If you truly believe this is a pump and dump stock
Post# of 30067
Posted On: 06/19/2014 5:09:44 PM
Re: biotechexpert #1108
If you truly believe this is a pump and dump stock, then you have 2 choices.
1. Play along. Try to figure out the pattern and trade accordingly.
2. Exit the stock and find an investment that is not a pump and dump.
I'm still amazed that so many people make stock investments with a short-term mentality, while anyone who knows anything about investments knows stocks are a long-term instrument. A longer-term approach is needed to reduce the high amount of risk inherent in the short-term fluctuations. You might as well go to Vegas and gamble your investment money there... you'll have a lot more fun.
The hard truth today is that any goober with a computer or a smartphone now calls themselves an investor. Easy money trading in and out of stocks, they think, and all the while the evidence from academic studies indicates the overwhelming majority of these "investors" lose money with their short-term mentality. Too bad those who claim to consistently have gains trading in the short term don't have to post copies of their Schedule D each year to validate their claims. LOL
GLTY
1. Play along. Try to figure out the pattern and trade accordingly.
2. Exit the stock and find an investment that is not a pump and dump.
I'm still amazed that so many people make stock investments with a short-term mentality, while anyone who knows anything about investments knows stocks are a long-term instrument. A longer-term approach is needed to reduce the high amount of risk inherent in the short-term fluctuations. You might as well go to Vegas and gamble your investment money there... you'll have a lot more fun.
The hard truth today is that any goober with a computer or a smartphone now calls themselves an investor. Easy money trading in and out of stocks, they think, and all the while the evidence from academic studies indicates the overwhelming majority of these "investors" lose money with their short-term mentality. Too bad those who claim to consistently have gains trading in the short term don't have to post copies of their Schedule D each year to validate their claims. LOL
GLTY
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