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?

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.

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.

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? :helpme

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.

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

Regards,

Lee

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)

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

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.

probably trades OTC (over-the-counter)..well, it would have to.. since it would probably be delisted.

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

invest in Tim Hortons in March.

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!

Simple answer: you can't

Sorry... got it wrong....

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

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 :winkwink:

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

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

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.

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.