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Re: Stockplucks post# 14086

Friday, 10/14/2011 4:22:58 PM

Friday, October 14, 2011 4:22:58 PM

Post# of 17088
We agree to disagree. I find it hard to believe that an investor or trader buys a pink sheet penny without first doing some easy due diligence. One of the easiest things to do is check sentiment on the boards, and then use them to jump off to websites, filings, other informational sites, and then if your smart, start digging further. Now I know a lot of investors do not go all that far with their DD, but going to a message board just seems stupidly easy. I would not trade directly off message board sentiment, but you can get a feel from them. In this case if you are a seller(trader) you can make a very educated guess about who might be enticed to bid and when to scalp a couple pennies here and there. Not that think it is particularly smart, but that seems to be the state of things. Far to many posters on here give up numbers info. I do not keep track myself, and you can't be sure who is telling the truth, but if you wanted to spend a day or three going back through posts you build a rough estimate of who holds what, how much and their particular habits. If you held a large core, and were just trading around that this would be good info. Personally, I am a buy and hold guy, and I agree that you would be stupid not to see this through now, but that is, obviously, not everybody. I just do not see someone trading a pink sheet penny such as this strictly on say TA. It doesn't make much sense, but then my frame of reference could be off. While I disagree with the notion, as an investor I will keep an open mind.