Fact is, I only post picks now that have a reason for movement. I have a ton that I
have on my screen that are severely undervalued but I don't post them. Yes they
may move a little with some buying but there is nothing substantial to push them much
higher so we ALL can make money. Picks like BMII I posted at .115 it hit .23 now
that gave all here a chance to make $$$. Now it is CMKI, and the one after that is
to be bigger yet. Sometimes I may be early and we have to wait a week or two, but
that is far better than to be caught chasing it.
The sad fact is most, I repeat most not always the case but these OTCBB stocks
only really move when someone is paid to move them, like BMII. There are
exceptions of course, but it is like throwing darts you hit the odd one where it moves
for no explained reason. Sure I have true long speculative plays that I hold like
CPVD for what I hope will be a 10 to 20 bagger SOMEDAY. Also I like to buy the
low floaters near there low, because you know that someday some pumper will
come along and push them or they finally have some news, on those the key is to
have patience and buy as cheap as possible. I'm not afraid to post my mistakes
KWNK I think we all were duped on that one, nice to see that people here showed
patience and averaged down and we are nearing the break even point. The chart is a
honey, but what is going on now with it I have no idea. It's like MYCO too, that one
will rock again IMO because the people who first pushed it still hold a lot of stock in
it. They will make sure it gets back to that .50 cent range someday.
Now on another thought:
I was thinking today about shorters, what if they short say a stock all the way up on
a run. Then they had enough of the momentum, and they buy 25k say of the stock
turn around and put in a market order sell of that 25k to kill it. The momentum stops and the stock
starts to fall, they lost on the buy of 25k but will make out very nicely on the short of
say 100 to 150K. What do you think of that?
Talk soon,
Shawn
With trading you must conquer your emotions and be very disciplined about your goals.