Over the last week I learned a few valuable lessons, and came to the conclusion that CNBC is full of S@#*%!! I have 7,000 in my account and trade pennystocks, and broke a few rules… I bought 750 shares of a real company and held for a week. I'm scared to hold for an hour but yet I went along and held a stock for a week. Fast money was pumping it and I thought it was a good play. Turns out EMC is a piece of crap and so is the Fast Money crew.. I bought EMC at $15.54 on a Thursday DURING AFTER HOURS!!! I thought with all the news and the pumping it would hit $18 a share. I went to bed praying it would hit $18. The next day I was down a small $300 and thought I would let it run.. I let it run alright I held over the weekend and watch this crappy thing drop and then rebound.. for some reason I was stubborn, I was reassuring myself with the message boards people saying it would hit $18.
On 8/5 EMC was having conference about some new software and I thought on Tuesday it would sky rocket.. well I was wrong!!! It just dropped!! WTF this turd of a company cant even break $15 and I think it will hit $18. Don’t play real companies, and stay disciplined… I broke all of the rules and relized we all make mistakes but we must learn from them!! Turns out CNBC is full of liers, and pumpers.. Cramer pumps stocks, Fast Money are just full of S*%#, and real companies SUCK!!! So taking a $1,000 loss isn’t the end of the world but knowing you could of controlled the loss SUCKS! So now i need to concentrate on pennystocks. I sold EMC at $14.20 and is now rebounding as I write this but what the hell… All I can say is STICK TO PENNYSTOCKS, and CNBC IS FULL OF S&*^!!
R.I.P Lehman Brothers!!
Friday, August 8, 2008
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check this out on youtube, it talks about cramer and cnbc you may find it interesting and a good laugh http://www.youtube.com/watch?v=ytEj2RTrAEw
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