1. I do buy stocks, but only when they’re breaking out…slim to none in this market environment.
2. Of course you can short stocks under $5, the brokers that say you can’t just suck…namely Scottrade…I use and recommend Thinkorswim…Interactive Brokers & SpeedTrader are also ideal for PennyStocking.
3. I don’t know nor do I care where the market goes, I stay fully liquid and take it one pump at a time.
4. I do believe the vast majority of small companies, those who run them, cover them or invest in them, to be complete morons. This is base don years and years of experience and research. Anybody with the slightest bit of brainpower has a competitive advantage down here in the gutter. It’s like playing basketball against midgets, mental midgets.
5. As much as I rip on the deceit and manipulation, I love these scummy bastards, without their incompetence, ignorance and pennant for trying to make big $ illegally, it wouldn’t be so easy for me to make small money legally.
6. I have no expectations as to profits (no matter that I’m up 209% in the last year), I try to think each trade as my last trade…that way I wait until the very last second when all the variables are perfect–so as to maximize my odds of success.
7. If you people have any questions whatsoever, understand my biz model makes me extremely pressed for time so I’ve created several multi-hour instructional DVDs to answer just about anything you can think of. I highly recommend you watch them before risking single penny in penny stocks as throwing money around blindly is just dangerous–this niche has many subtleties to it…the more you know!
