Get rich with Blastomyces- Hot stock tip

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Phokus

Lifer
Nov 20, 1999
22,994
779
126
I wonder, could you have shorted the stock? When it was up to 30 cents, i would've shorted it knowing it was probably going down... do they allow that in OTC markets?
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
And the guy who took his life savings to Vegas for one roulette spin actually won. Dumb luck happens.

Uhh the difference is you can't "pump and dump" a roulette wheel.


I got news for ya. All stock is overvalued, pumped and dump compared to past. Look at historical P/Es. What makes this any diff? You certainly not relying on company earnings for your dividend..they don't make sh1t compared to stock outstanding to pay out anything... but instead more suckas to buy in after you do to realize return. Classic pump and dump. But I guess if it's done by known pudits and a social security/annuity scam that's alright huh?

speel
 

Blastomyces

Banned
Mar 23, 2004
482
0
0
I suppose I'm lucky I had a trailing stop on the stock, I ended up getting out when it was at 2.71 and made an easy couple hundred. The moral of this story is that these stocks are WAY to volatile for me and Im going to stick with my boring mutual funds. I suppose if you had nothing else to do all day you could trade on these stocks but I have a job and cant keep a close eye on them. Oh well, lesson learned (and I did make a little bit of profit :) )
 

DrPizza

Administrator Elite Member Goat Whisperer
Mar 5, 2001
49,601
167
111
www.slatebrookfarm.com
Originally posted by: eakers
Originally posted by: 91TTZ
Here's my advice on investing:

Rule #1- Never trust an anonymous stock tip you read on the internet. Chances are the person simply owns that stock and wants his value to increase.

that was my first thought.

mine too. I'd be more trusting if it came from someone with a few thousand posts... but coming from a relative n00b to this place...

Has anyone checked his past posts for others like this?
 

Zenmervolt

Elite member
Oct 22, 2000
24,514
44
91
Bubble. Going to burst soon. Don't invest it if you can't lose it. The absolute worst time to buy is when a stock is climbing. Buy after its fallen to a huge low (preferably a several-year low) and then _only_ if the company has good fundamentals and is a continuing strong player in the industry.

Besides, if this stock were so great, my trader buddies would have heard of it. Then again, the professional traders I know are smart enoughto avoid crap like this.

ZV
 

Miramonti

Lifer
Aug 26, 2000
28,653
100
106
Originally posted by: Blastomyces
I suppose I'm lucky I had a trailing stop on the stock, I ended up getting out when it was at 2.71 and made an easy couple hundred. The moral of this story is that these stocks are WAY to volatile for me and Im going to stick with my boring mutual funds. I suppose if you had nothing else to do all day you could trade on these stocks but I have a job and cant keep a close eye on them. Oh well, lesson learned (and I did make a little bit of profit :) )

OTC bulletin board stocks (penny stocks) are the most manipulated stocks on the planet.