GREY:SWFCF - Post by User
Comment by
HotSnoton Jan 25, 2008 4:42pm
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Post# 14264785
RE: Please...
RE: Please...You would be alarmed at how many people actually do zero DD on a stock they buy. Thats why there are so many investment guru`s and dudes at the bank willing to give you "free" advice. Its really staggering how many dont. Ask around at work or where ever, if those investors really have a clue what they are buying and what it all means in the fillings and data, or if they have even read or heard of them.
As for this board and many other forums....stockhouse has one of the higher online followings because you dont need a membership to read all the postings. Its sad to say that hundreds or thousands of different investors login each week and many of them new to read up on a stock they heard about. If you perform a google search of a stock symbol a friend mentioned to you this site comes up in the search. Now compound how truely inept these people are and they read a particular stocks forum for a few messages and all they see is "5 cents soon" and run and save your money and blah blah blah. Its like TV to them they figure it must be real if its posted so many times so potential new investors shy away. Lets say 5 new potential investors a week visit SNO and after viewing all the negative sentiment on this board decide no to invest even a small amount in this company anymore of a few thousand dollars. 2k gets you 8k shares at these prices. 1250 gets you 5k. I use those figures because the demographic for people who inevitably end up in a penny stock from a referal is someone looking to make a quick buck with a small amount of cash and take a chance in doing it. So in one week we lose 5 investors cash of around 40k shares. This adds up over the weeks and months. I have no idea what the numbers are im just guessing. It could be more it could be less.
In any case thats why the bashers are here. Most of the "pumpers" only speakup when provoked by the bashers.
Lastly if you believe that a forum cant influence a stock price in the market your sorely mistaken. If news is posted....good or bad, on a given stock and 100 investors read the same sentiment and act based on a common thread or opinion posted on a SH forum....the stock most definitly moves. Some have alot of money some have only a few thousand but 100 investors on a penny stocks is ample enough to move a stock a noticeable amount.
This is why all the forum scamming occurs. The real pumping that bothers me personally is after a qaulity news release has occured...good or bad...the pumpers continue to say they are holding long and strong and wait till later in the day or give people a chance to digest it tonight and the whole time they are writing all those insightful pointers they are dumping and then buying back in cheaper or just getting out all together. What people say and what they do on this or any other board are 2 completely different things.
Its worse then politics and the government on here because its all nameless and faceless. Lie lies lies and hidden agenda's and motives. Believe what you want but people read it everyday and new people show up everyday who just are not bright. If someone acts as a pumper it doesnt mean they believe in this stock and if someone acts as a basher it doesnt mean they dont believe in the potential of this stock. Its just what they decided to do to get what they want. In any case i cant believe some of the regulars on here do this just for fun in their spare time. What kind of pathetic, meaningless life would that be to follow one board for a year and never ride the wave or pursue other stocks or investmens? It would be completely pointless and a waste of a human being. People dont act without reason. Everyone this board has one and everyone here wants something from this stock, otherwise they would just leave.
Everyone reading this right now had a first day they actually showed up to read a board and im pretty sure what they thought about these boards then, is not what they think about them now.