alooooot on tension being struck up on this board for whatever reasons, I rememeber when i first started investing i bought into MNKD and i was on stocktwits, someone had sent me a private message on there telling me to buy more the stock was gonna sky rocket, i tell him "why are you telling this too me?" his response was something like "i want to see everyone do good" you know the basic scam artist tactic. of course i fell for it, sold my bb-8 remote controlled droid for $100 and bought more shares. A week or so later company got hit with a R/S, lost money, guy vanished.
Lesson learned, trust no one on stock messaging boards! not even admins or your grandmother! dont trust top traders either! I had gotten some inside trusted intel that they are cons too.
But heres one thing I learned from the market so far, wolves dress like sheep. and the sheep dress like wolves. If someone tells you to buy, dont buy, if someone tells you to sell, buy more. This is a game where everyone plays for themselves. Jordan Belfort (or leonardo dicaprio) even said it "Theirs no friends on wallstreet"
Now heres what I don't get, these shares have little too no volume but it brings together alot of heads discussing the play. Eh i sure wish the blockbuster stock was like this, but why isnt it? its because BLIAQ (blockbuster ticker) is something everyone knows is doomed, but this is something that brings the attention to others as "possible potential" or a matrix penny stock.
In todays age, no one will debate this hard over a penny stock trading for pennys on a dollar unless
A) People did their DD and firmly believe the play
& or
B) People know information that others do not and feel they have a gain on the play so only they can come out as winners and get a bang for there buck considering the stock is now trading for even cheaper than it was when i bought in a year ago
But heres what i can say, I buy and resale, video games/arcades for profit, and when i want a product and i know its good, Ill bash the hell of it to the person selling to the point where im giving them less than half of what they wanted and selling it back for 20% more of what i got it for. Its a tactic ive been doing for years and never fails. all you gotta say is "the cabinet is chipping paint, the button is old and sticky, these just really arent in demand if youre not selling to a collector, im just buying this for my man cave" i leave the paint how it is, buy a whole pack of buttons for $4 dollars and the man cave is the garage it will be sitting in so i can take pictures of it and throw it on ebay. Just some food for thought. Gotta play to win right?
