Obocon Inc. (OBCN)

[Lazarus]

Let sellers sell and buyers buy. In my experience reverse mergers have been my biggest winners. My biggest one I entered at .03 and had a massive bear raid on it when it was over $9.00 which pushed it down to around ~ $3.00. Biggest jaw-dropping experience in my life - as my portfolio dropped ~ $600k. Stock recovered and went to nearly $19.00

As mentioned in a previous post there was a guy on twitter bragging that he bought a couple a thousand shares of CLSI one morning at the open and flipped for a $55.00 profit. Everybody has their own account, risk tolerance, etc.

however: Reverse mergers are THE ONLY plays that have allowed me to turn 4 figures into 6 figures.If you've never read about Jessie Livermore, I suggest you do. He made $100 million during the depression.

Here are nine surprising things Jesse Livermore said regarding excessive trading:

1. “Money is made by sitting, not trading.”

2. “It takes time to make money.”

3. “It was never my thinking that made the big money for me, it always was sitting.”

4. “Nobody can catch all the fluctuations.”

5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

6. “Buy right, sit tight.”

7. “Men who can both be right and sit tight are uncommon.”

8. “Don’t give me timing, give me time.”

and finally, the most important thing:

9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”