In short, he said “this is the wrong audience for you”…in regards to me commenting on his TechCrunch blog
That was a few weeks ago and yet it stuck in my mind because I never think about who my audience is, I feel like EVERYONE IN THE ENTIRE WORLD, even little Somali children covered in flies, should want to learn how to make a few hundred or thousand dollars when the opportunity presents itself.
Right?
(Seriously, we shipped a PennyStocking Part Deux DVD to Somalia, I hope the probable profits feed an entire village)
For some reason, I don’t think PennyStocking is that complicated, I just gotta get people to understand that 99.9%–read ALL-stocks under $5 are failing, miserable, desperate schemes who jump at the chance to pump their stocks and raise capital in order to survive/grow.
You can profit from that desperation by waiting for them to hype/manipulate their stock higher by buying into the hype (I’ve never been good at that, I’m too cynical….but if there’s a true perfect breakout, picture IPIX and ISCO from my original PennyStocking DVD, it’s tough not to profit nicely and quickly) and short selling into their inevitable fades into oblivion (then it’s just a question of getting in at times when you don’t risk getting squeezed and more importantly, find shares to short!)
I feel like whether you’re a strung out heroin addict, poor college student, ugly/nerdy tech geek, over-fed lawyer, bored housewife, sketchy used car salesmen, strong lumberjack, fat trucker, STD-giving womanizer, superficial gold-digger, normal person, person not fitting any stereotype, etc. you can learn to trade penny stocks in a disciplined manner.
Because unlike most trading strategies, PennyStocking isn’t about trading every day or week, you just gotta for the hype/manipulation to present itself, the rest of the time you can go on living your lives as if you never knew about such a high probability money-making strategy.
(TIMalerts will surely keep you in the loop as it’s my job to be-on-the-ball every day for potential trades)
Michael Arrington is no longer blogging—he got too fed up with his own audience (he got spit on, boooo hoooo, survival of the fittest you little bitch!)—and I promise you, no matter who spits on me, or worse, I will not stop blogging/teaching/detailing my trades for ALL to see no matter who you are.
