RE: Upgrade7 Feb 2025 11:29
Another tip - with penny stocks - watch out for rampers.
They operate in gangs. One tactic is that one of them will make long posts with lots of so called analysis of the figures from the company, the financials. Then another of the gang will post lots of praise, "Thanks for that [name], you are so right", that sort of thing.
Watch out for chat boards where, if anyone points out a valid risk or makes any comment that is negative, the others will use two tactics. One is that suddenly lots of very positive posts appear and the negative comment gets pushed down and off the bottom of the page. The gang swamped the board with posts to bury the negative comment.
The other tactic is to go on the attack. At first it will be mild criticism and tell the person they are wrong, using their so called analysis to back up that argument. Should the person mentioning the risk go on to point out that the risk is real and must taken into account, then the attack will turn nasty with insults, abuse and mockery. The gang will bring in others to join in and they bully the person into shutting up.
This GFM board seems to not be plagued in that way, but always be suspicious and eventually you will be able to tell the genuine investor from the crooks.