When I write posts like this, like an environmental activist, although overwhelmingly right and logical, I know I’m fighting a losing battle…
Because while I focus on volatile stocks that are great to buy and short–literally every single poor person in the world should be playing the kinds of stocks and chart patterns I detail in PennyStocking–these three corporate irrelevance continue getting the most press/hype/chatter/media hits….and it won’t stop because its good for this joke of an industry–media $, commission $, loss of investor/trader $….same old, same old, disgusting…but I can and will try to break this useless cycle.
Because, like nuclear dumping in residential neighborhoods, all this attention on these boring boring boring stocks needs to stop, c’mon, think about the children!
Let’s consider exactly why I say this:
1. Nearly trader and hedge fund in the world has looked at or traded these stocks, you reading this are poor and inefficient, you can’t compete with these rich bastards.
2. These rich bastards make the majority of their in management fees, not trading gains–especially considering how bad most traders truly are, remember, remember 9 out of 10 traders lose $, for the pros I’d guess its 6 or 7 out of 10…pathetic–so even though they’re infinitely better than you, they still suck aka you really suck if you trade these stocks!
3. While all of the above are good for scalping–a practice I’ll never recommend–they haven’t budged bigtime-%-wise in months! PennyStocking -type stocks move 20-100%+/day, it’s amazing that sooooooo many poor people wanna play stocks that will make or lose them $20/week max….AAPL past $100 or below $85, wooo hooo, 5-10% gain possible either way in the next few weeks….gimme a beak, zzzzzzzzzzzzzz!
4. The companies are analyzed to death–even though ANALysts are some of the biggest morons you’ll ever meet as evidenced by this ridiculously wrong price target on SIRI set just a few months ago…(be sure to contact these guys, if they still have jobs and please do let them know how hilarious their joke of an analysis was: Tony Wible, CFA
+1-212-816-3732
w.a.wible@citi.com
Leo Kulp, CFA
leo.kulp@citi.com
Albert Lui
albert.lui@citi.com
See Appendix A-1 for Analyst Certification and important disclosures.
Buy/Speculative 1S
Price (13 Aug 08) US$1.38
Target price US$6.50
Expected share price return 371.0%)
5. Everyone talks about their products and CEOs’ health, still none of that matters in any big way to stock price…it’s HILARIOUS that people try to say they can predict 1, 2 and even 4-5% price moves on these stocks….this is like friggin Vegas/OTB betting, you’re all degenerate gamblers!
Tags: Guessing Games, idiots
