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Re: poohpooh post# 2406

Tuesday, 12/20/2016 9:02:00 PM

Tuesday, December 20, 2016 9:02:00 PM

Post# of 7526
The white paper is generalizing and does not address the attacks that the administration has done over the last 8 years to cater to the Financial Advisory communities to destroy penny stocks! Every year there are 5 to 10 stocks that will make you rich out of the 8,000 stocks. The SEC needs to stop raising the fees for the $10k per year punishment factor that has made half of the once 3000 fully OTCQB companies no longer able to pay to be OTCQB. There use to be a benefit of 3 times the money flow for being on OTCQB but since the administration destroyed the benefit its easier to now state most money flow is not OTCQB stocks. That skewed it to less than 1500 now versus the 3000 and now they can write skewed reports like this one.

People already know the rules of engagement after decades of experience. Problem is you still get fools who use market orders and not strictly limit orders to buy or sell and stop losses. Nobody uses stop losses when stocks can swing 50% in a day or more. Candy taken from a baby for a MM who needs shares a stop loss. Only rookies use stop losses here. This aint the big boards. Avoid conversion stocks, Resverse split stocks, and pump and dumps by paid promoters. Many traps but after years of playing you learn a set of rules that help makes a difference.

Large O/S stocks avoid as well. I am talking billions yet most people love tick trading for 50% to 100% gains.