Beacon Redevelopment Industrial Corporation (BCND)

[fwhomeboy]

But a bigger problem are the " third party stockholders ". These guys own millions or 10's of millions of shares of a company for various reasons( former board members, people who lent the company money and received convertibles as a perk, stock received at a discount, etc.) They hire an IR/PR firm to promote the stock and give them a portion of shares as payment, the company comes out with news releases, the stock starts its move up, then the " third party " starts dumping his shares. He doesn't even care about the price, he just wants to keep it afloat long enough to get out of his position, its all profit to him anyway. By the time the average trader catches on its too late. The company gets burned, the promoter looks like a pump & dump guy, the trader is a bag holder and only the " third party " has profited. Most all companies just starting up have someone out there with lots of stock to dump. That's the main reason WHY these penny stocks should not be held after those initial run-ups. We all get greedy. We are not satisfied with that 20-30% profit. We don't want to miss out on " the big run ". Next thing you know we're down 20-30%, can't get out as the price plummets, its the same old story. You have to pick your spots and GET OUT when you've made some green. There's another one out there just about every day. It's a tough discipline but it will save alot of heartaches and your bankroll