Don't be so hard on yourself tech. Interesting cou
Post# of 43064
Posted On: 10/21/2014 1:59:55 AM
Re: techisbest #14978
Don't be so hard on yourself tech. Interesting couple of lines from your post:
"Picking a winning OTC company is like winning the Lotto. Although you might have better odds winning the Lotto.
Never again. Sure, I could be smarter the next time and steal money by investing early and playing the volatility that takes place when the dream seems real, but the company is not. Could have made lots of money here.
Read More: http://investorshangout.com/post/view?id=2151...z3GkvmdiHE
"
I would say tat you have expressed what most investors do not get: that the odds simply are not in the investors favor with penny stocks. Investors invest in these because they figure all it take is that one big winner... well they are wrong, and only time will tell. Time and experience.
As for getting in early, it is easier said than done. It has only happened to TBG once in 10 years. He was reading msn.com one day and found a story about someone opening up a restaurant in California. It took a year before it came to fruition, a board opened up on iHub, and he made 500%. Followed it all the way down to subpenny. Could have made more if he had been patient.
He has been trying to repeat that experience ever since. It is not something you try to do, it is something that just comes your way. The trick is patience and recognizing it.
But, there is nothing wrong with taking advantage of such opportunities. It is not "sleazy", just taking advantage of the situation that presents itself... I think to find public information that can actually be used for an investment decision reliably (ie. it has not been paid for and is not part of a P&D) is extremely, extremely rare.
"Picking a winning OTC company is like winning the Lotto. Although you might have better odds winning the Lotto.
Never again. Sure, I could be smarter the next time and steal money by investing early and playing the volatility that takes place when the dream seems real, but the company is not. Could have made lots of money here.
Read More: http://investorshangout.com/post/view?id=2151...z3GkvmdiHE
"
I would say tat you have expressed what most investors do not get: that the odds simply are not in the investors favor with penny stocks. Investors invest in these because they figure all it take is that one big winner... well they are wrong, and only time will tell. Time and experience.
As for getting in early, it is easier said than done. It has only happened to TBG once in 10 years. He was reading msn.com one day and found a story about someone opening up a restaurant in California. It took a year before it came to fruition, a board opened up on iHub, and he made 500%. Followed it all the way down to subpenny. Could have made more if he had been patient.
He has been trying to repeat that experience ever since. It is not something you try to do, it is something that just comes your way. The trick is patience and recognizing it.
But, there is nothing wrong with taking advantage of such opportunities. It is not "sleazy", just taking advantage of the situation that presents itself... I think to find public information that can actually be used for an investment decision reliably (ie. it has not been paid for and is not part of a P&D) is extremely, extremely rare.
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