Experts and Millionaires
It amazes me just how many millionaires, analysts and pro traders are up to their asses in penny stock shares. Look around at a dozen active stockhouse sites and will find them assisting us poor regular folks in how to trade. At the current level of the T-VSE maybe a dozen of them should get together and run the exchange.
Yes some players have been around a long time and know “more than they tend to share” but on occasion these individuals will pass on valuable information. Don’t waste your time trying to prove you are smartest kid on block.
A valuable lesson learned early by long term, high risk, investors is not to allow emotions to control their trades. However with that said even the best traders will fall victim to emotional decisions at times.
The exchange has some relatively honest folks behind the scene that truly hope to create valve for their investor’s. However there are also a fair number who are in it with a priority for increasing personnel wealth. The latter are often experts on exchange regulations and how to push the rules as far as they can without breaking them. Often it is a very fine line these individuals walk.
The exchange has second and even third generation family members brought up on how to increase personnel wealth within the confines of the exchange rules. Creating short term investor value is on their list but long term value is somewhat unimportant as the big money is often made on the seed investment.
I read an article in a Vancouver paper on a family invloved, a very long term, with the T-VSE exchange a while back. The article began with a quote stating:“ Shots fired into Vancouver Promoter’s Home” It went on make inferences that the perpetrator was likely a disgruntled investor. Then the article made reference to the huge salaries and massive bonuses paid to family as insiders and corporate officers. One statement even said that the daughter of said company was the highest paid corporate secretary on the exchange. The stock is currently down over 90% from its high and I will be surprised if it survives another year before a rollback and name change.
Let me make it clear I am making no claims of impropriety on the part of said family only reiterating excerpts from the article in question. I may have met with one of the above family members, in a past life, athough I would not swear to that fact.
If I wanted to manipulate a stock on stockhouse I would create both, Pumper and Basher alias. If my intention was to push the price down let the basher overall win the arguments. If I wanted the price up the reverse is true.
If you can accept the “high” risk in this possible discovery, invest only what you can afford to lose. If you cannot accept a loss on your investment, then move on with the best of luck.
Beware of newly joined so called experts!
Good trading
PS: Bull is now on my ignore list and the first in a very long time. I believe he is not who he implies he is and that is enough for me.
We seek safe harbor