Friends and associates...I am trying to compile a solid list of requirements for plays that I/we can *really* get behind from now on for mid-to-long term potential.
These would be "premier" plays that based on the criteria met have solid short/mid/long term potential. Below is the beginning of a "premier play" criteria list. I would very much like for you to comment on it and add to it! Any help would be appreciated...both publicly and in PM!
# Ungagged T/A # Fully solicited # No indication of being viciously shorted / No RegSHO # Responsible A/S and O/S # Currently undervalued # Updated filings # Good rating on Pinksheets or otcbb.com -- http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp ("distressed" or higher rating)... # Financials / audited financials # Solid history of not diluting irresponsibly # Hot Story # Independent investor verification of PRs and other DD # Non-dilutive clause/agreement # Creative marketing in place # Decent, available IR firm # Proven history of running effective PR campaigns # No history of toxic financing or connection with known toxic financiers
Even if a company is not all these...I think we can to some extent gauge if a company is heading in a positive direction and willing to meet all/most of these requirements.
I am just so sick and tired of pinky CEOs right now. I love investing. I love trading. I love the pinks and OTCBB. But so many CEOs down here have proven to me time and time again their willingness and ability to ruin a good thing.
It is extremely risky to invest in the pinks/otcbb. Over the past few weeks we've seen some incredible gainers and some bad losers. Many of us are adrenaline junkies and we are attracted to the volatility down here. But many of us have professional trading platforms and can sit and read L2s all day. I am becoming more and more convinced that if you do not have live L2s and have the time to watch them almost continuously...you should not invest in the pinks *unless* most/all of the above criteria are met in a stock.
So, I think the above list above is a good start to help mitigate at least some risk. I would like to hear your thoughts about all this.
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