So that's why some of you don't have stars. I thought maybe ones without stars were moderators or something. Come to think of it, are there any moderators for this message board???
Posts: 144 | From: Minnesota | Registered: Jan 2006
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IMO no one on these boards are any kind of an expert on penny stocks. No one in the universe is an expert on penny stocks. 90% of picking a good micro penny/penny stock is luck. If we were experts. We would not have missed all the little micro pennies that have ran up 3-10,000 percent or higher. We did not even find out about them until after the fact.
Posts: 675 | Registered: Dec 2005
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Money, you get my vote for raising the topic.
With such diverse trading styles here it's hard to recommend anything to any one, let alone a newbe. I don't know if you were around when Dardadog was a regular, but at times he posted so fast he was In and Out, and you'd still be put'n down yer coffee to look up what he was talking about.
Lots of big names don't post any more and I think ((there you go thinkin again stupid)) its because of a few picks that didn't work out. They take flack they don't need from people not up to speed and that's it...... Who needs that chit..... They make money and don't need to take krap from any body. No doubt the under ground message board is going long and strong.
My first few ventures into the market were good, and then disaster struck. That pick came from a "relative". He's still five stars to me, but we don't talk about THAT one. For that reason I never got into posting. I am learning to make money but never wanted one of my picks to loose someone else's savings. More newbes play their rent money than you think.
There are many people Here with a Lot of Valuable Info, more so than any other board. People just have to spend time here and get to know their styles.
Hang on a second. ......................... OK i'm back
For newbes it's hard. They have been "taught" by "someone" how the market works and how to "Make Money". They come here, or any where, and start to follow the Most Popular, the Most Mentioned people on what ever board they are on and EXPECT \ HOPE to make money. Even experienced people tend to be followers from time to time. Why not? And you may trust names you see more often.
Money, you bring up a very good point my friend.
From what I have seen, this is the best board for structure, format and level headed traders there is. For me anyway.
Jus be needen a Spell\Gwammer check button in dat emty place bellow and to da wight of da message box, ah.
I love this place!
Oh, I also don't post much due to the fact it takes me to long to put this chit on paper!
While I was formulating what to say,...................Keithsan got Lucky
Five stars to you Sir.
Posts: 105 | From: Toronto | Registered: Nov 2005
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the star-rating thing is hit-or-miss. some of the top posters here like keithsan and Purl when she's around do have great ratings, and one could learn quite a lot from them. but also some other very good posters here have been unfairly downgraded imho. for example, because will sometimes speaks out against what i call "scam stocks", holders of those stocks can get irked at him and downgrade him, even if he's 100% correct in his concerns about said scam stocks. i ignore star ratings, but if you're of a mind to pay attention to them - at least take them with a grain of salt.
as for the "luck" thing: it certainly plays an element, but - over long time spans and lots of picks, it gets somewhat factored out imho. if one jumps around randomly and for example bought MLON or CMKX way up near the peaks despite all the warning signs: that's not "bad luck" when they crashed - that's poor DD and bad judgement. on the other hand, one can buy a series of perfectly good stocks, for very valid reasons, and still have them go do down on average; for example if a series of deals fall through or whatever reason. that might be considered at least in part "bad luck", or at least "the odds going against you".
i dont' view for example purl and keithsan's succeses in the market as "lucky". i view the market in terms of "trying to set up an array of promising risk/reward curves in your holdings". though a combination of good DD, reasoned decisions, good instincts in particularly in keithsan's case a good "system"; they have on average done quite well.
luck may play a part in individual holdings: for example maybe a few stocks did much better than they hoped, maybe a few went south even though all of their reasons for buying were very valid. if you have enough holdings over a long enough period of time, luck tends to average out and - on balance - skill and quality picks takes over the statistics of the equation.
really one also has to consider "styles", when trying to decide what input on this board might be helpful. dardadog is the master of the "10-minute hold", keithsan day-to-week holds, purl relatively long holds, etc.. lots of times i'm out of the office for a whole week at a time, so it's harder for me to follow say keith and darda's picks because they require more short-term attention during market hours.
Posts: 1698 | Registered: Mar 2004
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To mirror Blue's post, there's one scamster in particular who returns time and again with new aliases and followers--he positively *lusts* after stars and has his followers not only pump each others' ratings but also whack anyone who questions their pump n dump activities...
kinda reminds me of Dr Seuss:
quote:Now, the Star-Belly Sneetches had bellies with stars.
The Plain-Belly Sneetches had none upon thars.
Those stars weren't so big. They were really so small you might think such a thing wouldn't matter at all . . .
It's relatively easy to read the various threads and learn who is and can be trusted; that being said, trust *no one* till it's clear, and even then don't buy sumpin just cuz so-and-so mentions it...
I really like the idea Dustoff. That would be a great system if it could be.
Allstocks needs some type of system that tracks the picks as soon as they are posted and in which this happens over a period of time. When the period is over, say a few weeks or a month, then the computer system will state the facts and show the truth of picks generated. Plus competition is always a blast.
I watched Allstocks for a few months before even becoming a member and tried to keep a tract record and I have to say I am mucho grande up in the dough.
I just feel bad for newbies coming in here and throwing all they have in something that is totally worthless and dying. But then again, if they do no DD they might deserve it.
ALLSTOCKS is the place to be!!
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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As Dusty points out, "ratings" cover broader areas than "picks." A coupla quick examples: Magnetic works his butt off maintaining the "splits" notification thread, yet rarely announces a pick (if he does, though--pay attention, lol); Ric rarely "picks," but what a font of knowledge...
If ratings were to somehow really "matter," they should have multi-stars that are virtually locked...Posters Emeritus, if you will