Quote:
Originally Posted by crockett
It's a penny stock man, you never buy into the bull shit stories they tell about the company doing this and that. Those stories are a dime a dozen and pump & dumps are just as plentiful.
They get away with out right lies because the FTC doesn't regulate penny stocks, so the scammers fuck people daily with bull shit stories while doing their pump & dumps.
The ONLY way you trade penny stocks is via momentum trading and that's still risky as hell.
|
You're right about the shit they say... I completely ignored all of the claims about the company.. Promoters are the scum of earth and will rape their loved ones if they have to in order to raise a stock price. . . I'm trying to take advantage of that by paying attention to which promoters are generally successful, how much they're being paid (or whether they have a position or not) and shit like that