Replies to post #28583 on Sunset Island Group Inc (SIGO)

[chemist72]

Making money in the market is not as easy as some make it sound. I started back in 1969 and never had much success until I retired in 2015 and could devote full time to this "hobby" or "job" depending on how you look at it. Since that time I've more than tripled my portfolio. Granted I had some luck on my side with a few big winners, but as long as you manage your losses well, then really all you need is a couple of big winners per year. Its all up to you how much time you can devote to this and reading 1 or 2 good books can help as well. Lately, I have found that following the "right" people on IHub that have great stock picking records can be extremely helpful as well.

Good luck to you.

P.S. SIGO is probably not your best choice for cutting your teeth on. This stock is extremely volatile (just look at the one-year chart) and would be difficult to trade, even for an experienced trader (in my opinion). It could be a good choice to buy and hold (although I wouldn't recommend that to a newcomer) since the marijuana business in California could be a tremendous revenue generator for those entities that are large enough and experienced enough to take advantage of this, perhaps, once in a lifetime opportunity regarding marijuana legalization in California.

[Neptune]

BillTheTrader number one rule is always keep dry powder. It will turn and go much higher when the MM's finish scaring the weak and the flippers stop. This kind of swing is not normal for most stocks but this one has a low float and not enough longs have locked in their shares so they cannot be borrowed to short. The MM's can see every bid and ask even the all or none orders. Hang in there don't give them your shares and put them up for sale at 10+ for now. GLTA

[Sammy Beefkins]

I guarantee that tomorrow at this time you will be glad you couldn’t buy more.