Secrets of the Penny Stock Game#7. LAW OF WAITING. The longer you wait, the greater your chances for failure. This applies to both holding a stock which is declining and to a stock which is running. The odds are greater than 90% against you..that you will fail in a speculaton, if you wait for it to recover or if you chase a stock which has already begun its run. Generally, a stock moves up in less than two weeks,often in two to five days. the share price. As beleivers stop believing,the share price declines, often never recovering. Of course, if one wants to wait forever, then eventually the stock may recover. The longer one waits during a runup, the smaller one's potential profits and the greater one's exposure to losses.(One important caveat; Occasionally, there are a few good deals --about 20 or 30 annually--when one SHOULD wait for the company to mature. Almost always, they come out of left field and, rarely, does anyone know in advance which company will become tommorows succes story.
#37. THE SECRET OF THE NEWSLETTER WRITTER. Any newsletter writer providing ongoing reportage on mining or small cap stocks has a vested intrest, whether disclosed or not . Someone is paying the freight and rarely is it the subscriber. (The writer either has a positon or is being paid or hopes to become "famous" by covering a specific stock.)Publishing a newsletter is an expensive proposition, with a high casualty rate. Look at wjich "popular" newsletters were published during the late 1960's or the early 80's and see if any are published today.