Replies to post #38965 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

People who don't truly know what they buy or why they buy and importantly when to buy, will always lose, whether in Real Estate, big board stocks or micro caps. "A fool and his money are quickly parted..."

People are running to the big boards right now when they should be running out "soon" and into Real Estate IMO. But they're running out of Real Estate because someone else told them the market is down, blood in the streets whatever... Last time I checked, that's when smart money buys. Always move in the opposite direction of the sheep is how I continue to survive self-employment and provide for my family. Oh, and I pray a lot.

People avoid the pennies and laugh at your "investments" there, and yet many people have made and make an honest fortune trading the pinks everyday. The trick is determining whether or not you, or your supposed "friends" are the sheep, the wolves, or just an old lowfloatgoat doing his own thing, knowing who, what, when and why he's doing it, and hopefully making a killing at the same time.

Of course you know all this. You just were unlucky/happened to follow the wrong crowd/friends and will migrate back to the big boards where you will probably make more money and be happier. It takes a lot of luck, shrewdness, and discernment to do well in the pinks...well on any investment that does better than 10-12% a year LT for that matter...

But what do I know. I still work for a living...though only 10am to 4pm EST now...keep your chin up. People here are excited to finally see their dream potentially realized. Let them have their day and pray they make good choices.

[VistaViewer]

lakedweller2, I think you are finally getting to the point of it.

There are an abundance of individuals who are, what is generally termed, OTHER-DIRECTED, which is the exact opposite of being "self-directed".

Typically, they do little or no DD, but buy a stock like PBLS because someone posted something on a message board, and they liked the idea, or whatever. The Power of Suggestion...

But if the stock falls down, then they immediatly move to BLAME the outcome on the OTHERs; those "evil pumpers" or those "criminal MMs", or whatever. NO WAY IN HELL will they ever step up and accept responsibility for having made a fundamentally bad decision; not as long as they can blame someone else for it.

You describe it as "...buy at inflated levels, then become bagholders...". What you are REALLY talking about are lazy losers. It is their fate to lose. What else can you expect them to do? That is the path they have chosen.

There is NO FREE LUNCH here; you have to do SOME work for your profit, otherwise you are just gambling. Posts on forums are NOT real DD; they are opinions and gossip. For Heaven's sake, see it for what it is before it is too late.

There can be a steep learning curve involved in learning how to trade stocks for profit and winning more than losing. Lazy people just don't want to do the work. If they lose it is NOT because of what someone else posted; it is because they are too lazy to learn how to win. Winning comes from Doing Due Diligence.

Anyway, Good Luck playing the "blame game".

VV