It was a long time coming, but I wrote 2 new article for AOL Finance…
One just has some basic tips for traders…and basic—as positive reviews and booming sales of my original PennyStocking DVD have confirmed–is definitely what many of you need when it comes to trading.
The fact is too many snakeoil salesmen—people who don’t even trade or refuse to share their trades/track-records/don’t blog/don’t allow comments on their blog for fear of what people will say, yeah you scumbags, I’m gonna take all of you down!!!—have come up with preposterously complicated trading rules that are just total BS. The writing in this post is fit for a 6-year-old and that’s why AOL featured this one on their homepage and the thing got 50,000 page views.
My other article was full of cynicism—another trait lacking in most wannabe traders—in regards to Obama’s FAKE AS PAMELA ANDERSON inaugural speech (like Pamela, if you don’t think too much about it and go with what you see/hear, you like/love it, but if you think about what goes on behind the scenes to come up with such superficiality, you’re disgusted)
Not surprisingly, it wasn’t featured on AOL homepage. Below are some highlights, but click HERE to read the whole thing:
1. When I Twittered that Obama’s speech was just propaganda and that my readers would be better served by focusing on bettering themselves, it inspired a 40+ comment chain on my Facebook profile. The lesson here is that people become very attached to their beliefs, like their stocks, no matter what any naysayer thinks, and many still believe in “quality investments” like Google Inc (NASDAQ: GOOG), General Electric Co. (NYSE: GE) and Goldman Sachs Group (NYSE: GS), each now down more than 50% in just a few months.
2. Propaganda works only for so long before it backfires — Obama better come through on what he says or it’ll be just another case of the “Steve Jobs is fine” rhetoric that has proven false and now taken down Apple Inc. (NASDAQ: AAPL), which has just broken through the key $80 support I talked about recently. That may make it a great technical short for aggressive traders, but not for me; I’m a conservative short selling penny stock day trader.
Tags: AOL, Guest Posts
