Global Diamond Exchange, Inc. (GBDX)

[Brad S]

Even though I've held shares of this stock for a little while, I haven't posted on this board, not much of a talker I guess. However, I have noticed that whatever stock I own the banter is always the same on the boards when the pps isn't running like people think it should. I think a lot of this can be attributed to the paragraph below that I posted on another board:

I think what we're seeing right now is the result of what happens when people buy a stock without first having a strategy, whether it be a trading or investing strategy. If you're in it for a trade, then set exit points and stick with them. If you're investing, then set a time line that you will hold the stock. I also think we're seeing some traders who are now trying to convince themselves that they have become investors, but lack the patients to do so. You need to have a game plan before buying, not make it up as you go along. I normally take an investment strategy with the intent to hold for at least a year and then reevaluate my position after that. I don't know to many stocks that don't have some sort of roller-coaster action to them, especially pennies. Time itself usually smoothes out the highs and lows, unless the stock turns out to be a straight up scam. You're always going to have missed time lines, things the company says they're going to do that don't pan out, things that happen to the company beyond their control, as well as unexpected positive surprises. Hence, the roller-coaster action. I also believe some people invested way more money than they should have and exceeded their comfort level, which speaks for itself. Greed causes us to make irrational decisions more often than not.