Saturday, June 12, 2010

Newbie Fever

I've avoided posting any Empire Avenue picks in awhile, mostly due to
a sign of more and more 'Newbie Fever' with new investors and seasoned
investors alike.  Basically, investors would only invest in someone when their stock price was as close as possible to the 'starting' stock price, 10.000, up to, say, 11 or possibly 12.  Then, they would hold the stock in that newbie until the person hit 17, widely regarded as the point were a new player would start a free-for-all drop as investors keep selling them off.  I never liked it for several reasons, besides the obvious frustration the new player experiences, it depends on you keeping a close eye on all the stock prices, so you can be one of the first people to sell off that stock (continued soon).