Off Topic, just for a moment.
Hi Auroradude, thank you for the PM and the support. I am grinning from ear to ear. Unfortunately I can not PM you back so I hope you do not mind me replying to your post here. At first when meeting you, I honestly did not know how to inturpret some of your posts but as time has gone on, I am beginning to really like, understand you, your posts, and your positions on various subjects.
I sincerely appoligize if I have ever come across as a know-it-all because that would be the farthest from my intent.....but I was once a Noob here back in 1997/98 and I lost a LOT of money trading stocks online while attending the school of hard knocks.
As we both have done, I have won some and lost some but most of my losses have come because I am a "trusting" sort of person and some pumpers realized that, in the beginning of my trading days, and took advantage of my inexperience.
As long as I live, (and I have not told anyone else this before publicly) but I remember the trade like it was yesterday. Back in Feb 2000, putting almost 20 grand into a single momo play on the way up, and because it was so volitale and thinly traded that when I finally got out, I only had about 3200 left. That was one falling knife I just could not catch on the way down. The MM's tanked it faster than I could place sells. So ever since then, I do play the MOMO's down here in the 5th floor sub-basement but I am very wary of the abusive scams going on since then.
Most of all, has anyone on these boards considered for a moment the kind of irreparable damage that could be done to a Newbie who is young and inexperienced who maybe comes online with the last 5 grand that they have, just trying to make a few extra bucks for maybe their wife and child,and who want to "trust" that other posters are telling the truth........only to find out 24hrs later (when their 5 grand is virtually gone) that they were taken advantage of by those same posters who were doing nothing but spewing lies.
To me, that is simply wrong. If a person loses their money because they did not do their homework and their DD properly, that's one thing.....But to place "trust" in another poster on these IHub & RB threads, who's sole mission is to get you to believe in what they write and to invest and then sell out from under you, is just plain wrong.
Most of these Noobs get so burned that they flee the markets never to return. I do not know about the rest of the world but Noobs, to me, represent new money coming into the market and if that money is basically "stolen" from them by these MOMO plays, then one could hardly blame them (the Noobs) if they were not to place a trade ever again.
My mission is to teach them that there ARE decent people on these threads who are more than willing to "work together towards a common goal" and keep them coming back over and over again, rather than see them get "fleeced" just once.
So..... sorry for the diatribe..... I just hate to see the inexperienced get taken advantage of..... I want them as part of the team, long term, going forward..... and not to abandon the penny stock market forever.
Is it Monday 9:30 am yet....., Steve
Hi Auroradude, thank you for the PM and the support. I am grinning from ear to ear. Unfortunately I can not PM you back so I hope you do not mind me replying to your post here. At first when meeting you, I honestly did not know how to inturpret some of your posts but as time has gone on, I am beginning to really like, understand you, your posts, and your positions on various subjects.
I sincerely appoligize if I have ever come across as a know-it-all because that would be the farthest from my intent.....but I was once a Noob here back in 1997/98 and I lost a LOT of money trading stocks online while attending the school of hard knocks.
As we both have done, I have won some and lost some but most of my losses have come because I am a "trusting" sort of person and some pumpers realized that, in the beginning of my trading days, and took advantage of my inexperience.
As long as I live, (and I have not told anyone else this before publicly) but I remember the trade like it was yesterday. Back in Feb 2000, putting almost 20 grand into a single momo play on the way up, and because it was so volitale and thinly traded that when I finally got out, I only had about 3200 left. That was one falling knife I just could not catch on the way down. The MM's tanked it faster than I could place sells. So ever since then, I do play the MOMO's down here in the 5th floor sub-basement but I am very wary of the abusive scams going on since then.
Most of all, has anyone on these boards considered for a moment the kind of irreparable damage that could be done to a Newbie who is young and inexperienced who maybe comes online with the last 5 grand that they have, just trying to make a few extra bucks for maybe their wife and child,and who want to "trust" that other posters are telling the truth........only to find out 24hrs later (when their 5 grand is virtually gone) that they were taken advantage of by those same posters who were doing nothing but spewing lies.
To me, that is simply wrong. If a person loses their money because they did not do their homework and their DD properly, that's one thing.....But to place "trust" in another poster on these IHub & RB threads, who's sole mission is to get you to believe in what they write and to invest and then sell out from under you, is just plain wrong.
Most of these Noobs get so burned that they flee the markets never to return. I do not know about the rest of the world but Noobs, to me, represent new money coming into the market and if that money is basically "stolen" from them by these MOMO plays, then one could hardly blame them (the Noobs) if they were not to place a trade ever again.
My mission is to teach them that there ARE decent people on these threads who are more than willing to "work together towards a common goal" and keep them coming back over and over again, rather than see them get "fleeced" just once.
So..... sorry for the diatribe..... I just hate to see the inexperienced get taken advantage of..... I want them as part of the team, long term, going forward..... and not to abandon the penny stock market forever.
Is it Monday 9:30 am yet....., Steve
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