SMC Entertainment Inc (SMCE)

[Myk Myk]

LMAO. The pot calls the kettle black! I think you're looking at the wrong side of this coin.

Normal ticker? That's the best advice you could give yourself! These things are pure gamble.

I made money on this way back, when it was being pumped on a penny newsletter. I got in and out in one day, and did very well. Then I tried again when the newsletter said this same crap about don't let the shorts cut you out of a huge move, blah, blah, blah. I bought back in, in a bigger way. Then of course, the price started to drop. I almost pulled out before all my profit from the first trade was gone, but I kept getting those emails, and failed to pull the trigger. What did I do? I tried to average down... several times! Then what do they do? Reverse split, and suddenly my CB is over $15!!!

With some equal "success" in a couple more of these, I swore them off. But I just let them sit there, as they were just about worthless anyway, and who knows what miracle could happen? I kept them in my favorites here, to check on activity from time to time.

When all this buzz started up, I thought maybe I could lower my cost enough to get out with at least a diminished loss. I bought enough shares to lower my CB to 3.50. Still a long shot, but...

So you can see why I got so angry at "theother4ofyou" for all the BS, as well as at myself for not looking deeper!

Maybe, just maybe you might strike it rich from one of these things, but the odds are stacked against you. My experience this time around has finally driven that home for me. Even the "get in and out on the pump" is difficult, because you have to time it perfectly.

Here's another thing I've realized about this stock. Even if all the news about their team, and their huge new target audience is real, if there's anything to it, the big guys are just going to come in and squash them like a bug. I guess best case scenario is they get enough of a headway to be bought out. It's just a HUGE IF! My advice: if you must, dabble with what it won't hurt you to lose.

Me, I'm also going "to a normal ticker"!

Good Luck!