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OK you asked for it, here it is!! Post your BB (Bad Boy) tales of woe, misfires and misplaced trust here.
I'll start it off...
GRYF - actually believed that a used car lot in Canada was the next CarMax. Left holding bag with quarter of a million shares and no one to blame but myself. Sigh...
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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SCRH- Got caught in the reverse split. like 2 years ago. Thats what I get for investing in a strip club!!!
Posts: 119 | From: Attleboro,MA USA | Registered: Nov 2004
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ABZT- got a call from EquityLInk (or someone who used to work there I guess) Asked me how PLNI was doing. Told me I should sell all my PLNI and buy ABZT..Said they had some kind of deal going with Google. Told me it would be at .25 by end of July. I bought at .05...now at .025. Said he would call me back in about 3 weeks...Guess what No Call. Still waiting to get out.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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ATHM At Home burnt me bad. Went bankrupt, folded tent and sold off assets to pay debt. Still have shares setting in account with no symbol or value.
THTHF (now THPHF), SSWH (now AMVS) - dilution and r/s. Got lucky and sold AFRT before it got me.
Holding GZFX too long thinking it would be the next Netflix while they diluted shares and Walmart and blockbuster got in.
Just holding pennies long in general was a life lesson that all who play this market seem to have to learn themselves. They or me back then refuse to listen to veterans. 5 years in the penny market and 2 years on this board and it took most of that time to learn my lesson. Buy low, sell high. Never hold a penny long and never look back. I would rather take a 50% gain and miss a 100% run then hold long and lose it all.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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quote:Originally posted by Ric: 5 years in the penny market and 2 years on this board and it took most of that time to learn my lesson. Buy low, sell high. Never hold a penny long and never look back. I would rather take a 50% gain and miss a 100% run then hold long and lose it all.
As a first year trader...Amen to that!!
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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That would also be GRYF for me. I'm stuck with 1 millions shares that I could have sold with 20% profit in 3 days... Thought it would go higher, got greedy and now even though the suspension is lifted, MMs don't issue L2 quotes.
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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WFTV/WTVN: Biggest SCAM on the face of the earth (and I really mean it!) ROFLMAO!!! Alex Kanilaunderyourmoney (or whatever his name is) should be burned at the stake for all the misery he's wrought!
PDVN (now PDIV)... someone pumped it here on allstocks saying it would rebound, I e-mailed IR and they told me that good things were happening with the company, next thing I know they announce a R/S leaving me with a 60% loss!
Posts: 415 | Registered: May 2005
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i was in wftv for 2weeks was down 30% sold and it was the best move i ever made in penny's i consider myself lucky and i learned a lesson don't be long in penny's the one or two times it may work out good is not worth all the failures
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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all this posting and not 1 GVRP? Well Im one of the few that Etrade wouldnt let out of it. If it looks to good to be true.............IT IS!
-------------------- Never underestimate the power of stupid people in large groups. Posts: 222 | From: Southaven, Ms. | Registered: May 2005
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quote:Originally posted by DirtyDealer1123: all this posting and not 1 GVRP? Well Im one of the few that Etrade wouldnt let out of it. If it looks to good to be true.............IT IS!
I had GVRP as the winner of the year. Also I do not think CNES is a scam.
Hey let's do not for CMKX......
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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Well I musta been the only dummy on this one. UDVE. had $1500. investment in UDVE and now have a $4.50 investment in MDGM or something like that.
-------------------- "There is only one good, knowledge, and one evil, ignorance" (Socrates, 470-399 BC) Posts: 406 | From: Michigan | Registered: Jul 2005
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Ah, memories. Had something like $250,000 invested in HOUSE, which did a reverse merger into WIFE and shortly thereafter filed a form 10-SPLIT. Feel very fortunate to have survived it all with a couple of shares of NADS still intact. Those are not for sale.
-------------------- Just my rusty opinion. Your own Due Diligence is KEY! Posts: 102 | Registered: Jul 2005
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quote:Originally posted by DirtyDealer1123: all this posting and not 1 GVRP? Well Im one of the few that Etrade wouldnt let out of it. If it looks to good to be true.............IT IS!
lol, Dealer, our investments pale compared to some of these wretched deals...I lost waaaay more on WFTV than on GVRP/MAMG. The difference? They were clearly out to defraud, and were warned mulitiple times, as was the NASD, and the TA and--by me personally--the SEC, on the Friday before the largest single-day trade volume in recent history, as far as I know. Since then? An exercise in oligarchy...
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It seems to be a close race between GVRP and WFTV for the Bad Boy of the year. (though the pain is aided by the amount a particular victim got burnt)
What I find strange in all of these cases is that there was ALWAYS a voice of reason crying in the wilderness..."SCAM", but few followed the advice. Hmm....
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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GVRP is the poster child for corruption/weak reg enforcement, but very few "loaded up" on it--we simply want to see the rules & regs followed. Otherwise? There *are* no rules...
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Im one of teh UDVE guys, and no I dont wanna post. But yes I lost more on WFTV, but took it better than I did GVRP.
-------------------- Never underestimate the power of stupid people in large groups. Posts: 222 | From: Southaven, Ms. | Registered: May 2005
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But, after hours? also enable your gov't to clean up the mess by emabarking on a five-year plan to explain to your legislators every PHUKKED UP THANG in the market...
every week, send a letter or e-mail or make a phone call.
Five years? Heck, that ain't so long--I've given spouses that long to shape up
posted
folks the scam of this decade has to be CMKX...800 billion a/s & a 703 billion o/s??? nobody even comes close. heck a few r/s's would have done less damage...lol. at least then you have a shot at getting something back on a run after the r/s but to just print shares so fast you have to increase the a/s because you sold more shares then the a/s was??? gonna be hard to top the balls that took.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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UDVE/MDGM and GRYF were owned by the same guy.
MDGM went fron 20 MM shares to 44 MM after their audit...Stay away from this guy Robert Doherty, president of United Development International. Seems like he is a crook
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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you got that for sure george i read the udve post here and what he did to those investor's he should be doing time for his misdeeds imho
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by dingbat: Ah, memories. Had something like $250,000 invested in HOUSE, which did a reverse merger into WIFE and shortly thereafter filed a form 10-SPLIT. Feel very fortunate to have survived it all with a couple of shares of NADS still intact. Those are not for sale.
Oh my....How'd I miss this....Very funny....Or not, sorry. Glad you're still holding your NADS..
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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quote:Originally posted by dingbat: Ah, memories. Had something like $250,000 invested in HOUSE, which did a reverse merger into WIFE and shortly thereafter filed a form 10-SPLIT. Feel very fortunate to have survived it all with a couple of shares of NADS still intact. Those are not for sale.
Oh my....How'd I miss this....Very funny....Or not, sorry. Glad you're still holding your NADS.. [/QUOTE]
I heard that NADS was a 2 for 1 r/s situation if you get the wrong WIFE.(?)
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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