Who’s gonna
keep tabs and clean the mess up? The incompetent/understaffed
Osama
bin SEC?
You
with that Scottrade account?
I mean c’mon, all everyone down here in the gutter of the market is doing is
playing with numbers and taking advantage of people’s greed and inability to be
as cynical as they probly should be. Whether a CEO talks up how bright their
company’s future is (Traitor Monthly, Bear Stearns, just about every publicly
traded company in the world) (as CEOs can never admit defeat—they are paid to be
a company’s #1 cheerleader), an accountant/CFO manipulates a company’s balance
sheet to assuage shareholders (happens every day), a newsletter pumps up/bashing
a stock (whether paid by the company, a shareholder or for their own purposes
(as in they own or are short shares) or a message board poster uses selective
data points to make their case—long or short—this is what everyone does so you
might as well accept it.
I know many will think I’m crazy—with just as many, if not more, privately
emailing me (since they can’t go on record or else they’ll lose their place in
the $ line aka their job/reputation, etc) to tell me how great it is that I’m
cutting through all the BS—but if you simple think the worst of EVERYONE in the
penny
stock niche, you’ll never be let down.
This obviously goes against American ideals like “innocent until proven
guilty”, but if you’re going to survive, nay, flourish down here in the
gutter—and no joke, it really is the gutter—you gotta take my battle-tested
advice cuz I didn’t get this way without some
serious losses/experience.
So presume everyone down here is “guilty until proven innocent”. Hell, if you
any due diligence (it means research you friggin dumb newbies), you’ll discover
half the people working this beat already have criminal records!
So trade cautiously. Trade carefully. Trade cynically. Trade safely. Trade
profitably.