Its Over

Originally posted by 1ronnie ↑

If you are a small cap newsletter subscriber like me, you have probably been inundated with many Buy Recommendations for potential growth stock wrapped either as an exponential stock, alpha stock, blockchain etc etc. And you wonder which to get in ?
My opinion is that you need to be very discerning - most have been good for just a day or a week and some several months.

If you had bought Zoono (ZNO) when it was recommended at 27c, you would have made handsomely when it rose to 49c a month later BUT only if you had sold. These smallcap tipsters never tell you when to sell (because that's the hard part) but they also do not have stop losses (which I find ridiculous). Guess what? ZNO is all time low at 11c today and you could have lost 60% of your capital holding onto it (as the newsletter hasn't given up hope) instead of making an 80% return in 1 month.

Another case was PSY , recommended at 9c in early March and now drowning at 4.8c a significant holding loss. GTG recommended at 1.4c in mid April and now 1.1c. And even BLA despite all the controversy, in May at $3 and now $1.56.
Same thing with Equity Story's BUD , recommended as a ten bagger in Nov17 then around 30c , now trading at 13.5c with no stop loss.

Point with regards to stock newsletter tips- you need to discern (certainly wouldn't have got into PSY) and you need to know when to take profits (because they would be hoping it would turn around and selling into a loss is an embarrassment for the newsletter!). Take care!

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https://hotcopper.com.au/threads/its-over.4002109/page-168?post_id=34194258#.W0VJe08UmAg

"Did caution about being excited over announcements when they seems promising but probably not materially significant for revenues.
Look at Sportshero (SHO) put on 34% this week on announcement of World Cup revenues but it was for just $50k in two weeks- is that cause for exuberance? CT1 (CCP Tech) which made a better announcement re: global services agreement with Vodafone to enable wider deployment capability of its IoT cold chain monitoring solution , rose 33% this week but a CR is probably coming which could dampen sentiments ahead and the agreement whilst promising may not have material revenue implications for yet several quarters."

Last Friday, I posted the above, anticipating that exciting promising announcements are likely to be a prelude to a CR event.
CT1 announced a global services agreement with Vodafone last Wednesday and announced the securing of patent for their CCP (critical control monitoring) technology. This morning, CR was announced.