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Re: janice shell post# 1043

Tuesday, 02/20/2018 9:19:35 AM

Tuesday, February 20, 2018 9:19:35 AM

Post# of 1365
Janice, I enjoyed both videos, especially your overview of the sprawling 300k-post CMKX saga which I never got into during its prime.

You were miles off the mark in advising investors to short a stock to learn about the process. While my investing experience spans many decades and my portfolio is large (especially by IHUB standards), there are many aspects of investing I've never tried because I know the odds are poor. I've never bought a penny stock. And shorting is so risky (and tax inefficient) that it should be left to pros. And even pros short stocks a lot less nowadays.

The first major stock calamity I witnessed occurred long ago when a 20-year old college friend shorted a NYSE computer stock... just before it announced its first-ever profit, and doubled.

I deal with penny stocks that same simple way: No one should ever buy one.

Also, Maude and especially Golden Girls offer some of the best lines on TV. I like Bea Arthur.


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