Replies to post #7582 on Energy Finders Inc (EGYF)

[backtoreality]

Great post,,, that's why I followed you here. I know back when I made my first purchase I expressed to you I was interested learning your investing strategies. Back then after 2021 Veterns day I decided to start a new strategy. I bought 20 plus pennies knowing with the new laws that Pinkyland would change, he'll No! Now a company trading at a nickel releases great news and the stock price goes down. Point is I hope to someday be able to pick your brain and actually do something productive with that info....

Hopefully Egyf becomes our best New Green Deal!

There was a great poster on the old board that told me she only trades stocks that are trading million + shares a day and having minimum 5 bucks/shr.dailly. Karin. I'm assuming her post was Layman's term for what you just posted?

[stervc]

Citrati, with these thoughts...

Very interesting thoughts as I'm sure they are appreciated by those here reading this forum. As for me, major market stocks became too boring for me. First I started out doing only mutual funds. I was in Janus Global Technology and made 100% return on my money and I thought I was doing something. Then I researched why were they able to pay me 100% return on my money and stay in business. I researched their Top 10 Holdings for that mutual fund and saw that #1 was QCOM for where the greatest bulk of the money was being invested, #2 was CSCO with the second most of the money invested, #3 was MSFT with the third most of the money invested, and then the rest was distributed in smaller portions in sequential order to round of the Top 10 Holdings. That year, for those who can remember, QCOM had over 1,000% in gains for that particular year. CSCO and MSFT had good gains, but the rest of the Top 10 Holdings were not so good. I realized that if I trusted this mutual fund enough to invest in, then I should trust their decision for who they picked as their top stock within their Top 10 Holdings and just invested in that stock which was QCOM. I had seen that if I would have invested all of my money into QCOM that year, instead of a 100% gain for the year, I would of had a 1,000% gain for that year. That's when I realized that that something that I thought I was doing, was nothing! LOL!

So that got me out of mutual funds and got me into stocks. I had graduated to doing only major market stocks. I never even knew or heard of a penny stock until I had later researched QCOM further. I had done extensive research on QCOM. Some were claiming that QCOM started out as a penny stock and that's when I started learning more about penny stocks. I had seen where QCOM traded at a low I think of .30 per share once upon a time, but I think it was never officially deemed or classified as a penny stock by penny stock rules. I don't have my notes anymore about QCOM so I'm a little rusty on it to confirm all of those details.

Then eventually the major market stocks got boring to me because many of them are locked into the "Laws of Diminishing Returns" to where the growth was so slow, that it seems as if such growth was stagnant. The penny stock world is kind of like the Wild Wild West, but not as bad (although that might be debatable for another day). Penny stocks will give the investor a chance to make up for lost time for growing their portfolio if invested correctly. I would invest on and off into major market stocks, but by the year 2000, with the forward split crave, I was really done with major market stocks for the most part.

In the year 2000, it all started with VCSY and VNCAF for those who could remember. It was crazy! VCSY back in early 2000 announced that they were doing a 20-1 Forward Split on Jan 28, 2000. They announced that their Date of Record for their Forward Split was Feb 7, 2000:
http://www.vcsy.com/press%20releases/021400.html

I held past the close of business of the Date of Record of Feb 7, 2000. I still didn't really understand the magnitude of what was happening or about to happen to my portfolio until I kept holding and a little while later, on Feb 23, 2000, the stock (VCSY) had hit a high of $6.125 per share post-split for the day with plenty of volume. At that price, that’s equivalent to $122.50 per share pre-split price that’s derived by multiplying $6.125 per share x 20 Forward Split Ratio all while having 20 times more shares than what you had originally bought.

Then I had a similar experience with VNCAF and some others in the year 2000 from what I had mentioned in the link below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172576733

After those experiences, I was done with major market stocks for the most part. I was very fortunate to have gone through such experiences. Our experiences are what helps mold us to be as we are and think how we do a lot of times.

v/r
Sterling