Fog...To be honest with you I do dream of what you said..."What's your reason... Did you also dream of a 3 some with gorgeous babes on a ski lift too?"
But I am 55 years old and it hurts when I fall on the slopes much more than in my younger days. I gave up skiing in order to keep my physical job as a power company lineman.
More honesty here Fog as I am the King of honesty....I'm a newbie investor in penny stocks (3 months worth). Every year during the last 8 years of my life I've decided to take 2K and do something I've never tried. This year was penny stocks.
I've always learned from the school of hard knocks as I was way too smart to go to school and do it the right way. My Bad!!
Since I've learned to do my homework a little bit, but still a longshot investor....I have read several BB sites and invested my 2k in 10 different penny stocks. I'm barely even so far at 2.2 K as of today. Still trying to KNOW WHEN TO HOLD AND WHEN TO FOLD.
I am not trying to run SMMW down as I have more than 25% of my funds invested in them and still bought more today. Not quit sure why....just a gut feeling I guess?
My gut feeling has done me more good than most charts, pumps, etc. Just can't see why a stock can go up and down between .0001 and .0002 for several years without the rich getting richer and the poor getting poorer. It's really hard for me to think I'm doing the right thing (buying more).
Back to topic...If you can give me an easy answer....Lets say there are no shorts ...and only us longs hold stocks... and SMMW does very well in their company profits... how do the stockholders make money?
I've heard all the buy back, retiring shares, the bashing, the hipe, etc. Being a working stiff that has limited time to read all of the posts I really can't figure out why anyone would buy this stock except for one reason. Honesty....
That's where my July 3rd date came in on my last post. The SEC will be informed of the short traders in July and after signing up with buyins.net they have told me that they can identify all short traders after that date and companies can report them to the SEC.
How honestly that will work, I have no idea. I've heard pro and cons about it.
Sorry for the long post but don't have time to post very often.
HAPPY TRAILS :)
AI
