During this past days trading we all must remain aware that when the last pp was released there were a number of board members who sold a good amount of their shares.
The reason they did this of course is because they, in there wisdom thought incorrectly that the PP would be a negative and push the sp down below 3 dollars.
Their scheme did not work. As you all will recall, the sp held up well. Consequently, these posters lost a lot of money.
This is why everyone on the board is noticing some negativism among some of our members. I call it whining!
There are others who refuse to whine about the error of their ways so they just don't post. These are good traders.
This is a good lesson for newbies and every other trader who wants to play with fire. You do not day trade during these tumultuous times unless you don't care if you get shut out.
There are a few on this board who just idolize the day traders. Day traders are, for the most part, good investors but let me caution you. Before you decide to follow someone be sure you have vetted them well. Be sure they shoot straight from the shoulder or you could wind up losing like a few on this board. Short of shares!
I'm sorry they lost money but it was their decision. I might suggest that it just might not be a good idea to day trade with so many NRs to come.
The mistake they made is in the intrerpretation of the release. They thought we'd hate it. The ones crying about it are, in all probability the ones who lost. The more they whine, the more they will have lost. I am sure the board will have no problems picking out some of these people. If you like them and their posts i would suggest going a little easy on them today. It really hurts to lose so much at once.
The sad part of this story is the GREED factor. I submit that many of these daytraders had already averaged down and were accumulating so there was a lot of money involved and no reason to day trade at a time like this other than GREED.
Good morning QQ. I had a dream about you MC'ing that conference...:)....the sky is the limit for you.
Most of you are aware I don't pull any punches . I tell it like it is. I know my style hurts to read sometime, but that the way it is.
Good Luck to everyone today! Be careful with your decision making. A win here going long could alter many of our lives for the good.