OT: Dear "Thin-Air." Part II (Board also welcomed to read it)
I didn’t initially intended to right something like this, but I believe for educational purposes it may help you (and probably some others) in the future not to jump your guns at someone you never met, don’t know, and never did any harm to you, or (I hope) to this board.
Better late than never, they say. Apology accepted. However, b4 jumping at any poster, in the future, you better do your homework first. If it makes you feel good about picking on others, you have many better choices within these penny boards. Find for instance your subjects from among those that “pump when they want out, and bash when they want in.” Read my iHub posts, and especially the comments that others are making vs my contributions. I don’t think I’m your best client.
You tell me I’m a “desperado?” Should I be? Probably I should if I would be in one of those many over inflated “sexy” stocks, and especially if my entry point would be toward the end of a run up. Not the case here, at least that much you seem to agree.
In the penny land, my strategy for quite sometime is to find what I perceive to be good value stocks that for a reason or another are at or near the bottoms. I hope you’ll agree this is one of them. I find them myself, and do my own DD on anything I pick, based on my self imposed quite strict criteria, weather the picks are large caps (e.g., ICO, my last pick @ 8.37 average as a medium to long term: 2 to 3 years) or pennies. I rarely pick any pinkie, and I mostly get into OTC:BB stocks that have: (i) a proven revenue; (ii) positive book value; (iii) aggressive Y over Y, and Q over Q growth; (iv) already EPS positive (or close to it); (v) with a Price/Sales < 1 (the lower, the better); (vi) low OS, of which (vii) insiders are holding – and not dumping – a large number of shares: low float; (viii) preferable no previous R/S history; (vii) yet sitting at or near the bottom, etc. Since I’m using this strategy, I’m doing very good. So thanks again for your concern, but FYI I have no motif to be a “desperado.”
My start up point before I even consider a penny stock, most of the time is the P/S ratio. I usually go for a P/S < 1, but for “sexy” stocks (e.g., GTEC), I’m willing to go for a higher P/S ratio. Look at my recent picks, or additions to existing shares: i.e., GDVI, VFIN, PMED, IGAI, SEVI, and now CKEI, read my posts to see my entry points, and hopefully you’ll understand I’m not at all a “desperado.” Prior to this, some good picks: MOBL (in around 0.02, out less than two years later @ upper 0.3’s); and most recently: CNCN (in around 0.03, and out in the low 0.3’s), and GTEC (in @ slightly over 0.05, and out close to 0.4). All of them I picked (or added) at or near the bottom, and the overall results (see my two bad recent picks: SSTY, and DKGR) are indeed very good.
PS: As for my typos, please feel free to correct them. In fact, I always encouraged my students to correct my English. English was for me the sixth (and last) language life made me learn, and I wish I was as lucky as most of you and only had to learn it as the first and only one. It’s not only English these days that I’m not doing the best with, but I’m afraid I’ll hardly pass a literature high school proficiency test in my mother tongue, not to talk about the other 4. So, while you should be thankful that English (the universal language) it’s your mother tongue, and you might consider in the future not to pick on anyone else’s just because some (e.g., at times some oversee people also write within these boards) make typos, and have a bad grammar, and not the best general phrase construction.
Mike
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