Bonanza Oil & Gas, Inc.(fka BGOI)

[gmoneypenny]

I agree.

Here's the fundamental problem I see with what has happened here (and other stocks following the same pattern with these rah rah's):

These rah rah people send out an "alert" basically telling people, "Don't ask any questions, just jump in or you'll miss the boat." But when push comes to shove, they also tell people the complete opposite, "Don't listen to us. Do you own DD." Covers their butt on both ends.

So someone like me, who ALWAYS does their own DD before entering a stock, takes some time to do my own DD. If the DD says enter a stock, then I enter. Unfortunately, by that time, it's often right about the time these rah rahs decide to jump ship. The jumping ship would have been a SIGNIFICANT factor in the DD had I known. But there is no warning. They are screaming and "pounding their fists" that this is a STRONG BUY right up until the moment they are hitting the sell button. Then they just vanish and are onto their next stock. They create as many bagholders as they create winners.

It's very frustrating to see this so rampant here on iHub. My DD said this stock was a good buy at .002 yesterday. However, had I known these rah rahs had their finger on the sell button AT THE SAME TIME they were touting like crazy, that would have been a KEY piece of DD that would have told me to stay waaaaay away. I could have waited for them to unwind, then bought my shares based on my same DD. But now I'm down almost 30%. That means the stock has to climb 60% for me to get back to breakeven.

As a sidenote, I take full responsibility for my trading here. I do not blame them. My DD said it was time to buy, so I bought. I'm just frustrated that I had to learn a lesson the hard way (actually for the 2nd time): if there is some iHub rah rah group playing the stock, then leave the stock alone until they have left. Then if your DD says it's still time to buy, then go ahead and buy. I hope other people can benefit from my mistakes.