A VISIT BACK THROUGH 2006......
welllllllll the ole man got caught up in a little bit of bigshotitis from late 05 through appril/may 06......my portfolio absolutely went through the ceiling........i could do no wrong....then an amazing thing happened......within weeks, i could do no right.....so what did i do.....why hell, what every redblooded american trader should do......PUSH THE ISSUE....force the trades....and if it doesnt work, get on the phone and holler at someone, or send out blistering emails or im's....doesnt matter who: friends, neighbors, family, ceo's, promoters, ir guys, pumpers, dumpers, and even an occassional market maker.......quite honestly i have never hollered and cussed so much in my entire life......my wife had to remove all hard objects in my office and replace them with a few sleeves of styrofoam cups.......the walls are better for it now.....
i have been trading online for approx 10 years and have probably made every mistake known to man.......quite frankly i had kinda figured out the learing curve and had a pretty good handle on all the do's and dont's......and my portfolio was showing it, too.........in 05 i probably paid more in taxes than most people make, trading........i had arrived......and naturally i could do no wrong from that point going forward..........but for some strange reason, just about the time i wrote that check out to the irs........within a few weeks of the signature, all hell broke loose.......i somehow managed to find myself caught up in every known pump/dump bullshit pos known to man......my trading skills went right out the gd window......and the walls began to suffer somewhat, too.....while at the same time, my phone bill began to grow, exponentially........back years ago, one of my mentors taught me how to talk to some of these pump artists......hell, as a matter of fact, i had gotten pretty good at it, too.....i could decipher the bs from the facts and make a good decision based on what i called my bsfactor........bsfactor of 90 meant that most all that came out of the mouth into my ears was just that.......bullshit......a bsfactor of 50 was about as good as it got.......only half of what they said was the truth, damn near angelic in littlestock land.......somehow in 06, the 50's became 90's and even 100's in some cases........all lies, deceit, and bullshit....in some cases, the "rumors" never materialized.......hell as a matter of fact the "rumors of rumors" never even materialized......oh please gimme back my beloved 2005.......where did it go? what happened to the bs50's??......ok, here is another email/im/pump/tip/surething.....now who the hell are these guys and where in the hell is "his" group.......ala....."my group is buying"..........to coin a well known phrase by butch....."who are those guys".......well what the hell, lemme throw a couple of bucks at it.......it might go........oops......lemme make that second buy.......good, a better buys......stage those buys......ahhhhhhhhhh yes, a bottom in place.......third and final buy.....all in......take off time, imminent.......hold the phone.......sob is falling.........WTF is going on.......pick up phone, much screaming and hollering......."calm down mikey, lotta good stuff working" "trying to get to the bottom of mm:DIRT who, we know, is 'short'"...........well it looks like a gd dumpathon to me, bubba........."no way,we are being shorted"......who........."someone".......who is "someone"......"we dont know".......so lemme get this straight sport, you are the ceo and you have access to the entire shareholder base, the xfr agent, the dtc's and the infamous nobos and the best you can come up with is "SOMEONE"......(NOTE HERE: last year guys like this, may have been a bs50, and therein lies the problem for 06, for the ole man....)......ok, i will give it another week or so.....
so bottom line for 2006.........mistakes made:
1. didnt pull the trigger fast enough on the sell side: the market changed and i was looking for the homerun ball to recoup whatever losses i had up to that point.......my mistake
2. i believe wayyyyyyyyyy too much of the bullshit that was spewed upon us........when one tries to live an honest life, even with the wrinkles, warts, flaws, character defects, and baggage........you kinda look for the honesty and integrity in others.........sometimes....many times, in fact.......it is MIA....my mistake again
3. the overall market conditions for 2006 changed dramatically over 2005......way too many companies came over to the dark black side and was dumping paper......the various reports of "shorts" every where.......proved to be a carrot that was dangled way too often, and was used very effectively, too. and here is why you and i bought the "short" bs......deep deep down in our subsubconscious.....the thought might have reared its ugly head....."what if its true".......so we hung in there another week or so......the thinking being: they might have to cover sooner or later........and the dumpage continues......wasnt shorts........it was every man for himself DUMPAGE by 'SOMEONE'.........that nameless faceless character that no one seems to know or can find!.....my mistake, by not adapting fast enough, and "ACCEPTING" the fact that those bs50's had indeed become bs90's......ala........where the hell did the germans, go?........my mistake again
4.for the most part, charting went right out the damn window this year.....oh sure, there are few stocks that manipulation didnt play a part in, but overall.........charting was intraday, at best.....imo......i do realize that there are those that live and die by the charts, and will not agree with this........but i can guarandamntee you that charts will NOT show when the dump is gonna start.......or the pump for that matter..........the pop and drops were too damn abused in 2006.......yep, they have always been around, but in 2006.........the ABUSE of them was horrendous!.......this business of otcbb/pinksheet trading can be deadly or it can be amazingly rewarding if you are on the right side of the trade.....most of us know what we are getting into by playing the "little" market..........
5. there are a couple of guys in our trading room that did very well this year,,,,,,,,but they were scalping here and there on the littles and playing nazcrackers.........my biggest mistake this year was probably TUNNEL VISION.......i only started trading the littles in 2003......prior to that, i ONLY played the bigs........i would see the messages scroll by on the nazcrackers......and not pay any attention......why?.....cause i was probably on the gd phone hollering at someone, or answering some im about dirt.ob which is set to fly next tues.......or fixing a hole in the wall.........why i did not play these plays is beyond me.......HUGE HUGE MISTAKE
took a couple of weeks off to reappraise my year.........pulled up an old statement.........was in 22 stocks, one month.......16 of which were priced at below .10..........8 of those were below .05 and two of which were .000 stocks...........oh the gd humanity......what the hell was i thinking?, my portfolio is such that i dont need to play these pos's..........so i dumped everything........and i do mean everything and reloaded an fired again this week.........i am not much on numbers, and believe me i could care less when some goober sends me an im stating "i own 40million shares of DIRT"..........my typical reply is "gimme a heads up when you are gonna start dumping"......i digressed again........this week was banner for me......i was able to recoup a substantial amount by getting back to basics......and doing those thing that i KNOW will work........
i look forward to 2007, very much and in fact, i am just damn excited about it...........and i hope this note helps a few people.........to hell with the ego thing..........glta.......mikey
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