So this buddy of mine wants to give me a stock tip...

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  • V_RocKs
    Damn Right I Kiss Ass!
    • Nov 2003
    • 32449

    #1

    So this buddy of mine wants to give me a stock tip...

    If you have read any of my posts you can tell I am more about substance than appearance... If you have ever met me you can also say the same...

    So growing up my friends always figured I'd drop out of high school (wrong! I flunked out in style, fuckers! and then went on to drop out of college but not until I aced (some kinda creative writing) English class)...

    Then I found adult... And it wasn't so much adult as it was sales and promotion. I write some nice shit and even though my blog only gets 100 visitors a day it makes a few sales a day... I attribute that to my writing and promotional abilities... Plus I photoshop the fuck out of the crappy photos sponsors release...

    So now I make great money and a friend of mine tells me about this stock he is in... He has 10K in it and it is like Feb. 2005. He is telling me how it will hit $1.75 and it is currently like 7 cents or some shit... How he is going to pay off the house and buy a pool and a vacation home...

    I look at it and then have a friend who does penny stock day trading look at it and he basically tells me to stay the fuck away from it and it has all of the signs of a stock that will fold completely...

    So I go back to my friend and let him know the dire conclusions my other friend has for it and he laughs and tells me I am an idiot and always will be and I am just 'lucky' I make more than most in the adult industry. He is basically assuming making a lot of money here is easy.. Hell it must be if I can do it right?

    So now his stock is trading for .0003 and his 10K nest egg is worth about 80 bucks... 80 FUCKING DOLLARS! So I tell him to sell it and think about posting galleries and making money in adult and stop thinking about get rich quick shit.

    He won't sell it and think it is going to rebound at some point.

    I don't even know what my point it but shit... I feel so fucking bad for his family because that 10K was basically all the money he had and he already was spending money on a room addition with the speculation the stock would move up and not down...

    Perhaps my question is... how do you get someone in that kinda situation to come to grips with reality and move on? He is now seriously depressed to the point I am scared for him and his family. Another friend of ours lost his house and shit and never recovered mentally when the tech bubble burst. Now his family lives with his mother and he lives with another friend because he is to embarrased to show his face to his family.

    Anyone have some advice?
    Last edited by V_RocKs; 02-22-2006, 12:29 AM.
  • chadglni
    Confirmed User
    • Dec 2002
    • 6924

    #2
    No idea but do not tell him to sell the $80 shit. $80 is nothing and if you think he's depressed now what would he do if it went way up? Bye bye friend.


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    • V_RocKs
      Damn Right I Kiss Ass!
      • Nov 2003
      • 32449

      #3
      I keep thinking of something the Professor said in his Ambush Interview...

      Something along the lines of doing a lot of little things so when a few fail I don't think it is the end of the world...

      I do a shitload of things and only get a few of them done but along the way time sifts through them and lets the best ones bubble up to the top. I make pretty decent money. I think that philosophy is pretty sound...

      Comment

      • chadglni
        Confirmed User
        • Dec 2002
        • 6924

        #4
        Originally posted by V_RocKs
        I keep thinking of something the Professor said in his Ambush Interview...

        Something along the lines of doing a lot of little things so when a few fail I don't think it is the end of the world...

        I do a shitload of things and only get a few of them done but along the way time sifts through them and lets the best ones bubble up to the top. I make pretty decent money. I think that philosophy is pretty sound...
        Sounds like a winner, I like it.


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        • rowan
          Too lazy to set a custom title
          • Mar 2002
          • 17393

          #5
          I agree, when you start at $10k losing another $80 is nothing. He can only hope it moves up again.

          He didn't happen to get his stock tip from a spam "alert" did he?

          Comment

          • V_RocKs
            Damn Right I Kiss Ass!
            • Nov 2003
            • 32449

            #6
            Originally posted by rowan
            I agree, when you start at $10k losing another $80 is nothing. He can only hope it moves up again.

            He didn't happen to get his stock tip from a spam "alert" did he?
            He found the stock by reading a forum where everyone was talking about it. How good it would do.. I read the forum and then showed it to my day trader friend and he said all of the positive posts seem to be PR brought on by the owners to try and sell shares and make funny money.

            When I read that forum I was thinking the same thing. It had a lot of amateur investors in it acting like they were smarter than the average bear... But Smokey is on GFY, not on a pink sheets discusion forum.

            Comment

            • European Lee
              Confirmed User
              • Dec 2002
              • 7133

              #7
              Sounds like QBID stock, a lot of investors got burned with that one LOL

              Regards,

              Lee
              YOUR TRAFFIC IS SAFE WITH US - CONDOM CASH
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              • V_RocKs
                Damn Right I Kiss Ass!
                • Nov 2003
                • 32449

                #8
                Stock was HCCP...

                Comment

                • rowan
                  Too lazy to set a custom title
                  • Mar 2002
                  • 17393

                  #9
                  Originally posted by V_RocKs
                  Stock was HCCP...
                  How do you look up that one? I tried entering it into nasdaq but it doesn't know that symbol. I thought nasdaq showed penny stocks as well? (I'm not in the USA)

                  Comment

                  • jrap
                    Confirmed User
                    • Feb 2005
                    • 448

                    #10
                    Originally posted by European Lee
                    Sounds like QBID stock, a lot of investors got burned with that one LOL

                    Regards,

                    Lee
                    lol, my friend made some decent cash from that stock.

                    Comment

                    • lazycash
                      Troll Patrol
                      • Aug 2002
                      • 15214

                      #11
                      Originally posted by European Lee
                      Sounds like QBID stock, a lot of investors got burned with that one LOL

                      Regards,

                      Lee
                      I rode that up when it boomed and made a ton, but i put some more back in last summer and its worth shit now.
                      "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..

                      Its crazy..."

                      VenusBlogger

                      Comment

                      • Dollarmansteve
                        Confirmed User
                        • May 2005
                        • 2849

                        #12
                        Originally posted by rowan
                        How do you look up that one? I tried entering it into nasdaq but it doesn't know that symbol. I thought nasdaq showed penny stocks as well? (I'm not in the USA)
                        probably trades OTC (over-the-counter)..well, it would have to.. since it would probably be delisted.
                        I died.

                        Comment

                        • RayBonga
                          too cool for highschool
                          • Nov 2005
                          • 12164

                          #13
                          You should tell your friend to rent the movie Boiler Room.

                          Comment

                          • Wiggles
                            Too lazy to set a custom title
                            • May 2004
                            • 14423

                            #14
                            invest in Tim Hortons in March.
                            no sig

                            Comment

                            • joefriday
                              Confirmed User
                              • Jan 2006
                              • 1090

                              #15
                              Poor bastard , shit. it could be worse he could of put 100k in to it.
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                              • jjjay
                                Registered User
                                • Jun 2005
                                • 1813

                                #16
                                Originally posted by joefriday
                                Poor bastard , shit. it could be worse he could of put 100k in to it.
                                I can't agree about the poor bastard bit - people really should know better.

                                a bit like the idiots who put thousands into 12 Daily Pro. I mean - come on!

                                Comment

                                • wdsguy
                                  Ryde or Die
                                  • Dec 2002
                                  • 19568

                                  #17
                                  Simple answer: you can't

                                  Comment

                                  • V_RocKs
                                    Damn Right I Kiss Ass!
                                    • Nov 2003
                                    • 32449

                                    #18
                                    Originally posted by rowan
                                    How do you look up that one? I tried entering it into nasdaq but it doesn't know that symbol. I thought nasdaq showed penny stocks as well? (I'm not in the USA)
                                    Sorry... got it wrong....

                                    http://www.pinksheets.com/quote/chart.jsp?symbol=HCCF

                                    Comment

                                    • B40
                                      Confirmed User
                                      • Jul 2001
                                      • 7020

                                      #19
                                      Never trust stock tips. Most likely he was spewing this bullshit on you hoping you'd buy and whatever money you put in would lift the price a little bit.

                                      That's the first rule...2nd rule is to set your stop losses and stick to them.

                                      Again, never trust stock tips, but here's a stock tip LGF

                                      My stock pick for 2006, up 15%+ so far this year
                                      http://www.gofuckyourself.com/showpo...4&postcount=88

                                      Comment

                                      • jjjay
                                        Registered User
                                        • Jun 2005
                                        • 1813

                                        #20
                                        talking of stock tips - a what price did lars sell his myspace shares?

                                        Comment

                                        • V_RocKs
                                          Damn Right I Kiss Ass!
                                          • Nov 2003
                                          • 32449

                                          #21
                                          The Nasty ride:
                                          http://www.pinksheets.com/quote/char...=2-6-9-0-0-524

                                          And he got into it before I talked to him by a few months so I think he actually paid more for it then I said.

                                          Comment

                                          • FuqALot
                                            Confirmed User
                                            • Dec 2001
                                            • 3817

                                            #22
                                            Originally posted by V_RocKs
                                            I do a shitload of things and only get a few of them done but along the way time sifts through them and lets the best ones bubble up to the top. I make pretty decent money. I think that philosophy is pretty sound...
                                            That's the fucking truth. Nice post. Out of 10 things I try, only 1 brings a profit, but that profit is always more than the time and money invested in the other 9 ideas. I try many ideas on a day, and while you simply keep on trying ideas you eventually keep on getting money from the succesfull ones.

                                            Comment

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