I've been open about my losses here. I've probably had 80-100 stocks (mostly penny stocks) go to zero / nada / cusip / disappear altogether --- over the years. I'm no stranger to losses. You gotta pay to play. Fortunately, my winners covered a multitude of sins.

I learned a lot from Buffet by ordering the BH annual reports back in the 80's. IIRC he said that if he were starting out again today (that was back in the day - 80's) he would be looking at small caps. I've also held stocks - to a fault - until they went to zero (partly due to Buffets influence). I've done better trading as I have than if I had bought 2 shares of BRK.A back in the 80's at $4k per share and held.

So now your calling the OTC crap...

As a follow up to informing us in this prior post that the vast majority of stocks aren't good investments - regardless of where they are listed - and of course you could "show us a convincing but complex academic study to that effect but no one here would read it."

Clearly - unless folks are buying the stocks YOU are buying (and never losing $$$) they really dont know what they're doing. Chances are they may make the wrong decision(s) and jump out of window to unalive themselves.

Kudos to you for being the KING of HILL here. We all applaud you.

I dont tell people how to invest either. To be clear, what I say here in dialogue with bar is stated in defense to someone with a closed mind who has dissed me and the fact that I trade penny stocks - for years. The idea that there are no good pennystocks out there sounds so ludicrous to me

This from the microcapclub newsletter"

example: Autozone = AZO
Folks have said I should write a book, but be honest, I don't know that I could effectively communicate what I've learned.

They say poker is both a game of skill and game of chance - but my observation has been that year after year I've seen several of the same players at the final table - which leads me to believe that certain people possess certain skills that put them at the final table -- proving that, at least for some, it's more skill than chance.


well to put things in perspective, as a now deceased friend with two kids once said to me: " even when you make $300k a year, when you have two kids and you're helping them with college (both of his graduated from Harvard) $300k just doesn't go that far. Bottom line: kids cost a lot of money to raise. I dont mind bragging about returns when necessary, but not a fan of flaunting wealth - which can be here today and gone tomorrow.

My best friend is retired with nothing to do
A fellow I have coffee with on occasions is retired with $12k per month pension (former civil engineer for city) and complains he has nothing to do and doesnt know what to do with his life. Sometimes he just sits at the coffee shop for 3 hours. Me: I have stocks to trade and plan to do so for as long as I have my wits.

Happy Turkey Day!

Have a great Thanksgiving Janice!

Always a pleasure to see you pop up here, my interwebs friend 👋

Having a real estate broker title helped if I ever wanted to finance anything as listing myself a "stock trader" on an application worked, but was a more of a chore pushing through. Plus, when I was audited many years ago the IRS guy told me never to give up my self-employed business status as it would help me immensly with write-offs and such (sage advice there)

For years, my biggest fear was --> I would lose it all and would have to hang my head in shame... like I said, I'm a lucky man.

The real problem buddy ---> is you think too highly of yourself.
Do you disparage the fact that my primary income for decades has been derived from trading stocks?[

I'm a real estate broker & have a general contractor license (currently inactive)
(i did have 4 uncollected receivables over the years as a general contractor - but all tolled under $1200 in losses)

6 kids - 14 grandkids & one on the way - and my youngest son just got married 3 weeks ago (so I expect more there) and one great grandchild. All my children doing well. My youngest tells me I hit the lottery when it comes to reproduction ---> to have 6 kids with no major health or other issues. I don't want to sound braggadocios ---> but I'm a very happy man. I've been blessed (and lucky). Oh, and same wife for going on 47 years.

yes - this guy reproduced

ALBY has performed exceptionally over the last 5 years whereas the "financial sector of the S&P" has done less so as evidenced by this chart of KRE

5 YEAR CHART KRE - SPDR Series Trust


5 YEAR ALBY CHART - alby has clearly outperformed

I somehow managed to miss that elevator ride....dang!

Elizabeth Holms tried the "fake it tll you make" gig.... didn't work well for her or her investors... there will always be stories of scammers hoodwinking investors.

Stocks for some, including me, are investments --- but stocks for me have been more since at one point in my life I was ~ $75k in debt with no $$$ other than ~ $8k in an IRA which I traded ---> and then stocks, pennystocks in particular, became my bread and butter and the means to extricate myself from debt, pay my bills, and raise my 6 kids with a stay-at-home wife.

Were some scammy - yes - but no scammier than Enron or Kmart or Bed Bath and Beyond
Many of them just small companies that did (or have done) exceptionally well.

One that I lost millions on (or rather left million on the table as I still have 130k worthless shares) went from .03 cents to ~ $20 per share and from 7 employees to ~ 270 employees and then went BK during the dotcom bust.

Well you never did answer my question as to what there is to not like about ALBY, but rather deflected to your sage wisdom about stocks being poor investments in general.

Meanwhile in the 5 years since I posted my $10-$11 shares of ALBY have doubled all the while paying rich dividends

Thanks! My wife and I are delighted. He really got a great gal.

Between you and the SEC the markets are a safer place :)
My update as we close out 2024

Our youngest son got married a couple of weeks ago - entire family in attendance --- 6 kids and 14 grandkids
One son announced another child on the way.
My wife and I recently became empty nesters. (which means Charmin toilet paper in all three bathrooms)

UBFO traded at ~ $7.00 when mentioned in July and about to break $10.00. Current yield down from > 6% to just <5%

Insider Jagroop S. Gill bought [code] P 140,384 A $7.96 on July 24

General Transaction Codes. P - Open market or private purchase of non-derivative or derivative security.

On July 30 insider filed a form SC 13 indicating insider owns 7.07% of stock

Fresno - THE FIFTH LARGEST CITY IN CALIFORNIA
California - THE FIFTH LARGEST ECONOMY ON THE PLANET

I luv my shiddy penny stocks!

your mathing isn't exactly making you look smart....

"So lucky I cash out yesterday" ---> TBD

Merger news out on MIFF yesterday...nice pop on price, but yield down < 6%

Hmmmm... didn't know about this one.

I doubt he will be doing ANYTHING with ACCR -- as far as I know he's just a shareholder.

so remember this post?

I started bashing a stock (about a month ago) being hyped here on iHub and X when it was .015-.02 and the damn stock went over .08 cents. It closed Friday at .06/.067. I'm still holding half the shares I bought and riding on the house. I've been kinda busy but I spoze when I have time I can go bash it some more -- AND BY BASHING I MEAN JUST TELLING THE TRUTH ABOUT WHAT SCAM THE STOCK AND THE AZZHATS THAT ARE PUMPING IT ARE -- and those idiots might just take it higher. Who knows? Maybe .25 cents or even higher??? What is the ceiling on STUPIDITY?

still does.
so
should we be bidding for some stock?
(or am i the only one on the bid?)

Here's a little factoid you may or may not be aware of...the largest producer of pork in the United States - Smithfield - was purchased by WH group in 2013 for $4.7 billion dollars. I think they're in the process of spinning it off but havent followed it that closely since I sold the stock some years back. Obviously, a BIG CAP (by market cap) but it trades as a penny stock (by price). Ticker = WHGRF. Last trade .735 cents.

Added to my position in Mifflinburg Bancorp, Inc. [MIFF] this morning. Great little bank trading at ~ 30% discount to book value and a dividend yield of 6.5% at current price.

UBFO still yielding nearly 6%

fwiw, I've followed this company since the 90's. When they went from the OTC to the Nasdaq (after a reverse split) the stock was trading in the $18 - $20 range and its been downhill ever since - with occasional pops.

Check out his bio

and here

Ha! interesting!

Their annual report looked decent

I'll ask one of my son's to take a look at it for me. He's a UCLA - computer science engineer. He tried like heck to get me to buy Bitcoin ~ 2011/12.
I suspect there is some serious $$$ backing this venture.

Maybe you can elaborate...cuz I've visited their websites and still cant figure out WTF they actually do.

obviously under the radar, otherwise there would be a bajillion posts per day here...luv it!

is the SEC investigating this one?

HAVE YOU SEEN THIS? Shareholder Alert: Ademi LLP investigates whether Cyclo Therapeutics, Inc. has obtained a Fair Price for its Public Shareholders

The preferred are simply DNFWM shares. They ensure that the CEO is in total control and doesn't have to give two shytes about whining shareholders. Pennystock shareholders gotta be some of the most low-life, annoying folks on the planet. If I were the CEO of a penny stock company, I would probably do the same thing. Several other companies do similar its just worded and structured differently.

Ex: they may have 1 share of preferred authorized with one outstanding, but that one outstanding share is a "super share" convertible into - say 70% or 100% of the current outstanding common shares. I watched a company with a super share - that guaranteed the CEO full control - eventually go from the OTC to the Nasdaq market --- but in the process the CEO gave up or cancelled the super share.

... and that's the thing --- if, when, the CEO decides he wants out --- he doesn't need shareholder approval - he can just do whatever.

chillax --- nobody wants these shares ---> until everyone wants them

Who wooda thot a ceo would get so fugging tired of dealing with a bunch of azz-wipe penny-pumpers that he'd just stop dealing with them altogether?

Been through many cycles... when it's slow -- look for some gems...
(and be sure to report back to me on what you find ;)

🤫 - Many dead stocks have been resurrected.

Nobody wants it ---->

.
.
....until everyone wants it.

I upvote this with all my thumbs... and fingers...and toes too!