It's the "groundfloor" mindset
Everyone wants to get in on the "groundfloor" of the "next big thing"
What pennyplayers don't understand is that even though groundfloor makes money. they aint the groundfloor. They are the sandwich between the insiders with limitless stock and option grants and the toxic financeers with discounted floorless convert stock.
The sandwich gets eaten by the insiders cashing out and the toxics dumping as fast as they receive their conversions.
It's discouraging reading some of the longs on these boards. They post on a single stock. they have endless hope and zero knowledge of business, finance , or the stock market. They get tips from college kids who know even less than they do. What shocked me was looking at the disclosures from some of these IRP's. $50 to promote a stock??? $100??? Why bother with college kids. why not go straight to the local wino or crackhead???
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,