AI
Wednesday, February 02, 2011 4:49:42 PM
Thanks. This company doesn't appear to be any different than 2-5 years ago. WTCT and those of us retail "investors" that live in the WTCT land of pinks do the following things:
1. Believe and stay with the company and loose.
2. Say they are certain the company is real, encourage others to hold as they are, etc...yet sell on any small profit.
3. Keep their thoughts to themselves and just trade. (Best course, imo)
The 3rd idea, holding only for the runs and bailing is, of course, the only way to go, but unfortunately some buy the hype, hold with poster support they should and get screwed. Their own fault? #2 is the method that is so troubling. Some believe the companies PR's and posters pounding the table...it happens.
So who wins?
1. The start-up pink management, insiders, finance dudes(WTCT in this case), due to their obvious agenda of selling shares for their very existance, often very big money. And...they would pay their cel phone bill with corporate shares if they could.
2. IR groups that get paid to provide "market awareness."
3. A few folks that make money off others that "invest". You could say that is the case with all stocks, even the big boards, but the manipulation with WTCT (and pinks in general) is much more possible due to the lack of SEC reporting and many other reasons. Every nickel made by retail traders comes from other buyers of WTCT...not the company.
Integrity of many here with WTCT is non-existent, imo. It is sad.
You have received my sermon for the day and not pointed at you necessarily...perhaps for the week...perhaps forever.
1. Believe and stay with the company and loose.
2. Say they are certain the company is real, encourage others to hold as they are, etc...yet sell on any small profit.
3. Keep their thoughts to themselves and just trade. (Best course, imo)
The 3rd idea, holding only for the runs and bailing is, of course, the only way to go, but unfortunately some buy the hype, hold with poster support they should and get screwed. Their own fault? #2 is the method that is so troubling. Some believe the companies PR's and posters pounding the table...it happens.
So who wins?
1. The start-up pink management, insiders, finance dudes(WTCT in this case), due to their obvious agenda of selling shares for their very existance, often very big money. And...they would pay their cel phone bill with corporate shares if they could.
2. IR groups that get paid to provide "market awareness."
3. A few folks that make money off others that "invest". You could say that is the case with all stocks, even the big boards, but the manipulation with WTCT (and pinks in general) is much more possible due to the lack of SEC reporting and many other reasons. Every nickel made by retail traders comes from other buyers of WTCT...not the company.
Integrity of many here with WTCT is non-existent, imo. It is sad.
You have received my sermon for the day and not pointed at you necessarily...perhaps for the week...perhaps forever.
"For those who believe, no proof is necessary. For those who disbelieve, no amount of proof is sufficient."- St. Ingatius of Loyola
"And both positions are folly. Within the middle is the truth" -the old dog of Texas
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
