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Re: dolamite post# 17887

Friday, 09/17/2010 4:28:34 PM

Friday, September 17, 2010 4:28:34 PM

Post# of 18603


Come talk to me. Out of the last 10 to 20 stocks I have bought almost all of them (except for one) have been at least a 10 bagger if not more.

The key to picking winners is

1, patience (wait, wait, wait, don't force things to happen but watch and observe). Collect data and avoid the naysayers or even the complete opposite of the naysayers (the pumpers).
Message boards are good for seeing what stocks someone is in and what they are saying about them. There may be some validity in what some people are saying. Make that decision for yourself, don't let others make that decision for you as often times there are alterior motives.

2, Don't chase the stock. Often times a stock is pumped only to come right back down. This is the norm, rather than the exception with penny stocks.

3, Don't panic if the stock goes down just a little. If you did your due diligence, usually the stock will come back up.
(I would never walk away from a penny stock to revisit it 2 years later however as most penny stocks are a gamble.

3, Don't put all of your money on one stock. Be content with making a little here or a little there. Enough hits on 10 baggers will more than offset your losses. If you lose on 3 out of 10 stocks, you are probably ok as you will make more than enough to offset your loses if you don't get hung up on any one stock.

4, Buy when no one is buying and sell when everyone is buying.

JMO