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Gold Seeker

04/14/09 6:27 AM

#18677 RE: HALF FULL GLASS #18674

Half full stated: "Longterm holders of stocks generally do much better than traders. You should know that by now."

Half, that is what I had thought also but the past few years have been a disaster for long term holders in almost any stock.

As the bocx has basically stated, OTC stocks should not be a place for long term holders but only for those that want to capitalize on the hype of pump and dump. The bocx clearly indicates the OTC stocks are hyped to entice new investors and provide a profitable sale for those trading the stock. Now, what happens to the poor sap that bought on the hype? I suppose the bocx just thinks he is just a loser and deserves what he gets for buying an OTC stock on hype.

The bocx stated: "But in order to get new investors, you need to disseminate the news and that is hyping, pumping and a terrible thing to do according to some."

Yes, it is a terrible thing to do and is absolutely morally WRONG. By hyping, you entice some sap to become a long term holder who is immediately placed in a losing position when the traders sell as you recommend. This stock is currently full of the long term holders who bought on the hype thinking this would be a profitable long term investment. With everything that Moro and all the paid hypesters were stating, how could this stock possibly lose? Moro has hyped this company repeatedly and where has it gotten long term holders? Some of them even bought more stock and made their losing positions even worse.

Look at the "letter to shareholders" that Moro wrote back in October. Some investors were stating that Moro wouldn't write such a letter if things were not ready for the stock to explode and bought more. The stock exploded alright and went on down to 8 cents. It has been 6 months since that letter was sent and nothing has happened except a penalty added to the loan and employees being paid in stock that is sold on the open market. The loan is now set to resume payments and it appears that Moro is less capable of paying the loan than he was last November.