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OlafKjelldsen

06/17/12 8:19 PM

#126443 RE: ToldYaSo #126442

Ummmm, yeah.....I know if I was going to buy last week at .0004, but didn't because you "helped" me, and then saw it shoot up where I could have doubled my money.....well....I could do without that kind of help! IMO, keeping people from making money is just as bad as taking it from them--think about it.....


I have thought about it plenty of times and I do understand what you're talking about. What you're probably missing because you have experience is that an inexperienced person doesn't know enough to sell when they double or triple their money if they think they are investing in something that's actually going to just keep going up year after year until it actually hits a dollar or 10 dollars or whatever. People who really believe you can find a legitimate ground floor opportunity in a stock that's @ .0003 with the equivalent of 2.4 trillion shares. Those are the people that end up being bagholders until they have to sell for a huge loss when the manufactured run is over with and they have to face the fact they've been suckered.

I'm not trying to tell experienced penny stock flipper/traders not to buy in and make money. They know enough to get out before they lose (after helping to sucker the noobs). Noobs don't know that. Even if all I do is help them understand that they can probably make quick money with the stock but shouldn't hold on to it if it starts dropping (and all the chimps start screaming about a "temporary pullback" or some such crap).

This much is true: unless people bring new money into the stock, then all that's happening is traders handing the same money back and forth. This entire process feeds off luring naive people into putting new money into the stock so experienced people can profit from their naivete. They don't care if they do that. I do.