During my education in the College of Hard Knocks good ole Jonathan Lebed was one of my first professors. The course he was teaching was Firamada Corp. FAMH:OTCBB.
I got in under a dime and rode it up to .50 or .60 cents. Only problem was, like I said in a previous post, I forgot to sell. I was lucky to some degree because I did get out with some profit but not anything close to what I had at one time.
Lebed was on a first name basis with Ira Monas, CEO of Firamada, and that story is filled with conference calls and the whole ball of wax. I'm sure some old timers here remember those days. Other characters were Triple Jane, and Tokyo Joe, just to name a couple.
It was ALL a bunch of crap. Luckily, along the way I met some nice people on both Silicon Investor, and Investors Hub that steered me in the right direction.
W.C. Fields was dead on when he said there's a sucker born every minute, only it's more like every second. (I think it was W.C. who coined that)
The penny/pinky world is ALL about trading the MOMO and staying alert. Believe very little of what you read and just trade the peaks and valleys. You MUST be able to watch the stock you are playing throughout the day. Every time I read about people on here that own this penny garbage and also work a 9 to 5 job and just "check in" when they can, I cringe. THAT is a recipe for disaster.
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