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Re: DanWebzster post# 4779

Tuesday, 05/01/2018 9:27:12 PM

Tuesday, May 01, 2018 9:27:12 PM

Post# of 17576
Hi Dan...you first mentioned pinks...as I have mentioned here before....it is a matter of networking over the years...when I get a heads up from someone I have high confidence in with pink winners, I hop into that pinksheet stock, period, simple as that when they say jump, I jump. 98% of pinks are nothing but a cesspool, whether it be P&Dumps, scummy CEO's diluting zillion times over, crooked MMakers shorting pinks out of business, pumpers and bashers, endless list why not to waste your time on pinks, unless I get word from someone I believe in...BYOC for example was .0001, hit .16, now .085 area...She has turned into a real company, has acquired one company and soon to acquire additional companies, potential uplist to higher exchanges. Still risky, it is pink of course, but it is a great story so far and could be even more incredible going forward if she reaches the Nasdaq??? Remains to be seen, but time will tell, at least it is real and producing company. Doesn't mean you shouldn't be responsible and get to free shares on any pink, including BYOC, jmo....

As for big boards, the ole saying applies: "Keep It Simple Stupid", LOL, true....I jumped the gun last night with my initial metal entries, by not using the "Higher High - Higher Low Plan". It is real simple as explained earlier, wait for a break of previous days high to get a buy signal and use a break of that days low as your stop...after day one, you continue to use a break of the previous days low as your stop. All decisions are made for you, no studying this that or the other thing...can catch big runners over 3, 5, 7, 9 or 12 days straight of higher highs and higher lows, make superb returns. The main risk is getting a false buy signal and getting stopped out on day 1 entry. So try to find plays that have the break of previous days high, not all that far away from that days low, so it doesn't cost much to stop out, jmo....The other risk is your stock getting bad news and a big gap down overnight, but everyone runs that risk with their big board holdings. This same plan works in the opposite direction also: "Lower Lows - Lower Highs Plan"... Try this on paper, just for fun and practice, it does work, jmo...works for me, I'll leave it at that and makes trading simple, ya just need the discipline to stick with it and not stray from it. Of which I do and generally get spanked for it more times than not....Higher High and Higher Low plan only for big boards with decent volume, not for razor thin stocks and not for pinks....

As for metals, we are on a dangerous support area right now, they better hold support or anyone in metals will feel pain. Great buying area, but ya better have a stop just in case...Fed to speak also shortly will affect Dollar and Metals....whole mrkt is rigged...so BEWARE!!! Central Bankers and FED run every aspect of the markets, period...

Lastly, I posted the guys I like to read up on big boards and even pinks, it is in the sticky area of this board....I do my own DD and homework and I then like to read the guys I think do a great job daily/weekly/monthly and compare with my notes and then make final decisions. Cause those guys are way better than me and many times I lack confidence in myself, even though I do pretty well on my own and green each year, I like reading the guys I respect for their thoughts. Just wish they all had same opinions more often and matched my thoughts, lol, like it better when everyone is thinking the same way....sorry, to damn wordy....like usual....hope some of that helps....

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