Axcell said:
Some people have inside info on promos that have been successful in the past and know which stocks will go green based on that promo's success in the past. My odds become better...
Do you have inside information to these stock promotions? I sure don't. Which is why I refuse to play the penny stock game - guys like cordoncordon have an advantage in pennies, cause they know who is promoting and when they will stop promoting. I don't. I have no edge. Therefore I do the smart thing and refuse to play their game.
This is the same reason why I refuse to play poker with Phil Hellmuth. He is infinitely times more knowledgable about the game than I am. I would simply be giving my money away for free if I were to play with him.
Trader said:
Exactly, which is why my initial point stands. Only trade penny stocks if you have an *in* with company management or the pool of pump and dumpers - a la cordoncordon.
My point is simple and uncontroversial. Only trade if you have an edge. If other players like cordoncordon have an edge in penny stocks, such as dialoguing with management or the penny stock manipulators, he has an edge, and you don't. This informational asymmetry makes this a losers game for you and me.
cordoncordon said:
And btw, I don't have an "in" with any company. Last thing I want to do is talk to these ceo's. They only tell you what you want to hear.
You definitely did claim to talk to CEOs in your other post
cordoncordon said:
Regarding HTLJ, I talked to the ceo today and there is a board member who was recently let go that is selling his shares. He and the company are not on good terms. Probably around 300,000 or so left for him to sell. Arrangements are trying to be made to buy all of them at once from this guy in a private placement. As soon as these shares are snapped up, it should run like the wind.
So which post of yours should I believe?
By the way, you definitely do have an *in* with the penny stock promoters, you acknowledged it yourself
cordoncordon said:
What I am hearing with VRAL is basically this:
1. A massive stealth promo, similar to the one that just ran TELK, is rumored to be starting. These are promos that fly under the radar and involve BUYING, not selling of stock. They arent used to dilute, as the people involved buy on the open market and trade with that. This type of promo will be used simply to take the stock higher, ala TELK the past week-even though you have heard nothing about it Smiley. (unless you were paying attention lol)
Another post where cordoncordon shows off his contacts and coordination with the penny stock pumpers and dumpers
cordoncordon said:
You must be a penny stock chaser fan. Both of those stocks you mentioned have been heavily promoted by them recently. I try and stay away from stocks AFTER they have been promoted, though I know the guy who is now trying to keep IDCN up, good guy, and we will see if he is successful. I know he is on vacation this week which is probably why it is down. Penny stock chaser has been hot since last year, though they are starting to lose some of their luster. Ive worked with them on a couple of stocks. (emphasis mine)
Of course you don't buy stocks after they have been promoted - that's so passe. That is for guys like Axcell and Oxide. You get in on the ground floor BEFORE the promotion starts.
You also acknowledge working with "penny stock chaser fan" on a "couple of stocks."
cordoncordon said:
FYI a penny play some may be interested in is BRNZ. CEO is an ex president at walmart, and they have some interesting products starting up. So its a legit company. Hearing a big push to get it close to $1.50 is coming VERY soon.
cordoncordon hears that a big push is coming soon, who is going to push the stock? of course it is the penny stock promoters he has connections with
cordoncordon said:
You've been complaining about my plays and *****ing about me since the get go. Tell me, Mr. great stock trader...how much coin have you banked in the past 6 months? Give us some picks!
With all your connections, of course you are making bank off of penny stocks.
But I will tell you exactly how much coin I have banked off of pennies in the last 6 months:
Zero.
Absolutely nothing.
If I were to have actually traded pennies and made money, now that would just be weird, considering I have no connections, no edge, no NOTHING.