when is pypr going to see anything?

this was a good read

Thanks for correcting me on that! I will copy that post to my list.

I also apologize to art2gecko for my mistake.

I hope for the sake of longs that PYPR resumes it's run to pennyland. There are a few posters with millions and millions of shares, and I would love to know they're rolling in the green. :)

A good runner is what this market needs to restore faith and new funds to the pennies.

I hear ya'. Time for a some consolidation anyway by the looks of it.

But just so you know, it wasn't Art2gecko that made the comments...it was GordonGekko1982. BIIIIIIIGGGG difference!

http://www.investorshub.com/boards/profile.asp?user=64600

No, but it doesn't matter what I think, does it? I can't control the market's reaction.

In all honesty, I am getting to the point where I protect my profits if I see doubt reflected in the trading. I've been burnt once too often by holding long through thin and thinner.

Unless I bought in so cheap that I'm deep in profit, and am dealing with a dollar amount I can afford to overlook for a month or so while the story sorts itself out, I find I am quicker to move cash to the sideline and wait for the story to shake itself out.

If the accusations are false, that will be established pretty quickly, and the PPS will resume it's upward climb.

I recently made a decision that I will actively avoid getting involved in any stock's 'story', either defending it or discrediting it. There's nothing to be gained, imho, except confrontation and clouded judgment. I don't know any of the principles involved in creating the company. All I have is second hand information, either from those for and agains.

'Mr. Market', in his infinite wisdom will decide how he feels about the story, and I'll go by his judgment.

fwiw, I still hold to my belief that the penny market is indeed looking for the next sub-penny runner capable of reaching .05c, and that money will flow into the next worthy candidate. From the money flow last week, PYPR looked to be a front runner in this category.

This week we'll have to watch closely to see where it goes from here.

Not sure "revelations" is the word I'd use to characterize a few posts by a few nay sayers...unless you know something about this particular group that I don't know about ...

Do you give that little gang some serious credence? I can't find anything in particular that would lend them any more cred than any other basic naysayer...

And just to set the record straight, I believe that was "GORDON GECKO", a putz imo...not Art2Gecko who's opinion I would give some credence to.

The only reference to PYPR that Art has made were in passing and indirect since mid October...

http://www.investorshub.com/boards/msgsearchbymember.asp?SearchStr=pypr&SearchID=367

Actually, the alarm went off yesterday:

http://www.investorshub.com/boards/read_msg_ig.asp?message_id=14906147

PYPR goes off the watch list this week until the dust settles. The markets are dynamic, and I regularly adjust my trading according to new revelations. Last week the money flow into PYPR was obvious on the charts and the trading. This week will be a different story.

But between Art2gecko's post, and the accusations of misrepresentation and shorting, there is just too much drama there for my taste. I doubt "Mr. Market" will reward this kind of mud-slinging with anything other than a smack to the PPS, unfortunately.

What happens when you wave your BS detector over this one today?....

Posted by: Stock Lobster
In reply to: MOMO who wrote msg# 11363 Date:11/17/2006 7:22:21 AM
Post #of 12627

Agree. PYPR has the most potential for a sub penny, imho.

I think this one is going to pennies, though I can't predict any time frame.

The buy back of shares will help tremendously. My one reservation about PYPR has been the OS.

good luck to all!

Thank you Many! Y'never know when I might go temporarily insane from too much caffeine some morning...

Yes, I saw what I called the 'SLJB effect" last week. Stocks across the board sold off as jittery players exited positions on the slightest whisper of concern.

Perhaps this is an inevitable pendulum swing. I also think it's not a bad thing if new traders acquire a healthy dose of cynicism and caution regarding most of these plays. Just because the game is rigged and many stocks are a sham, doesn't mean you can't make money, providing you have your eyes wide open, and your finger on the "sell" button.

There are also a handful of decent stocks at this level, and they are worth seeking out. But first, traders need to adjust their BS detectors and stop making excuses for the bad ones, imho.

That's all true ... thanks ...

and I would never let you jump without a parachute Stock Lobster:)

Another cycle of "weeding out"...[note the date of the post in this link]

http://www.investorshub.com/boards/read_msg_ig.asp?message_id=13399454

I guess because many of us are in a mood of sober re-evaluation this week, and trying our best to point out some of the hazards in the road for the benefit of those less experienced.

Some say that it's best to keep one's mouth shut, and avoid controversial subjects. But I happen to think that if any of us knows that the bridge has been washed out on the road ahead, the neighborly thing to do is to flash the headlights, and give a friendly heads up. It's what I hope others would do for me, if they see me about to attempt to go sky-diving without a parachute.

I know you're of like mind on this subject, and I always appreciate that :)

Have to agree with that too.

Not sure why that came to me, but it's a good read- ty Lobby:)

fyi: Many Pinksheets are created to be destroyed:

Maybe it's just disilusionment setting in, given recent events, but with each passing day I become more and more convinced that many pinksheet companies are created with the singular intention of being destroyed at a later, pre-determined date, by the very individuals and groups involved in their creation. This is a reality most penny players do not even take into consideration, but which greatly diminishes their odds of profiting on most penny plays if they hold for any length of time.

It is my belief that in a number of recent cases, company insiders and founders are actively participating in the shorting of their own company's stock, along with the PIPE financing hedge funds who helped them create the vehicle.

These companies are merely an instrument to make quick profits through the sale of worthless shares. There is never any intention of establishing a business that will last, or investing the raised funds back into the company for the future benefit of shareholders.

In spirit, this is similar to people who buy a house using interest-only adjustable rate mortgages during a high appreciation environment. Most intelligent people who would do such a thing, have no intention of remaining in the property for anything more than a year or two. That is not the strategy for a long term investment.

The same way that the LBO mania was largely a vehicle for creating revenues from fees, PIPE financed pinks are a vehicle for making millions by printing worthless paper. The people who created the company, and who are initially involved in the pump, then also make money by shorting the stock into oblivion. In such a case, an SEC halt is actually welcomed by the shorters, since it provides them with a convenient exit for the 'story', and they need never cover their short positions. The poor gullible sheep couldn't begin to conceive of this kind of trading strategy, and get hit coming and going. But nearly every classic grift similarly ends with a raid by the police, staged or otherwise.

The more complex the "story", the more "drama", the more certain I now am of manipulative and fraudulent intentions. Be wary of any stock that needs to be sold with a complicated storyline, featuring many mysterious participants in a highly charged, emotional environment. Taking a page from a classic grifter's ploy, these individuals may even appear to be at odds, and get into vicious fights to distract investor attention from other matters. An incorporation in Nevada, given the reasons discussed in the previous post, raises the odds of the stock being a money laundering scam.

The scope of this goes so contrary to the way most people think, I'm not surprised that otherwise stockmarket savvy and intelligent people fall for the trap.

I now wonder how many pinksheet CEOs are actively shorting their own stock? Quite a few, I suspect. That's the real kick in the pants.

I also don't expect anything to change anytime soon. Money creates it's own rules. It's up to investors to be fully aware of the entire range of possibilities, and take evasive action to protect their capital. "Caveat Emptor" applies more than ever to this end of the market

Problem with this is, newbies won't even know what most of the words you just used mean, let alone be able to read between the lines, be able to compare or have a baseline or even know where to find credible sources of information.

That's why they get most if not all their pics and info FROM MESSAGE BOARDS! LOL

Congrats on the new board Kojira, I like it.

Have to agree with that.

It would be so easy to grow slow and steady just by diversifying into every confirmed breakout on the OTC and selling at a measly 20% profit using GTC's every time .... but no .... we wanna go big, play the momo, risk big, win big, lose big ... we live for the adventure, and sometimes we get hurt- or killed. We bring it on ourselves.

Yes, 100% true. We make the decision to buy or sell, the responsibility ends in the mirror. That doesn't solve the problem faced by many newbies or unseasoned investors however. It is very easy to get caught up in the hype and providing some semblance of a framework in which the chances of them getting slaughtered or to delay the slaughter is the goal here.

-k

Excellent Scam Checklist:

Courtesy of Guapo, on HSM:

* - Late filings, and endless excuses for the lateness

* - Heavy Dilution (for ex, OS increases three-fold in a few months even during buyback and still increasing daily)

* - Blaming low stock price on short sellers, while the company continues to dilute heavily.

* - Company executives pumping their own stock

* - Questionable O/S and Float (OS increasing everyday)

* - Inaccurate SEC filings (Keep padding and inflating fake assets on filings)

* - Constant company delays

* - Previous reverse splits, stock symbol and company name changes, sometimes accompanied by changes in the business they’re in (1 for 25 RS last December)

* - CEOs with past histories that indicate they were involved in previous pump and dump schemes

* - Company executives spending a lot of time doing other things than conducting business

* - Companies that hopscotch from one business to another (Check Business description under their last filing, they have been hopping from business to business)

* - PRs containing 'weasel talk' (Read their financial statements and fluff PRs, always inflating revenues, income and property values upon acquisition and contract numbers)

Ah, lowman and laptoptrader, two of me fav bro's, showing some heart to the newbies. That's class...

Save a penny, make a buck, sooner, or later...lol...Oh my God, these bags are heavy. lol!

And for those of you who have ALREADY been fleeced, come to...

http://www.investorshub.com/boards/board.asp?board_id=7415

I believe the best way to learn how NOT TO GET FLEECED is to read the experiences of others who HAVE BEEN FLEECED.

Learning from the mistakes of others is a lot cheaper than learning every lesson yourself...THE HARD WAY.

"Newbies need to be warned but you can't hold their hands."

That's about the size of it, BUT, I believe it is still possible, to some extent, and I justed started the board that might help do it:

Money 101 (MONEY)

I have no intention of hoping for a board with many posts...even one is not neccessary. An Ibox that breaks down the basics is sufficient, since most people read the IBox first, and go from there. Kinda like the storefront...if it doesn't draw 'em in, nobody'll come in and buy.

Perhaps if a few others suggested to Matt, a 'certified primer course' for all new members, he would see the benefit as being one that would ensure new members are equipped well enough to survive to become long-term members, which of course, would be conducive to IHub's own ends.

Excellent idea...but not very realistic IMHO. The party line is that "iHub only provides a forum for discussion and investment decisions are up to the individual reader...blah blah blah..." Anything else increases iHub's liability and that is somewhere they don't want to go. Definitely a Catch-22. Newbies need to be warned but you can't hold their hands. The TOU are what they are...if someone can convince ADMIN to enhance the TOU with sterner warnings, caveats and huge red flags then that would be great.

Some excellent posts already, on this very young board! I'd like to add one myself, but to do so would assume I am capable, which could be the farthest thing from the truth! LOL

I have found, no place will a person (newbies, particularly) be humbled quicker, than in the stock market. Problem is, confidence in one's own intelligence leads people to jump in shark infested waters without first even knowing how to swim. I've been there! LOL

The lure of easy money has a very strong appeal, and it is that very appeal that is the demise of any and all who come, that subsequently, go.

The old "if it's too good to be true" should be the first red flag, but unfortunately, the "lure of easy money" overwhelms the common senses far too often.

I seriously doubt even one single member joined IHub with the intention of losing all their savings/investing capital, however, I am quite sure there are MANY people who have joined, lost bundles, and moved on, telling themselves that investing is not for them.

Nothing could be further from the truth though.

The key to STAYING, is using all the tools available, and the greatest tool of all, are our own brains and common sense. Humility is a pre-requisite (until you've risen to Shakerz status).lol

I am continually repeating, "the tortoise alwins wins the race". It's funny how a simple fable applies to profitable investing (note: I did not say trading).

Now, IHub is growing by leaps and bounds, and it would be safe to assume that these new members are not primarily experienced investors, since the majority of experienced investors found IHub long ago.

IMO, it would do well if IHub created a specific:

"Welcome to IHub. Value your money? READ THIS BEFORE PROCEEDING!"

paragraph that stops ALL new members in their tracks, and makes them stop and think.

Perhaps even a fixed period of time (1 week?) of study on the knowledge ladden boards, before being allowed to 'swim with the sharks' on other boards such as Momentum Players and BB's Penny Haven (the two surest boards to lose a lifesavings on).

IHub has MANY great boards for learning, but the first and most important thing newbies need to know, is just how much a newbie they are.

I have an old saying: the older I get, the more I realize, how little I really KNOW.

There can be no greater single sentence that will do more for the new investor than to emphatically understand that.

Unfortunately, money burns holes in pockets, and the desire for knowledge usually does not come until AFTER one realizes how much they need it. By then, a fortune has already been lost.

Since education is the key to success, learning about companies is second to learning what makes them good or bad investments.

Dilution, (MM) manipulation, paid promotion, and false representation, IMO, are the four most important things ALL serious investors need to be fully (or atleast fairly)knowledable in, before dropping one single buck into any company.

Perhaps if a few others suggested to Matt, a 'certified primer course' for all new members, he would see the benefit as being one that would ensure new members are equipped well enough to survive to become long-term members, which of course, would be conducive to IHub's own ends.





"Took me 3 long years to make a million bucks overnight, and the following day, I lost it all (in the stock market)!"

(LOL...joking, but not impossible)

I Think the Point I Am Trying to Make

is that it isn't Mr. Market who kills us, it ourselves.

fringe

One secret in "pinkyville" is diversification.

There are just too many who only post on one board and who have put all their eggs in one basket.

Diversification: A risk-management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.

Diversification strives to smooth out unsystematic risk events in a portfolio so that the positive performance of some investments will neutralize the negative performance of others. Therefore, the benefits of diversification will hold only if the securities in the portfolio are not perfectly correlated.

Studies and mathematical models have shown that maintaining a well-diversified portfolio of 25 to 30 stocks will yield the most cost-effective amount of risk reduction. Investing in more securities will still yield further diversification benefits, albeit at a drastically smaller rate.

Further diversification benefits can be gained by investing in foreign securities because they tend be less closely correlated to domestic investments. For example, an economic downturn in the U.S. economy may not affect Japan's economy in the same way. Therefore, having Japanese investments would allow an investor to have a small cushion of protection against losses due to an American economic downturn.

Most non-institutional investors have a limited investment budget, and may find it difficult to create an adequately diversified portfolio. This fact alone can explain why mutual funds have been increasing in popularity. Buying shares in a mutual fund can provide investors with an inexpensive source of diversification.

For beginners and those who got a wake up call, start with reading Microcap Stock: A Guide for Investors from the SEC at: http://www.sec.gov/investor/pubs/microcapstock.htm

Thanks Fringe. It's great to see you here friend. Super post as usual. As Buddha stated "Desire is the root cause of all evil". The more we crave the stupider the mistakes we make. As my PMs to you after the SLJB debacle can attest, we quickly move for the next BIG strike after a major meltdown. We load up that next MOMO play and let her rip, "We just need a 3 bagger on this one to get back to even". Then we take an even bigger kick to the ba**%.

It is much easier for us to dismiss the doubters and join the pumpers, cuz from 5c to a $1 sounds oooh sooo much nicer. Trading like a machine as you put it is one of the keys, take the emotions out of play. Lock in that $100 profit.

Then there are those few select pinks that are very shareholder friendly and refuse to dilute their investor base to death. They need to be highlighted. They are a few out there, maybe we can start the discovery process and bring them to the fore front.

-k

MACDad...thanks for the kind comments. If we can save a single investor from making that BIG mistake, the board would have been of value. There are many Ihub posters with member marks approaching stratospheric levels throwing out recommendations after loading the truck up and the lemmings (myself included) just follow without doing the appropriate amount of DD (or they discount their own DD and second guess themselves).

It behooves investors to really dig into some of the negative aspects of a company when posted by so called "bashers", for the most part they are right and the HERD is wrong. It's easy to dismiss someone when their opinion runs contrary to the $2 in 2 months pump. The larger the pump the bigger the fall.

I know several really conscientious and super folks with member marks in the multi hundred+ area who do not operate in this manner. Those folks are few and far between and I mean them no disrespect. I hope to highlight those folks here, so that at least the newbies and the unseasoned among us will reduce their chances of getting KILLED by MrMarket.

-k

GLTY with the Board and future trading.

This place is certainly a good reminder of what we face in OTCBB/Pink land, but that we so easily conveniently forget in the hope of HUGE profits.

kojira

Congrats on the new board.

I think your most important first post quickly identifies the kernal of the problem. It's not the pinkies or the OTCbb scams that are the culprit. It's us. We choose to buy them, in the face of all the continued losses and failures. We choose to hold them in the face of repeated warnings that to do so will make you lose your money.

We know that greed/fear combinations are hugely powerful as motivators. The trader needs to get past that and become completey machine-like in his actions and assessments in order to stay in the game. We know this but chose to ignore this so we can remain entrenched in our fantasies about easy riches.

The fact is the game is rigged and unless we take profits mercilessly on the way up, and approach each play as a pure technician, then we are lost. The emotive side of the brain will take over.

If you look at the posts over the past four months on the SLJB board all of them hinged on the emotive side of the play. The moderators played on this skillfully. The posters never focussed on anything that was real or known. They preferred the denial that let them stay within the self-imposed greed/fear continuum.

We've all heard this stuff before a thousand times. The real question then is: why do we continue to choose the wrong path? It is this innate knowlege about the human condition that lets the scam artists and promoters continue to mount the attack.

There is not a single person on the SLJB board that deserves their money back. I do not deserve a cent on any of the losses I chose to take over the years.

fringe

On a lighter note..Safety Tips for Penny Players:

INVESTORS!

Please do not snort the koolaid. It does not make you a better investor.

Try to avoid recreationals during trading hours in general. They tend to make you do reckless things like buy stocks with billions of shares outstanding and no bids, and a CEO who challenges message board posters to a fistfight.

Do not believe rumors that psilocybin lets you see free level 2s in your head. Sadly, it's not true. Not even the organic kind.

No, Virginia, MDMA is not a stochastic measure.

Don't touch the brown liquor. That's for the accountant. The tickets for Namibia are for the CEO.

Please exercise extreme caution when joining an investment cult. They often end up in bizarre rituals of group financial suicide.

Investment cults are not a good place to make friends or meet a mate. Their leaders are usually humorless alcoholic ex-cons, and many ringleaders have an extra chromosome.

Should you find yourself inadvertantly trapped in a stock cult which is on a well planned collision course with an iceberg or the SEC, please identify all exits ahead of an emergency escape.

Remember to switch your brain back to the "ON" position

Consider taking 'common sense' and 'reason' off "iggy"

If half the posts on a stock board are being deleted, assume this is not a good sign. Your board moderator should not be using the Texas Chainsaw Handbook of Discussion Management.

Make sure the aisles are clear, and remember that in case of a sudden loss of buying pressure, market orders become your friend.

Try to avoid barfing on your computer during sharp descents. Smart investors keep a copy of the Wall Street Journal around for this purpose.

Anytime you hear a "boat" or "truck" reference in the same sentence as a stock, be alarmed. 'Loading the boat' and 'backing up the truck', should immediately conjure images of martime disasters, refugee flotillas, stolen merchandise, and traffic accidents.

Practice 'safe speculation' (an oxymoron I know), and never put all your eggs in one basket, unless you like the idea of a big omelette with bits of eggshell and wicker in it.

Contrary to popular belief, the best time to buy is not when blood is running in the streets, unless you like the idea of a mangled corpse. These concepts do not apply to penny stocks, where the the stock may have been attacked with the lead PIPE of dilution or exposed corruption, and blood can run for weeks leading most often to the stock's certain demise.

Several Great Posts SL - hopefully your well written thoughts will help a few people and that would certainly be a good thing.

The scams, pump & dumps, frontloading and worse are getting more and more brazen and diabolical it seems. Newbie’s are being wiped out in droves. Board "gurus" are leading people astray with ulterior motives or ego driven recommendations, opinions and advise. One sided Kool-Aid boards are all the rage.

While it seems that is just how the market order feeds itself -it is a somewhat noble gesture to at least try to educate, share and warn the unprepared for what will inevitably be a wake up call down the road. It will all make so much sense on the other side - unfortunately - their wallets will be much lighter and their lives may certainly be negatively affected.

It's been reading about those type of stories over and over again and seeing so much pain on these board that made me leave my own pretty successful TA board well over a year ago.

Kojira - Kudos to you for starting this board - Sorry for all the folks that lost more then they could risk on the latest lotto ticket. But starting a board like this could certainly help a few. It's been tried before - unfortunately they are not given as much weight as they should be.

It's strange how we sometimes can't or just won't see what can be so painfully obvious to others - and how adamantly we will go to war to defend our position - even when it is dead wrong.

Anyway - just wanted to compliment you on your important posts and Kojira on starting a board that should be important.

Enjoy the Weekend
MacDad

Doesn't he talk to the moon people? Maybe they're sending a representative to this fete as well.

Could be a one of a kind, inter-galactic kinda event.

Bring your running shoes and $10 in quarters.

man thats a great idea!!! i love it!!! and perhaps with overtones of rufus overthrowing the government mixed in.
PRICELESS!! lol

I wish someone like Stephen Colbert would go. This needs to be covered by fake news.

I AM GOING!!!! no ifs ands or buts my friend. it will be better than chapelles show 2nd season imo. hell if chapelle hears about it, he might be there too!!!!!

I had just seen the special "by invitation only" EMERGENCY SHAREHOLDER MEETING notice.

Wouldn't you love to be a fly on the wall at that black-tie affair?

lobster!! the imperial wizard(rufus paul harris) is going to be in my backyard on dec. 17th. (wash. dc) i am only 50 miles away. I AM GOING!!!! will be driving by dc that day anyway i think. if you want to join me the plankton and seawater is on me!!! I CANT WAIT !!!!!

LOL!

This week I just broke my own rules and strayed into a Momo play that looked really good! I was bored and hungry, and should have gone for a cup of coffee instead. Instead, I nibbled on that junk without having looked up where it had been or who else was pushing it. If I had delved into the matter at all , I would have recognized it for the hazardous waste it was...

Naturally, within minutes of my having hit the "buy" button, an onslaught of company financing began to hit the bid, and the stock began to implode. Within half an hour, I was down 25%. I closed my position as fast as I could, and limped away. That 'lifechanger' went on to close 55% down from where I bought it.

I had to watch, and sure enough, the next morning the CLYP, VFIN continued their heartless assault on that POS, knocking another 40% off the PPS. In short, that stock took a 100% loss in a day and a half. Yikes! Buyer beware indeed.

Good thing it was only what I call a "lotto pick" $ amount, but it still smarts to lose money, and so quickly. It is always a humbling and sobering experience.

I might as well have just taken $400, walked over to the incinerator, and dropped it in. Would have saved me the Ameritrade fees.

And that's what you get folks, for straying from your own trading rules. Maybe one of these days I'll break the evil habit.

you might as well add #10 to that list:


10) Has the CEO ever changed his name so that he can't be tied to previous scams?

If you adhere strictly to those 10, you will never, EVER play a pinky POS stock IMHO.

Finally, once you pick a strategy or system that works for you, never stray from that & get caught up in a MOMO play...that's when one runs into trouble. Grass ain't always greener. Stick to what works for you...kinda like having a system for playing blackjack...it may be boring but if you have a system, you should be able to limit your losses while maximizing wins.

Now if I could only practice what I preach....sigh...

Churak, I agree with all you have said. I had just posted the same comment about 'patience' to Lifegear (another shell stock afficionado) on my other board.

It's true that if you decide to follow the shell stock approach to the penny market, you must forgo most of the excitement of momentum. But given the terrible losses that can occur very quickly with some of the toxic waste passed off as momentum plays, patience is looking better all the time. But I agree, that people need to evaluate themselves and their investing personality. For that reason, from now on I will refer to a shell strategy as "taking a position" in a stock rather than "playing" a stock, as there is very little play involved.

Personally, I know that part of me is a simple minded mammal which likes to chase shiny, moving objects. So I reserve a small amount of play money for momentum plays. But these days I am skewing more and more of my portfolio into shell stock positions. We'll see how it turns out.

I agree that there are some very knowledgeable and generous people on this board. As is often the case in many fields, sometimes the most successful are also the most patient and willing to share their insights. It is one of these who taught me about 'scalping'. Another taught me about reading the filings, and the merger news which results in plays like PLTT and LFZA.

Agree about alot of chart analysis not always being applicable to POS pennies, although chart basics like resistance, support and trend lines, as well as RSI can be useful. In addition, I find indicators like accumulation/distribution and CMF to be reliable confirmations of company dilution visible on the level 2s. But I wish I had $100 for everytime I bought a stock because a "golden cross" was imminent, only to have that stock immediately tank the next day..lol!

I agree that each must perform their own due dilligence, but for many starting out, due dilligence seems to consist of visiting the company website, and analyzing the company PRs. On the other hand, classic Big Board analysis, like calculating PE ratios and industry metrics, barely applies to most penny stocks, either.

I was thinking about it last night, I decided cynically that basic due dilligence for most pink sheets and pennies might consist of the following:

1) Does the company have a working phone number?
2) Does the company have a verifiable address one could visit?
3) Is the company listed in any state documents and businness records, or just a figment of the CEO's furtive imagination?
4) What is the outstanding share count, and assigned share count? (If the stock in question is a Nevada based pink, the AS is almost more important, as that could become the OS overnight..lol)
5) Is the transfer agent gagged?
6) Does the company have toxic convertibles and other evidence of terminal debt?
7) Does the company have a history of dilution and reverse splits?
8) Does the CEO have a prison record and a rap sheet?
9) Are there any signs the stock could be imminently halted by the SEC?

Haha, I call that. Don't beat me to it.

"Fully smashed Stock Pickers"
Symbol: "PLASTERED" OR "FACED"

mjm2005...the results probably wouldn't suffer much...burp. I like that idea of a fully smashed pinky stock picking board ;).

-k

PDC, I am begining to thnk you have the best strategy, focusing on shell stocks. Shells = no company, no dilution, no CEO lies, no company BS. Looking better all the time to me.

Shells require lots & lots & lots & lots & lots of patience. You have to be able to throw a few $$$ at many and then wait...wait...wait (or if you're PDC, go on your honeymoon...hehehe). If you want/need action, then shells aren't for you. If you can play the waiting game...then go for it.

There are many strategies to consider and despite all the pumping & frontloading, there are some VERY knowledgeable & honest people here. There are those that scalp and are happy with small wins & flip the same stock 10x or more in a day...they don't wait for the Big Enchilada to turn $100 into $100,000 by thinking they found the next Microsoft. There are some that are 100% cash at the end of a day. They sleep very well at night knowing that there will always be another bus. There are those that play the BOUNCE and again, are happy with small wins...many times a day on the same stock. There are those that read the real time news & filings as they come out and try and get in early on a potential big play due to a merger or other great news. Then there are the "chartists" altho I still can't figure out how charts apply to penny POS stocks but hey...if it works for some, then who am I to argue. The list goes on.

You just need to decide what strategy is best for you and then, do your own DD. If you got to rely on others for your DD, you have no chance IMHO and end up being a sheeple.

LOL, you don't drink? Sometimes it seems alcoholism and daytrading go hand in hand...lolll

Best of luck to you, Kojira. The only way to learn about Mr. Market is through the painful School of Hard Knocks.

This is doubly true of the penny market, where most of the sensible rules and guidelines of the big boards definitely do not apply.

It is depressing to lose money. I know the gut punch that results from a major loss. But every loss is an education.

I hope all of us graduate soon, and need nothing more than the most superficial refresher course in the future..lol!

Thanks SL. I hope you drop by once in a while. That is two superb posts back to back. You're right it is every person for themselves. You do realize that your posts are helping to educate the many misinformed individuals out there, who I count myself as one of. That is a good start in itself.

-k

Kojira, good luck with this board.

I popped in because I like the name. I often refer to "Mr. Market" in my posts. He can be a real SOB, but I've learned never to argue with him. It doesn't work.

That's why I follow the level 2s with such obsession. They, like the charts, are the footprints of money, and we ignore them at our financial peril.

Let me add one more point which is fundamental:

Stock boards should be a place to share due dilligence. But too often they become a support group. We look forward to seeing our friends there, people who are excited about our favorite stock. Others, who disagree with our choice in stocks are seen as the enemy. This is common, and no doubt human nature, but it is also something to be wary of.

One thing that often happens is that because of this bonding, investors don't sell when it would be in their best financial interest. Instead, they begin to feel it would be almost a betrayal to their follow group members, or to the CEO, who they've come to identify with as a friend. It is at this point that outsiders sometimes refer to the group as a cult.

But the sad truth is we're all alone in this game. When the dust settles, and our bank accounts are decimated, no one else will come to our salvation.

Selling your shares for a profit is not a betrayal. Selling for a profit is THE fundamental purpose of investing. Anyone who condemns you for taking a profit is not a friend. No one has signed an agreement not to sell their shares. A stock discussion forum should not become a joint suicide pact.

I cannot tell you how much I disagree with people who try to shame others into not selling their shares, calling them flippers, weak hands and other emotionally charged names.

Personally, I fault no one for selling when they feel uncomfortable, or when they see a profit. Each must do what they feel is best for themselves and the people who depend on them.

Bottom line is we are all here to make a profit and to protect our capital. Any attempts to distract us from these main objectives, should be viewed with deep suspicion, imho.

Spin...welcome to the board of extreme pain. If that picture doesn't turn people away from pinks and drinking heavily in the AM nothing will. WOWSA.

-k