This is for new investors ONLY....some adviceI've only been investing for about 6 years, and have gotten stung really bad by the SH pumpers of a stock. I stopped listening to them a couple of years back and since then have made some really great decisions on my OWN.
It's human nature to believe the pumpers on a stock board. Everyone has that dream of making it big on just that ONE stock. And you can't help yourself. You believe what the pumpers are telling you, because I think many people who come here aren't professional investors, but rather the average hard-working Joe who is looking to pay off that mortgage or get out of debt. So you WANT to listen to "good" advice that makes you hopeful, not 'depressing' advice that is telling you to sell your shares.
Here's the most commonly used comments to get you to hang on to your shares or buy more:
1) Tree shaking -- when the sp plummets, the pumpers will tell you it's just the big boys trying to spook you and get your shares.
2) Just wait until the (choose one) AGM....Next quarterly financials...Next test results...Next news release...next full moon...next Shuttle launch....it's ALWAYS "wait for something" and the sp will take off
3) When the sp plummets after what sounds like a good news release, the pumpers will say, "it's just the profit takers. Use this time to buy more!!" or "I just bought another 20,000 shares!! You'd be crazy not to take advantage of the low sp."
DO NOT LISTEN TO THESE GUYS! I'm not an expert, by any means, but I've been hovering around SH boards for years now. And I've been taken bad, by guys who buddy up to you and make you think that they just want to share their years of advice and take you under their wing. They want to spread the joy!
What I've discovered is that if you listen to the bashers, you'll make more money than if you listen to the pumpers. That's what's worked for me. Many of my stocks that I've done well on, I didn't listen to ANYONE and went with my own instincts and research.
However, lately, I've started paying attention to what the so-called bashers are saying. Georgesoreloser has been giving great advice on this stock and has been warning about this drop in sp for a while. So I sold most of my shares when the news release came out on the 3 patients about 10 days ago. I sold more yesterday before the financials came out today.
Now I'm laughing at the pumpers who are saying, "Well just wait until July / September / December and the sp will shoot right back up." Or "Let's see what Roger says at the AGM" or "In another 18 months, this sp will just be a bad memory."
Don't listen to these guys. They're full of shyte. Don't be taken in by their seeming knowledge of medical procedures or the history of this company or anything else that makes you think they know what they're talking about. It's all a scam.
So my advice to you newbies, is listen to the "bashers", not the pumpers. And for all of you scam artists who are going to jump all over me for voicing my opinion and warning the little guy about what you're really all about??? @#$% !@ @$%^ !!!