Thursday, August 14, 2008 10:38:29 AM
Many people made a TON of money trading this stock and they were not involved with the company in any way.
The reason they made big was they bought and sold it wiith a rational approach free of emotion.
You should say buying and holding any of this stuff with the dream of owning something real is suicide. Thats the mistake everyone makes.
This is how I look at these stocks now. Everything that comes out in PR is a lie. Everything that any IR firm associated wiith one of these stock is a lie. Everything that management says to you on the phone is a lie.
Buy it and sell it and run. You won't win all the time but the key is when you make a mistake take the loss and step back. The major mistake most make is not only not doing this but also continue to buy as a stock keeps falling. No judgement, been ther done that.
Either play by the crooked BB rules or don't play at all.
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