Replies to post #14090 on Deep Blue Marine (DPBE)

[subgeo]

What's funny to me is when you buy a pinksheet company based on their 'business model' and then a few months down the road the company completely changes course. I invested in a company that mined tungsten, or supposedly mined tungsten, and then a few months later they switched to a country music distributor. WTF? Another company I invested in was a software co that turned into a temp nursing provider. I could not figure out what the heck was going on. What was going on is called the shell game. These guys make money on changing the business model, changing the name of the co, selling the shell, and authorizing additional shares to sell to unsuspecting investors.

Another example is wilfs copper mining venture. Before Copper King, that company was a stock promoting/weekly webnews company that also owned stock info systems, or something to that effect. Now instead, they are into copper mining: Propped up by Alexander Lyndale venture capital. If you were paying attention to wilfs other ventures, you would have seen that IBCD was not around anymore and SIS could not be found on the web anymore but the stock was still there trading for around 0.006 - 0.009 or so and now it's at 0.17. What happened? They sold the shell and created a new business plan. BUT, and its a big BUT, they did not do a R/S so if you bought in before the change, you did pretty well, and if you did, get out now before they do a R/S. Lock in your gains, sit, watch, and wait. So in pinkyville, you need to play 'their game' and watch patterns, imho. The actual business may never make money and the investors almost always lose so you have to completely take emotion out of the equation and trade based on company patterns and hope to hell you are in and out at the right time. I feel that if you are into playing the pinks, you need to play a few and hope to hit a home run on one because you will probably lose on 90% of your stocks but that one can make it all worth the while. The best advice I could offer is to trust no one except yourself. Do your homework and trade on paper for a while before diving in with your cash. You very well may make more money by sitting on the sidelines and collecting the little bit of interest from your local bank.