A.I.M. Users Bulletin Board

[SFSecurity]

Hi Ray, I don't know for sure but the whole blockchain/cryptocurrency thing reminds me of the pump and dump that I got caught in over twenty years ago. As a result of that I abandoned anything to do with the market until just a few years ago.

I used to subscribe to a newsletter from a guy in Florida who talked a lot about investing. It was fun to read, especially since he wasn't trying to sell anything. He even said he was a lot like his wife who, when asked for a recipe for something she made that was really liked, she would leave out a small, key ingredient so that her version would always be the best.

A discussion was started by one of the other readers about investing in new companies and how profitable that was. This went on for several months in a generic sort of way and then one month the reader asked the editor what he thought about a particular new company. Don't recall the name. Anyway in subsequent issues there was a posting of the stock value. I did a bit of research but it was before the internet was around so couldn't find much.

Anyway I decided I'd gamble $200 and see what would happen, thinking very foolishly, that it was bound to go up. It did for a couple of months and then it crashed, big time. It would have cost me more in commissions to sell it than I would get back so I just abandoned it. When I was as the Charles Schwab office trying to figure out what to do, the rep I was talking to told me about "pump and dump schemes" and that it was likely I had be caught by one.

I haven't looked all that closely at them because of my understanding of the nature of most of the companies involved so what I'm saying is not necessarily accurate. However, looking at the ETF, HBLK.to, you referred to, it when up for a bit and then has been steadily down, and it only started in February this year. Will it go back up? Who knows, I sure don't but if potential extreme volatility is your desire, then it might be a good choice.