recently i have seen a lot of ads for software that claims to spot
upcoming two-baggers for you, out of a zillion or so "penny stocks"
"penny stocks" is an old term meaning very little.
another term is nasd:obb whch means the ticker meets some very small prereqs.
the usual only pre-re is that some mm will make the "market".
becuase once upon a time, not all that long ago, there were pink sheets,
there were blue sheets for pork, red sheets for beef,
pink sheets for thinly trded stocks, such stocks were called "pinks."
this program
http://makemoneyathomeadnetwork.com/link/24/
masked here to protect the guilty,
runs thousands of such stocks and does candlestick analysis on them.
candlestick analysis is the original t/a, invented in japan 200 years ago.
this program looks for breakouts.
it uses a central rlational database and sees what people choose to look at.
because of this, the owners are able to see who likes what.
this knowledge gves an edge that influences the chart.
i tested the software, and it had better than a random wall average.
just about every ticker it liked was a dog, whore stock, being run.
run by omebody who neded the momo to make a deal.
those who are fast enough on the trigger might be able to use it.
those who are not dead fast on the trigger may get run over by it.
many people offer to sell it to you.
that suggests to me the money is in the sale not the product.
that would be dd in action.
so what dd do u do?
peter lynch once said, if you don’t uderstand it-don’t own it.
is that true for your port?
Posted under business
This post was written by admin on October 23, 2008
