In my opinion, you stating that placing an order below the bid is "low risk, no reward", seems to infer it is a waste of time. For sure, you don't advocate the practice.
Even your statement now, " you can still catch a fish even when you use the wrong bait", would seem to indicate a foolish pursuit, one not doing something the right way. So the only logical conclusion one would draw is that is a waste of time, not a worthwhile venture etc.
Despite your clear statements, you now back away from them, rather than support them. These are your words, not mine. I did not twist what you said.
You made a statement critical of a strategy, I have employed. Nothing wrong with that. I welcome input, suggestions, alternative ideas etc. Maybe I can improve or change the strategy to make it work better, or maybe not. But you go on to say that one could only acquire a few thousand shares that way and the example you use is 10k shares. So I post a factual example the very next day where I acquired 60k shares and your response is littered with "if there was news you wouldn't have gotten the shares" type response. Basically sour grapes, on your part. But I did get the shares, showing that the strategy does in fact work and is not a waste of time or "no reward" as you said.
I actually acquired nearly 500k shares in the past few weeks, with this method, but the 60k was the most recent acquisition. But I am not on here posting every daily victory.
A few days ago someone picked up a nice block on the cheap. Another poster asked if I got them. Too bad, but it wasn't me, so not on here posting victories or self adulation, as you say. I missed some shares one day at .0251 as I had an order in at .025. I also posted I thought news was coming that week, and was wrong. But within a week or so there was news.
Your reasoning that I did not get the shares I wanted, doesn't apply to me. I already have a very significant position (but I don't come on here and brag about how many shares I have - like L4BC), in addition to the bottom fishing here. You fail to recognize my perspective and see your viewpoint as the only viable strategy. I am not trying to acquire a specific number of shares. I am willing to pick up whatever shares are available, on the cheap. By doing so, I amass hundreds of thousands more shares than paying the ask, which is what you suggest.
I aim for maximum extraction and profitability. Anyone who has ever run a successful business enterprise would understand this simple concept. This is the difference between driving a 12 year old Honda Accord and being chauffered in a Maybach, and I'm not in the Honda.
As for L4BC, yes I have given him a hard time, but I hold him accountable for his often boastful and incorrect statements. His recent blunders 1) We are now set up to run with crypto or entering the crypto space etc. 2) he also said he did not expect news for a few months. He also pumps the stock and has suggested buying up to .70, and you would be ok. His posts are written in a manner to suggest he has spoken with Thom and has insider information. But clearly, his erroneous calls here show, that he does not. He also breaks the terms of service and posts/pumps other stocks. Most of his posts start out with how successful(he thinks) he is, world travels, etc., to lay the foundation for how smart he is and we all need to listen to him. I would be the first person in line to listen to him, if he was correct - but count me out.
So in my opinion, he was wrong on both accounts. Some here, myself included said we would be entering th gaming arena. No doubt crypto will be a factor as a payment method, but it doesn't seem that the company is becoming a crypto dogecoin. Also right after his prediction that news would take a few months, news was released. So he was off base again. He also pumped up the Bowie world experience and NFTs, which I said would be a failure, and both were.
When L4BC comes on here saying he is the smartest etc. and go for it anyone trying to challenge his supreme authority here, it is laughable. Clearly, a very insecure guy. But you don't seem to have any issues with any of that. Yet, when I respond to a post critical of my strategy, you attack me personally. No big deal, I can handle it. I'm not whining like L4BC, that people should be removed from the board etc. I'm just pointing out the hypocrisy of your position. I don't attack you personally. I simply pointed out, the difference of opinion/strategy and showed with facts, that my strategy works.
I never said your strategy did not work. Clearly, it's the simplest easiest method to acquire shares. Pay the ask and one will always acquire shares. I just want more shares for my $$. It's just a different perspective or viewpoint, which has served me well.
Perhaps I should ease up on L4BC, but some.of it is in jest, and we all need a little humor from time to time, as watching this stock (until recently) is like watching paint dry.
You are correct in that we share a common goal here, in securing profits. No doubt there are many ways to approach that process. I wish you and everyone here the best of luck in that endeavor!
AI
