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NLST - Hurricane Stocks postition now into Sep/Oct
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[QUOTE]Originally posted by Purl Gurl: [QB] Couple of years back I made a killing on the Mad Cow bandwagon. Same time period, I made a killing on the RFID bandwagon. I think RFID means Radio Frequency Identification Device. No matter. For both bandwagons, because of my now over twenty years experience trading stocks, I knew not to hold too long. Length of time to hold, whether an hour or a month, for bandwagon stocks, can only be safely judged and not truly all that safely, this can only be judged based on long direct experience in trading stocks. Are you reading for comprehension? You can only judge what a bandwagon stock will do based on years and years of experience. Why you cannot safely judge entry points and exit points, along with timing of those, is there are no rules, no forces which control bandwagon stocks. You cannot chart these, you cannot apply fundamentals, you cannot make use of any tools to develop a prediction. Bandwagon stocks are strictly controlled by concensus trader perception which is extremely volatile and unpredictable. At any given moment, should two, maybe three traders decide to profit take, this will snowball into a massive crash. You cannot predict when this will happen. One point can be made safely. Bandwagons almost never come around again. Bandwagons travel in one direction, to the vanishing point. This Mad Cow bandwagon has not and will not ever come around again. This RFID bandwagon has not and will not ever come around again. The Hurricane bandwagon has not and will not ever come around again. Readers are to make careful note of my usage of the expression "bandwagon" which classifies stocks into a very strict category. My discussion does not apply to all stocks nor in general. Bandwagon stocks are alone in status and have absolutely nothing to do with pumping. Mad Cow, RFID, Hurricane, years past, were not pumped, never pumped. Some traders, a lot of traders, realized naive traders would start buying those stocks based on a faulty assumption companies would enjoy sudden and great revenues because of an unexpected high product demand. Never happened (almost never happened). A bandwagon stock is not a pumped stock. These hurricane stocks are pure pump and dump. Those stocks are not bandwagon stocks. These pump and dump stocks will exhibit all the very classic behaviors expected; bubble, burst, crash. Readers do not need a lot of experience to know what a pump and dump stock will do. This is very common knowledge, so much so, articles are found on the SEC website warning about pump and dump. You have no excuse for suckering into a pump and dump stock. Information is everywhere, warnings are everywhere. You have no excuse. Should I write, "I told you so" this is because you acted stupidly and lost your money. You deserve to have this rubbed in your face. Predicting behavior of pump and dump stocks, you cannot do this. There are no rules just like there are no rules for bandwagon stocks. Bandwagon stocks are safer. These stocks do not crash as fast affording you a chance to get out. Pump and dump stocks can lose almost one-hundred percent of value in literally five minutes. Bandwagon stocks are based on a wide perception of increased revenues due to accelerated demand. No deceit is involved. Bandwagon stocks are simply a lot of people fooling _themselves_ into a false belief. Pump and dump stocks are based on pure deceit. These are stocks about which thousands of people simply lie, defraud, con and scam. Pump and dump is a criminal activity and many are prosecuted for pump and dump activities. Pump and dump is outright crime. This is why these types of stocks will crash severely in literally minutes; the criminals have robbed you and are running like crazy to make good their escape. Should you sucker for a pump and dump then whine and cry, I will write, "I told you so." Playing pump and dump stocks is for professional seasoned traders only, and when they do so, if ethical, this is done with regret. They are aware a lot of people are being victimized and they are going along for the ride to profit. In a sense, those who do play pump and dump stocks, are aiding and abetting financial crime against our hard working American families. I do not play pump and dump stocks. I will not filthy myself by stealing from American families. Purl Gurl [/QB][/QUOTE]
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