"the size of the spec market is bloody huge.over the past 10 or...

  1. 4,600 Posts.
    "the size of the spec market is bloody huge.

    over the past 10 or so years (>2000) onwards it's been growing at an amazing rate."

    And most of the spec stocks are absolute rubbish, I wouldn't touch 90% of them even with monopoly money.

    Unfortunately so many get caught up in the promises,ramps and hype only to eventually accept heavy loses or have their investment diluted into insignificance while sitting in a bottom drawer hoping the next quarter will be better.

    Biggest mistake by so many, first thing they do when they plunge their maximum amount of capital into one or more penny dreadfuls. Is they calculate how rich they will be when the SP hits 10c or 20c and buying a new yacht or paying off their mortgage.

    Just unfortunate that HC is mainly focused on the penny end of the market.

    Sure every now and then there are some good trades, but realty is for every SIR there are 1,000s of rubbish stocks which in fairness probably shouldn't even be listed.

    If this was US markets, these stocks would be pink sheets, which is a huge red flag to stay clear.



    Kat.



 
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