
NOTE: This material is original with me but please disperse and dispense far and wide as long as you give credit and you think it will be helpful.
INDR (no bid/0001)Waking up?
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Don't Click That Buy Button!
This Weekend We Give Auri, Inc. (AURI) The Boot!
We got tired of the paid touts pumping the crap out of this tiny, under-capitalized and over-valued footwear manufacturer, so we're taking a look at the fundamentals and we'll give you reasons why Auri is a bad bet. A very bad bet! So bad in fact, that they are having a tough time with their private placement. And that's why this Pump and Dump is ongoing. Because the insiders need your cash.
We'll show you how the Forbes article naming them a most promising company of 2009 has been trumped by Forbes' more recent article. And then you'll know why the touts have been working so hard to extract the meager investments from the public. We think you need to know our view of the lowdown before the next 10-Q filing because by then, it might be too late.
See you this weekend!
Until then,
Be careful out there!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
July 25, 2011
The touts are hot on the trail of UTOG again, now that there is hope that the SEC will lift its trading restriction on the stock and enable it to go back to the Bulletin Boards. The stock was on a 10 day halt in June following a series of questionable claims and a multi-million dollar promotion which saw insiders dump millions of dollars in stock on the street. After the 10 days expired, the stock was allowed to continue trading on the grey sheets under a tremendous amount of scruitiny and restrictions on brokers. In the meantime, the company was required to file a new 15c-2-11 statement with the SEC outlining a series of corporate information and company disclosures in order to have a chance to relist to the bulletin board. That has now been done and the company is waiting with its fingers crossed.
Amongst the concerns of the SEC, was the heavy promotion campaign, including illegal spam emails, which to no one's surprise the company claims it knows nothing about. One campaign called for the stock to trade to $8 a share giving it a $1.7 billion dollar market cap. At that time, the company had $157 in the bank.
An Insider of this company, Patrick Smyth, who also acts as investors relations point man, has been involved in several companies which have received trading halts in the past. As a leopard rarely changes its spots, we recommend being careful with this one, and by being careful, stay away. Now trading in the 50 cent range, ask the investors who paid $1 - 2.50 for this stock if they wished they had done the same when we first start issuing warnings about this one back in April and May.
Alert:
At least five paid touts are sending emails promoting CDOI.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting ICPA.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting UTOG.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting GRHU.
We classify this as a pump and dump.
Alert:
Illegal spam emails are being reported promoting HDUP.
We classify this as a pump and dump.
Alert:
Illegal spam emails are again being reported promoting HRTE.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting BZRT.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting POTG.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting GSTP.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting DSKX.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SAPX.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting BHRT.
We classify this as a pump and dump.
Continuing Alerts:
YIPI, HOTM, MXMI, FOGC, BIZZ, LYJN, VKML, ABAT, AURI, AAAA, KBLB, YESD, SAVW, MNAP, AEBF, WWPW, HOTM, EAPH, MIHI, DEGH, SLLN, BZRT, FTEG, RFNN, GLDN, MNAP, TBBC, SIRG
Be careful out there!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Not So HotCloud Mobile, Inc. (HOTM) Will Leave Investors With Bleeden Hearts
July 21, 2011: The regulators of the public markets in Canada require officers and majority shareholders to file Personal Information Forms (PIF) which must then receive approval. David Bleeden, President of HotCloud Mobile, Inc. (HOTM), is a good example when making a case for such policing in the US penny markets.
Prior to beginning a somewhat dubious career in the cellular telephone business, Mr. Bledden, a self-confessed former drug abuser, was the recipient of the hospitality of the State of California, after pleading guilty to three counts of burglary, one count of joy-riding and one count of child abuse. According to the deputy district attorney assigned to the case, Bleeden ran into Tower Records, Record Warehouse and Music Plus record stores, grabbed armfulls of CDs and then ran to a getaway car driven by his wife, sometimes with the couple's baby also in the car. After plea bargaining down from 10 counts of burglary, the couple was each sentenced to six years in prison. During the plea negotiations, Bleeden bailed himself out of jail while chivalrously leaving his incarcerated.
Sometime after having served his time, Bleeden began his foray into retailing cellular telephones. Having purchased the predecessor to his own Wildcat Communications, Bleeden began to sell telephones and peripherals online and left a trail of unhappy customers in his wake. RipOffReport.com has 9 complaints from customers across the country who claim that they have never received product nor refunds. Having been sued as a co-defendant with Bleeden and his now defunct Strathmore Investments, Wildcat Communications no longer seems to exist. It's no wonder, two banks were/are amongst the entities chasing Bleeden and his companies. In all we found ten civil lawsuits which name Bleeden as a defendant, in Los Angeles County alone, including a Wells Fargo complaint filed in January of this year and a landlord's complaint filed just this last February. It seems that David has not been paying the rent for his business.
We also found a 1995 West Virigina judgment against Bleeden in the amount of more than $655,000. We were going to look into this case but it would have taken a lot of research and we figured, "Why bother?" We already know what we are dealing with here.
All these lawsuits alleging so much wrongdoing seems a little strange for the claimed founder of Naked Juice. That company, first bought by Chiquita Brands and now owned by Pepsico, should have brought Bleeden a nice piece of change, so we wonder, why all the schemes?
As for HotCloud Mobile itself, it is difficult to analyze its current financial position as it has not filed anything with the SEC since Mr. Bleeden purchased the formerly Canadian shell. However as recently as April 30, the company claimed liabilities of $3.5 million and the company has not announced or filed anything that would make us believe that this situation has changed since.
We do note that the company has released a bunch of self-promoting press releases (something Mr. Bleeden is quite good at as you shall soon see), none of which really speaks as to confirmed sales or revenue generation, but more in generalities Accordingly, we find it hard to justify the current market cap of approximately $35 million. Considering the low margins in wireless retailing, we'd find it just as difficult to justify a market cap of $35 thousand.
We do rather enjoy Mr. Bleeden's almost narcissistic self-promotion. We found several articles, written by Bleeden himself, which expose his worth in the business community. We particularly enjoyed "Meet An Inspirational Soul, David J. Bleeden", in which he labels himself "an inspiring young entrepreneur" and "the person who has almost become the synonym of success." A press released issued by Bleeden himself is just as entertaining, as he declares, "David J. Bleeden is the name with whom everybody wants to show its name." We'd like to add a caveat to all this chest thumping. If you don't believe that David Bleeden is an honest and brilliant businessman, just ask him.
NEXT!!!!
Be careful out there!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
July 21, 2011
Our advisory on HOTM was expected to be distributed to our subscribers yesterday, however confirmation of criminal records took a longer than expected and we were unable to meet the announced distribution time. We apologize for the delay but we wanted to be sure we were talking about the right guy. We have our confirmation now and we are putting the finishing touches to our advisory which will come at you within a couple of hours. Fortunately, the stock traded relatively low volume yesterday, perhaps in anticipation of our report, so there won't be any additional victims that might have been preserved had we otherwise not been delayed.
Alert:
At least three paid touts are sending emails promoting FOGC.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting LYJN.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting VKML.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting GRHU.
We classify this as a pump and dump.
Alert:
Illegal spam emails are again being reported promoting HRTE.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting POTG.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting GSTP.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting ABAT.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting BHRT.
We classify this as a pump and dump.
Alert:
At least three paid touts are sending emails promoting AURI.
We classify this as a pump and dump.
Continuing Alerts:
KBLB, MXMI, YESD, SAVW, MNAP, AEBF, WWPW, HOTM, EAPH, MIHI, DEGH, SLLN, BZRT, FTEG, RFNN, GLDN, MNAP, TBBC, SIRG, SMVR, SUFF, DSKX, DGIN, AAAA, EIHC
Be careful out there!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Here We Go Again!
We Blow The Lid Off Of Hot Cloud Mobile (HOTM)
We took a look at Hot Cloud Mobile (HOTM), which is furiously being pumped and dumped right now, and WE DID NOT LIKE WHAT WE FOUND!!! (notice the uppercase letters)
We found company insiders with a background teeming in rip offs and lawsuits galore! And we don't like what they're up to now either!
We're preparing our advisory as we speak and will release it by noon tomorrow. In the meantime, stay away!!!! And if you're in right now, then for goodness sake....well you know what to do.
Tomorrow! Noon! Be there!
Until then,
Be careful out there!
INDR-anch.com to adcast.com to indr.com and netmix.com with both saying it works.
Red Flagging DANGERS In The Penny Market
July 19, 2011
It look like the suckers were not quite as abundant as the promoters were hoping when it came to the promotion of GRAS. The share price as taken a better than 70% haircut since reaching its high on Thursday, and the promoters are back to relentless promoting, sending email after email because the insiders still have plenty of stock to foist on you. Obviously, our revelations of management sloppiness regarding registration of the company didn't help the insiders' cause any, nor did our questioning of a $360 (now 180) million dollar market cap on a company with $35,000 bucks in the bank. GRAS's latest press release announces the sudden ability to ship better trimmed steaks to their customers. This press release is about as lame as it gets. Notice how they haven't announced how many steaks have been ordered. We suggest that there is still a lot of fat to trim off the price of this stock.
HRTE is on its upteenth spam email campaign and we can't believe that the SEC hasn't stepped in yet to halt trading in this thing. We do want to point out that issues that are the subject of such devil-may-care illegal activities usually and eventually get halted, so we'd be careful about stepping into this piece of garbage.
Finally, we'll continue to warn against POTG and advise staying away from it. Millions of dollars have been lost in the recent dive in share price and yet the promotions keep on coming. Of course millions of dollars have also been made on this tremendous pump and dump, mostly by company president, Paul Luna, and his merry band of insiders. Why the public, in a feeble and mostly fruitless attempt to make a few hundred dollars, continues to reward these pirates who are reaping tens, if not hundreds, of millions of dollars in ill-gotten booty, is beyond us.
Alert:
At least two paid touts are sending emails promoting EAPH.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting MIHI.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting WWPW.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting HOTM.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting YESD.
We classify this as a pump and dump.
Alert:
At least four paid touts are sending emails promoting BIZZ.
We classify this as a pump and dump.
Alert:
Illegal spam emails are again being reported promoting HRTE.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting GRAS.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting POTG.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting KBLB.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting CDMA.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting AEBF.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting MNAP.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SAVW.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting AURI.
We classify this as a pump and dump.
Continuing Alerts:
DEGH, MXMI, SLLN, BZRT, FTEG, GSTP, RFNN, GLDN, MNAP, TBBC, SIRG, SMVR, SUFF, DSKX, DGIN, AAAA, EIHC, VSPC, INTK, ONCS, THWI, OMVE, ZGMD, CBBD, AAST
One of the Saddest Stories in the World: A Lesson We Can All Learn
Anyone who likes Ireland and the Irish cannot be happy to see what has happened to the place. My trip there four years ago saw a place still in the throes of boom times. My trip there just weeks ago was a far different story…
Ireland "benefited" from low interest rates that came from joining the euro. But while those rates were perfect for Germany, they were much too low for Ireland. Cheap money made everyone feel rich: They borrowed and put a lot of money into property. Four years ago, the overbuilding had reached what felt to me was a peak.
In fact, it's been downhill since then. The biggest banks went bankrupt since their property loans went bad. But instead of letting them fail, which happened in Iceland, Irish taxpayers have been bailing them out. This has caused a severe economic downturn. The more wealth that is taxed and taken out of the economy, the less there is for it to grow.
So far, the Irish have suffered mostly silently. Few talk about it, but there has been a severe up-surge in suicides, mostly younger men made hopeless by their debts. Tourism is down: You can say that this makes it nicer for travelers who get huge amounts of extras not seen before. Added to this is the large amount of money that went into infrastructure, like better roads. They often got finished just in time for the recession to hit, so they are often nearly empty. One out of seven jobs that existed four years ago is gone today. Many newly built homes stand empty, and sometimes not even finished.
It's all dramatic proof of the validity of the "Austrian" school of economics. If the interest rate is pushed artificially down, people will react by putting money into projects that are not economic, but feel great at the time. At some point, these "mal-investments" become obvious, but by then it is too late.
The best remedy for this is to do what Iceland did: allow the "mal-investments" to be flushed out. This is very painful, and the banks that were foolish are allowed to go under. But at least the taxpayer does not have to bail them out. After a period of severe pain when the bad investments are "purged," the economy can get a new start.
But bring up the Iceland example to the ruling class in Ireland and they'll point to statements from the Iceland president who says he wouldn't recommend the Iceland example to anyone because it is just too painful. Such statements are played up in the Irish press. However, I think this is the innate modesty of the Icelandic people, who don't like to preach to others. Of course there is short-term pain, but when it passes, there is a new and sustainable strength.
Just recently, Iceland's government was able to borrow money in the international market for the first time in years. A five-year bond had an interest rate of only 3%. To me, this is the sign of a real success. If anyone still wants to lend Ireland money, the Irish would have to pay 14% or more.
These high interest rates have to be paid for out of the pockets of the Irish people. It would be one thing if this money was actually doing some good, but it is only going to pay off the big banks who lent Ireland money years ago.
I thought about how Ireland emerged from serfdom later than most of Europe. It was only recently that it stopped being a poor country. But now, it looks like it could be sliding back into serfdom. If nothing is done, the burden on the Irish to pay off banks for debts long since gone bad will turn the country into a poor place for years to come. Maybe there'll be riots in the streets and people will urge default on debts.
But in the meantime, there is a deep lack of confidence in Ireland. One person told me that it would be extremely popular there if the U.S. wanted Ireland as the 51st state. They've already given up their sovereignty to Europe, and would regard giving it to the U.S. as a step up. Of course, it's not going to happen: The U.S. has enough indebted states to bail out already. The feeling is that Ireland cannot solve its own problems and needs someone to take over. They only fairly recently got independence (less than 100 years ago), and now not only feel like they've failed, but that there is no great hope for the future.
Yes, property prices have fallen. In one case, a house that sold for EUR 9.5 million five years ago just went on the market for EUR 1.95 million. But many outsiders there looking around still believe most asking prices are much too high and must fall for the market to start clearing the huge backlog of unsold homes.
My trip to Ireland was my first exposure to a European casualty of the debt crisis. The other euro-zone nations I've seen, Germany and France, are thankfully strong economies that are riding out the storm successfully. But Ireland is not.
Making it worse is the lack of imagination and courage in the Irish leaders. They are simply sticking to the same ways of doing things and hoping for the best. They are afraid to say goodbye to the European Union, take their own currency back, and stop bailing out the bankrupt. They continue to throw good money after bad, even though they are making their own people poorer by doing so. It's all very sad.
After witnessing the pessimism in Ireland up close… and considering the dangerous financial situation we are in here in the U.S., I have to remind myself not to dwell on the negatives… and remember the best thing each of us can do is to be sure we don't make the same mistakes that entire nations have made. We can't change them, but we can change ourselves.
Red Flagging DANGERS In The Penny Market
July 11, 2011
We were right on GGRI. We were right on AAST. We're always right. We're going to be right this time too.
The paid touts are beating the drums looking for suckers on one of the weekend's heavy promotions, Greenfield Farms Food, Inc. (GRAS). Don't you dare fall for this Pump & Dump without first reading our advisory due out late Monday. Right now we're doing our research and trying to figure out how a company with $66,000 in assets can justify a marketcap of $140 million. For the record, we don't think we'll be able to do it.
Are you going to let the insiders stick you with a bunch of their stock?
A few may participate in some profits. Many will participate in millions of dollars in losses. Are you going to be one of them?
Monday night. GRAS. Until then, just say no.
Alert:
At least four paid touts are sending emails promoting BIZZ.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting GRAS.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting GGRI.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting POTG.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SPOW.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SUFF.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting DGIN.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting DSKX.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SIRG.
We classify this as a pump and dump.
Continuing Alerts:
AAAA, MXMI, EIHC, VSPC, GLDN, INTK, HOTM, ONCS, THWI, OMVE, ZGMD, CBBD, AAST, XDSL, SRGL, CLNO, BBDA, BCLI, UNDT, ACAR, URXE, BGBV, EGIL, FGLD, NGMC
Be careful out there!
Red Flagging DANGERS In The Penny Market
Don't Do It!
The Grassfed Beef Is Not Always Greenfield On The Other Side of the Fence.
We were right on GGRI. We were right on AAST. We're always right. We're going to be right this time too.
The paid touts are beating the drums looking for suckers on one of the weekend's heavy promotions, Greenfield Farms Food, Inc. (GRAS). Don't you dare fall for this Pump & Dump without first reading our advisory due out late Monday. Right now we're doing our research and trying to figure out how a company with $66,000 in assets can justify a marketcap of $140 million. For the record, we don't think we'll be able to do it.
Are you going to let the insiders stick you with a bunch of their stock?
A few may participate in some profits. Many will participate in millions of dollars in losses. Are you going to be one of them?
Monday night. GRAS. Until then, just say no.
And,
Be careful out there!
KATX is looking good and could blast off very soon
Why is a Laundromat a really bad place to pick up a woman?
Because a woman who can't even afford a washing machine will probably never be able to support you.
A Dog's Diary........
8:00 am - Dog food! My favorite thing!
9:30 am - A car ride! My favorite thing!
9:40 am - A walk in the park! My favorite thing!
10:30 am - Got rubbed and petted! My favorite thing!
12:00 PM - Lunch! My favorite thing!
1:00 PM - Played in the yard! My favorite thing!
3:00 PM - Wagged my tail! My favorite thing!
5:00 PM - Milk Bones! My favorite thing!
7:00 PM - Got to play ball! My favorite thing!
8:00 PM - Wow! Watched TV with the people! My favorite thing!
11:00 PM - Sleeping on the bed! My favorite thing!
A Cat's Diary...
Day 983 of my captivity
My captors continue to taunt me with bizarre little dangling objects. They dine lavishly on fresh
meat, while the other inmates and I are fed hash or some sort of dry nuggets.
Although I make my contempt for the rations perfectly clear, I nevertheless must eat something in
order to keep up my strength.
In an attempt to disgust them, I once again vomit on the carpet.
The only thing that keeps me going is my dream of escape.
Today I decapitated a mouse and dropped its headless body at their feet.
I had hoped this would strike fear into their hearts, since it clearly demonstrates what I am capable
of. However, they merely made condescending comments about what a 'good little hunter' I am.
Bastards.
There was some sort of assembly of their accomplices tonight. I was placed in solitary confinement
for the duration of the event. However, I could hear the noises and smell the food. I overheard that
my confinement was due to the power of 'allergies.' I must learn what this means and how to use it to
my advantage.
Today I was almost successful in an attempt to assassinate one of my tormentors by weaving around his
feet as he was walking. I must try this again tomorrow -- but at the top of the stairs.
I am convinced that the other prisoners here are flunkies and snitches. The dog receives special
privileges. He is regularly released - and seems to be more than willing to return. He is obviously
an inferior species.
The bird has got to be an informant. I observe him communicating with the guards regularly. I am
certain that he reports my every move.
My captors have arranged protective custody for him in an elevated cell, so he is safe. For now.
Shermann
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
All That Glitters Is Not Greenwood Gold (GGRI)
June 30, 2011: So after three days of relentless promotional emails pumping Greenwood Gold Resources (GGRI), we decided to take a look at what we've got here. Two of us are sitting in front of a single computer as my partner clicks on the company website's Management tab. I swear to you we both said "Holy S**t" at the same time.
How else do you respond when you see that the company has named one of the most unscrupulous Pump & Dump lawyers in the country as their corporate counsel? We wasted no time. We didn't even look at anything else before we immediately sent out an alert to our subscribers, informing them that an advisory on GGRI was forthcoming. What was it going to say? We didn't know. But as soon as we saw Diane Dalmy's name, we knew it was going to be juicy.
Ms. Dalmy has a developed quite a reputation for aiding and abetting public companies which have been subjects of Pump & Dumps and the dubious promoters that enable them. Amongst her "partners in crime" is Vancouver lawyer and SEC target, John Briner who has been banned from the OTC markets for stock manipulation. Mr. Briner is famous for arranging the sale of Pink Sheet and Bulletin Board shells to people of questionable character and has worked for several years with Ms. Dalmy Together and apart, the pair has been involved in dozens of schemes on the Vancouver market as well as the Pink Sheets and OTC Bulletin Board, writing many a dubious legal opinion resulting in millions of dollars lost by thousands of investors. Several of their clients have been charged by the SEC for securities fraud, as has Mr. Briner. Ms. Dalmy has managed to be slippery enough to avoid charges-- so far.
However, it would not be accurate to say that Ms. Dalmy has escaped notice by the regulators. She has written so many questionable opinion letters that Pink Sheets, the most questionable market in the world, has refused to accept any more legally related letters from her whatsoever, placing her on the Prohibited Attorneys List.
"In general, we expect attorneys who provide us with letters to know securities laws, do the work required, and be ethical," Pink Sheets chairman Cromwell Couslon", told the Vancouver Sun, which quoted him in a February 17, 2010 article dedicated to Ms. Dalmy. "We ban them when it becomes apparent they are stupid, lazy or dishonest."
Ms. Dalmy has been identified as legal counsel of several companies well recognized for their Pump & Dump schemes, many of which have been halted by the SEC. Most recently she was involved with scam, 5Barz International (BARZ), for which notorious promoter Tim Fields was retained to Pump the stock. Mr. Fields called for 1060% gains by July 4 of this year. The stock has been cut in half since Mr. Fields lofty call in April, but not before lining the pockets of insiders with millions of dollars extracted from unsuspecting dupes.
Dalmy has also been associated with well known promoter and another SEC target, Brent Pierce, who has run dozens of scams out of his Vancouver office.
Ms. Dalmy's next representation of a legitimate company will indeed be her first. We wonder why GGRI would name such an attorney as Legal Counsel. Of course the question is rhetorical. We know the answer.
Now about the Summer Mining Property in the Quesnel Trough. It's worthless. Not the entire region, just GGRI's Summer Property. Worthless. Yup, we said it. How do we know? Easy when you use deductive reasoning.
Candorado, who sold the rights of the property to GGRI, initially announced the acquisition of the property in a January 29, 2007 press release. Under the agreement, Candorado paid $8,000 for a 100% interest in the property. Deduced: The property was cheap because there was no reason to believe that there was any minerals on it.
Candorado at various times, raised funds, through private placements of stock, to be used in the exploration of the property. The raising of these funds was reported in press releases dated February 7, 2007, February 16, 2007 and several other press releases. Deduced: Money was raised to explore the property.
Candorado, in a press release dated December 2, 2010, confirms that the Summer property is being actively explored. Press releases dated January 21, 2011, and February 7, 2011 also confirm the exploration. Deduced: The Summer Property was explored.
Within its audited Financial statements for the year ending December 31, 2010, Candorado does not list the Summer property as an asset. Deduced: The property has no value.
On June 27, 2011, GGRI announces the purchase of the Summer Property from Candorado. Candorado makes no such announcement to its shareholders. Deduced: The sale of the Summer property is insignificant to Candorado.
And now the most disturbing revelation. On June 26, 2010 the day before the sale of the Summer property to GGRI, Candorado, who owns several properties that it considers to be of more value than the Summer property, had a total market cap of about $2.5 million. At the close on Wednesday, GGRI had a market cap of about $30 million with no cash in the bank and the Summer property as its only asset.
So why was this worthless property moved to a US Bulletin Board company? Because in Canada you cannot Pump & Dump. This is why the "asset" was moved to GGRI. This is why Attorney to the Scammers, Diane Dalmy, is involved. Only to steal your money.
Be careful out there!
From the P&D Newsletter >>>>>>>>Watch out! Later Today we'll be releasing our Advisory on GGRI
A relentless promotion that has been going on for the last few days has motivated us to take a look at GGRI. We immediately recognized one of the names involved and it isn't pretty. So ugly in fact, that the SEC has actually placed certain bans on this person who has a long standing reputation of providing aid and comfort to Pump & Dumps.
Do not buy into this scheme without first reading our advisory, which we are working on right now and will release to our subscribers later today.
Until then,
Be careful out there!
June 29, 2011
We're getting a lot of email on POTG, some mocking us that it is skyrocketing in spite of the fact that we called it a Pump & Dump. Well we never said that Pump & Dump stocks don't go up.
One subscriber called POTG another LEXG. We couldn't agree more. We think POTG is exactly like LEXG. That doesn't mean it will go to ten bucks but it might. It might go to a hundred. Who knows? But one thing we do know is that a lot of people will get hurt on POTG just like a lot of people got hurt on LEXG. That's the thing with Pump & Dumps. Some will go up, but all eventually go down and most of the time go down hard. Some (mostly insiders) made a lot of money on LEXG. Even more took part in the millions of dollars lost. We promise you that is what will happen at the end of the day with POTG.
Other emails call for us to do an advisory on POTG. We'd love to do one but the trouble is that this company is based in South America. We can't find out anything about the people involved or the properties that it purports to be so valuable. Which brings us to another point. Why would you invest in people far away from the reaches of the regulators, in areas (Peru) known to have a past with problematic mining claims. If this thing is exposed as a scam, who do you expect to chase the schemers who got away with your money?
One thing is for sure. If this was the real deal, it would not be hiring so many touters to run Pump & Dump campaigns. We promise you that most of the stock investors are buying is coming from insiders.
Alert:
Multiple paid touts continue to aggressively send emails promoting GGRI.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting POTG.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting AAST.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting AAAA.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting CBBD.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting THWI.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting OMVE.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting ZMGD.
We classify this as a pump and dump.
Continuing Alerts:
XDSL, SRGL, CLNO, BBDA, BCLI, UNDT, ACAR, URXE, BGBV, EGIL, FGLD, NGMC, LOGL, MSMY, MXMI, WTFS, SHMX, IWEB, SUFF, JCOF, MSOA, BZRT, FRXP, IPRU, ALGF
So these three guys of no particular religion, ethnicity, or physical ability walk into a bar. Bartender says "Whatta ya have?" They each order a drink and nothing out of the ordinary happens! *** Joke for the PC crowd*** LOL
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