i'm curious what your thoughts are too. has me pretty damn nervous. i'd like to stay in, but if this whole thing is a bust for some reason, better get out before we take more than a 50% loss. but i could just be paranoid.
too bad about the forum....seems like a mirage now. I for one am interested in sharing money making ideas. No BS just results. Thanks for sharing, regardless of format.
The sale of 1.3Mil shares leads to booking of about $30k.
That's really not much money. I'm sure if it were a scam, he could have got this thing a lot higher and made a LOT more before cashing out some shares...
yeah, i did the math too, and then thought the same thing. i'm sure that tomorrow someone will call him and the conversation will get reported on the yahoo board or something. it's see easy to over-react with this stock.
hey lat, have you talked to joe? how's he doing? i don't really know all that happened, but from what i read before things got deleted, it all seemed pretty shitty. i'm trying to stay neutral, but people on that forum are not acting respectfully at all. but again, i don't know exactly all that went down. such a shame.
Joe, that just plain sucked what happened. I was on dialup today and couldn't get it going fast, but I saw your last exchange. I went to look up the comments and it was all erased by the time 56k modem kicked in.
He also berated me for posting the SEC piece on shorts in QMNM. Sent me an email about it. Was nice about it, but I thought QMNM discussion was about the MM shorts and thought it was appropriate.
It can't be that difficult to set up a similar site using the same FREE software he used. It says at the bottom http://www.simplemachines.org/ simple machines. All we need is a place to host it.
Anyway, I think that he was going overboard, and the fact that he deleted the posts only points to his guilt. What a power trip!
Joe's a good guy. Period. That's all I need to know.
As far as QMNM - penny stocks, I view these as hero or zero. To me this one's a really good play; at 300k shares, I'm in for ~$7k - I can live with losing that. I can also live with it going to .50, or even a buck. :)
If you get a little shaken, put some good music on (I'm listening to Lightning Crashes by LIVE) and remind yourself it's only a small part of your portfolio (at least it should be)!!
I'm kinda drunk too...so if there are typos I probably am not noticing them.
hey lat (or anyone else) do you have a recommendation as to what percentage of one's portfolio you think it'd be safe to have invested in a penny like this? just curious as to your opinions...
5% of your account is enough. 10% if you've got brass ones and can stomach eating a loss real quick...
It's really a risk/reward balance. If I were trading with say a 25k account, I'd have between 50k and 100k shares. (5% and 10% respectively).
You can always swing for the fences, but if you lose more than say 10% of your account, you have to bust ass just to get it back (i.e. you're not making JUST 10% to get back to break even)
Gotta sleep now...wanna play the premarket tomorrow am. ;)
11 comments:
Talk with you then bud!
Going for a run right now - I'll be in this evening though...was supposed to go out tonight but plans fell through...blah.
Joe, whats your take on Eugene selling 1.37million shares??
i'm curious what your thoughts are too. has me pretty damn nervous. i'd like to stay in, but if this whole thing is a bust for some reason, better get out before we take more than a 50% loss. but i could just be paranoid.
Joe,
too bad about the forum....seems like a mirage now. I for one am interested in sharing money making ideas. No BS just results. Thanks for sharing, regardless of format.
The sale of 1.3Mil shares leads to booking of about $30k.
That's really not much money. I'm sure if it were a scam, he could have got this thing a lot higher and made a LOT more before cashing out some shares...
JMO.
yeah, i did the math too, and then thought the same thing. i'm sure that tomorrow someone will call him and the conversation will get reported on the yahoo board or something. it's see easy to over-react with this stock.
hey lat, have you talked to joe? how's he doing? i don't really know all that happened, but from what i read before things got deleted, it all seemed pretty shitty. i'm trying to stay neutral, but people on that forum are not acting respectfully at all. but again, i don't know exactly all that went down. such a shame.
Joe, that just plain sucked what happened. I was on dialup today and couldn't get it going fast, but I saw your last exchange. I went to look up the comments and it was all erased by the time 56k modem kicked in.
He also berated me for posting the SEC piece on shorts in QMNM. Sent me an email about it. Was nice about it, but I thought QMNM discussion was about the MM shorts and thought it was appropriate.
It can't be that difficult to set up a similar site using the same FREE software he used. It says at the bottom http://www.simplemachines.org/ simple machines. All we need is a place to host it.
Anyway, I think that he was going overboard, and the fact that he deleted the posts only points to his guilt. What a power trip!
Joe's a good guy. Period.
That's all I need to know.
As far as QMNM - penny stocks, I view these as hero or zero. To me this one's a really good play; at 300k shares, I'm in for ~$7k - I can live with losing that. I can also live with it going to .50, or even a buck. :)
If you get a little shaken, put some good music on (I'm listening to Lightning Crashes by LIVE) and remind yourself it's only a small part of your portfolio (at least it should be)!!
I'm kinda drunk too...so if there are typos I probably am not noticing them.
hey lat (or anyone else) do you have a recommendation as to what percentage of one's portfolio you think it'd be safe to have invested in a penny like this? just curious as to your opinions...
5% of your account is enough.
10% if you've got brass ones and can stomach eating a loss real quick...
It's really a risk/reward balance. If I were trading with say a 25k account, I'd have between 50k and 100k shares.
(5% and 10% respectively).
You can always swing for the fences, but if you lose more than say 10% of your account, you have to bust ass just to get it back (i.e. you're not making JUST 10% to get back to break even)
Gotta sleep now...wanna play the premarket tomorrow am. ;)
Damn it all missed a quad last 48hrs BKUNA
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