CMG Holdings Group Inc (CMGO)

[Squirrely_McShitty]

I did see that...not as it happened, but historically.

MODS - I am discussing $CMGO in particular further down...this is a relevant post.

Yep, I am familiar with the rapid fluctuations OTC stocks can experience. I am not here because I am looking to make my solid 2-3% returns each quarter.

Notice I used the term "fluctuations". I did that on purpose. Just as a stock can run up 1000's of a percent in a week, another stock can lose 1000's of percentage points in a week. I can't name the stocks because of Tos rules, but I still own one, hoping to get the 98% of my investment I lost back. I have ridden a few up as well.

In my brief time, I have found a few things true:

1) Many, many more OTC stocks are losers as opposed to winners,

2) The instances of 1000% gains in a week (or two) are uncommon. "Uncommon" was the most positive word I could think to use,

3) Even if a stock increases by that much, you need to buy it before it happens and sell it before it reverses (it often seems to). That's two weeks out of what...years? A decade?

4) Many to most OTC stocks, I have found in my experience, are either financial shell games or companies run by inept or dishonest frat boys who have zero social or stockholder concern and are just looking to make a quick buck for themselves and those in their socioeconomic subset,

5) If the game was easy, everyone playing would be rich. Maybe you all are rich from playing penny stocks, and I am just to dumb to realize it.

6) Lastly, every poster, on almost every single board, screams that either "THIS .0006 A SHARE STOCK IS GOING TO .25, MAYBE .50, NEXT WEEK!!! BUY NOW!!!" or more reasonably state "I can see the price of this stock quadrupling in a day or two". Almost exclusively, they are all wrong, have an agenda, whatever. That is a hard lesson for a new trader, maybe an unsophisticated trader, and I recall it happening to me, so it still upsets me every time I see someone talk out of their a** like that.

ABOUT $CMGO

You make a number of uncertain, unknowable, or overly-optimistic statements regarding $CMGO

1) You assume it is a good stock. Maybe so. Maybe not. It has both positive and negative aspects. However, I doubt it is the second coming of Jesus or shmp or whatever. The odds are not in its favor.

2) Just because a stock or a company is "good" does not necessarily mean it "will run", logically speaking. Some good companies run...as do some bad ones. Some absolutely horrible, worthless companies make gobs of money, some don't. Unless you are defining "good" as "any stock that makes large profits". That works logically...but can only be stated as true after the stock makes the money.

3) This is the argument you present to me:

1) $CMGO is a good stock.
2) Good stocks move faster than Squirrely is stating.
3) Here are examples of stocks that increased by 15,600% & 4,600%
4) Since $CMGO is a good stock, and these other stocks are good stocks, $CMGO should rise similarly to those other stocks.

Hey, I really, really, REALLY want you to be correct about the pricing and rapidity of the increase. Honestly, I do. But in the end, odds are you are being overly-optimistic.

If $CMGO is at .03 by the end of the summer, I will call my purchase successful, lucky, and with just a smidge of skill. I don't have 60-80 hours a week to devote to DD, and all the data on $CMGO is not being offered, so many of these calls, for me, rely on some DD, some experience, and a lot more gut feeling than is probably advisable.

Good luck to you, my friend.