Hey all....here is a nice post from a guy I follow
Post# of 36728
BIG Investment Group LLC
14 minutes ago via mobile
BIG "The journey of a penny stock with potential" discussion:
Folks I wanted to take a post to talk about the very trying journey of a penny stock as it climbs it's way up the pps chain.
If it's not hard enough to find a diamond in the rough within OTC land you also need to be prepared to weather the emotional roller coaster ride as the company progresses and the market reevaluates the value via its price per share.
Those of you new to this need to understand that you will rarely, most likely never see a stock rocket from sub penny to $ range quickly and without significant pullbacks and sideways trading periods (buyouts not withstanding).
You need to understand that each new pps level breeds a new type of investor; good and bad. For example once a stock, especially trip stocks, have been on a significant run (300-400%) gains the shorters will storm in. It's text book and it happens nearly every time. They will bash on the board forums and try every tactic to instill doubt in hopes to drive the price down to cover their positions. They will do this on every level up until heavy investors take notice and the company is able to officially up list to the higher exchanges.
At times it seems you will never get through the manipulation and that no matter what the company does, there is no hope. That is EXACTLY what the MMs and other players shorting want you to think. They will wear you down until you cave and sell well before you should.
That's why I say repeatedly that you CANNOT watch the stock action every second of every trading day. The shady characters are banking on you doing so and they are full aware that you are emotionally tied to the stock.
Trust me folks these characters will research each poster and find out who is holding what. Who are the BIG dogs on the block. Who is weak and asks a bunch of naive questions, etc. Who is the leader or the most respected on the board. They will go after these folks first! They will do there best to poke holes in them. To attempt to discredit them. They will PM other posters and talk trash about that person, etc.
How do you not feed this or prolong it? Simply, DO NOT ENGAGE THEM in ANY way!
If you all could see my PM box it would be telling. I have some straight up nasty PMs from the infamous ihub bashers. They hate me. I NEVER respond even via PM. They have been on NTEK for many many months now. And they have shown up in force on ACYD this week. Nitwit, Asher, Mr T, etc etc etc. If you are ever in doubt about someone, look at their posting history. It will tell all and you will see a theme. That's why these cats have so many multiple accounts.
That's my take. I suggest you utilize people you know and trust and when you know you have a winner, step away from the computer and the damn boards as often as you can.
Trust me it will be for the better.