I am actually a member of CLaytrader's group, and I'm sick and tired of this IHUB myth about how he shorts penny stocks. That's absolutely ridiculous. He doesn't even mess with pennies all that much, in fact he recommends that we don't even bother playing pennies. Most people in his group are playing options, which allows you to trade blue chip/big board stocks like Apple and Amazon, etc., without the large amounts of cash you would need otherwise. You can trade long or short without the 25k you normally need when shorting large cap stocks. In other words, very few people in his group are even bothering with pennies, since there is more consistent gains with larger stocks, and options allow us to play them. Don't get me wrong, Clay shorts stock, but only the big stocks, he doesn't short pennies...too risky and costly...there's no point when you can short Apple or Microsoft. I have made more money shorting those stocks through options trading than I would ever be able to do through penny stocks. Some of us still play pennies because of that potential lotto play...a 5 or 10 bagger that you simply can't get with the bigger stocks even through options trading. But NONE of us are shorting pennies...sorry but that is a myth, and unfortunately it is a self fulfilling myth. People start to believe the lie, and before you know it, everyone thinks that must be the case...they see his name, think oh oh short time, and they dump. This drops the PPS, everyone blames Clay, and it becomes a vicious cycle. I wish he would defend himself more, but at the end of the day it would be pointless. It would be a full time job, plus there are some out there in the IHUB universe who used to be members but kicked out for pumping, which is strictly not allowed. They become bitter and start whining and spreading the lie. So you know what...I'm sick of it, and as a long for VOIS, I'm not going to allow it to infect this board. He is putting his charts on here and other boards for two simple reasons: 1) advertising. he wants to promote his Inner Circle trading membership. He has taken his IHUB following and turned it into a business. He wants to bring in new members both to increase business profits for himself, and with his knowledge, improve the trading savvy of his membership using technical analysis, not emotional trading. In other words, he's using his popularity to become a successful businessman while helping his members succeed in the process. 2) The reason he shows the charts is to get you to realize that technical analysis can decrease your losses and increase your gains. Not always as valuable with stocks in the pennyland since they are so emotional, but very useful with the big board stocks that tend to follow technical rules more consistently. So to all who believe this lie about Clay...sorry, but you're a sucker, dumping shares due to a lie, and as a result, are ironically the actual reason for the drop in PPS. Not because Clay dropped a chart then came in with his so called Short Army.
Also, I am not typing this because Clay asked me too. In fact he has no idea I am typing this, and probably would get annoyed. But it has to be said, because this is getting ridiculous. Sorry, but all of us in his Inner Circle may have a stock or two in pennyland that we are hoping will be a lotto play(ie VOIS for me), but most of our time is spent in option land. If you don't understand why that is, then you probably shouldn't be trading.
Peace out...go VOIS!
