OZM. Can I remind folks that it jumped up from 4c to 20c with no...

  1. 32,563 Posts.
    OZM. Can I remind folks that it jumped up from 4c to 20c with no news except that it had acquired a lithium project in Brazil. Was never a safe trade over 4c. A bit of hype trade was possible, but safe trading is the name of the game. Altho I don't see much evidence of that on here. lol

    Same applies to nearly every one of the stocks that is getting spruiked on here.

    Once stocks have rolled over from the initial hype and entered into the death spiral it's best to leave them well alone. They may well present a bounce opp after they have crashed if the chart and volume is OK.

    It's not that hard to make $$$s trading stocks, but it's way easier to lose $$$s.

    Get some concept of risk into deciding what you trade.

    And don't get any encouragement from the peeps on here trying to convince you to buy certain stocks. Put them on ignore and do your own assessment. It's the only way.
 
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