A contrarian vignette of sorts...on BIGM(Since this is a Quebec Co. ... I hope our French Canadian friends will excuse the attempt.)
“Big M”, my old ‘friend’, has 680 ignores and an interesting promo background. It is easy to check the archives. I thought I’d check out his flurry of recommended stocks in mid March just before he disappeared for many months. I have included his Mar. 16th post on RGX for some background color. Here is one of his last posts in March and then his ‘trading’ record since on most of the stocks he bragged about owning. He did well on 2 out of 13 that I bothered to check. Unfortunately, if you had purchased the other stocks he was promoting, you could have lost your shirt…especially if you waited a few months…down, down, down they went. Here is his first selected post:
“ADDED SOME GCU| posted on 3/16/2011 7:06:58 AM | reads: 218 | overall quality: 1
yesturday,my gift to you is simple, WDG TRR RVC AND GCU,if its gold your l
V.PRB “…
Record to date:
PRB: $1.70 down to $1.10in June to $2.45 today
WDG: went from $3.40 to $1.60 in July and then to $1.10 in Sept.
TRR dropped from $5 to $4 in the month;
RVC was $6 went to buyout at $10….ka ching.
GCU went from $3.40 to $2.20 in Aug.
RGX: went from .50 to .75 in April…to .45 today…and now he is bashing it?...after all the good progress and news?
Here is another Mar.16th pump post by him…being mean to 'Canada'…whilst picking another 7 stocks ever so brilliantly.
Mar.16 post on RGX: “oh please ali,give it a break will you?too much of anything is bad for you,canada7should keep his dd to himself,people are not stupid,like he is,he is married to this issue.plain and simple,most likely the only stock he owns,and thats why he and a few others are trying there best to keep the sp up,buy making many posts on rgx,these are free speaking fourm,good or bad, whats wrong on helping people, taking a huge hanger on argex,to find a better play,like the ones I own,T.CHM,T.CDH,V.WDG,V.TRR,V.RVC,V.CEV,V.TAO,V.CEX,T.CM,V.RGX,V.FNC,you see arab,the most dangerous poster is the pumper who has shares in just one issue,not to be trusted,he is looking at this play with blinkers on,cant see,whats gong on around the whole globe,be nimble my friends rgx has got along way to go,my advice to you trade it,dont go long just yet,more money in trading these spec plays.jmho
CHM: $2.80 down to .80 Oct…now $1.40
CDH: $6 down to $2 Oct…now $2.50
CEV: $1.40 down to .30 in Oct. to .80
TAO: $7:30 down to $5.60 in May…to $6.20 today
CEX: .33 down to .08 in Oct…to .14 today
CM: $82 down to $65 in Aug. to $74 today
FNC: .72 down to .16 Oct. to .33 today
Now we can see the trap he set for all those who may have purchased 11 out of the 13 stocks he boasted about….that were probably all shorted/ or naked shorted by his employer (which I hope is not himself). One can see why short term traders lose 95% of the time. But I wonder if BigM even holds any stock or if he just gets paid peanuts to mislead investors for an MM or other devious entity?
I really bugged him on the WDG site for pumping that thing mercilessly. And then suddenly, he was gone…changed identities to ? for months …and now back to “BIGM”.
Well, my conclusion is that BIGM is up to his usual BIG tricks again…and because he feigns to be a real trader (who must be losing BIG time judging from what I saw) ...whatever…
…my conclusion, which is only my opinion, and being a buy and hold investor, is that theodds against BIGM are at least 75%. I therefore conclude that he is an excellent contrarian indicator and will hold RGX long accordingly.