Hello Crazy Gang,

It’s been a really slow week. Hardly any movement at all, as I write this. and that’s not really usual for this time of year. There is nothing to distract the big traders, like Christmas, Easter, heavy snow or big reportings, by banks and so forth.

So I would normally expect shares to rise now. Rather sharply, in fact. Well, the Footsie and the Dow have been largely flat. But what can one do? With fewer private punters like us than there used to be, thanks to the dot.com crash and the credit crunch, we can do nothing to boost the Footsie.

We just have to sit and wait for the institutions, the banks and the pension and insurance set-ups to start buying big time. Which they are obviously not doing.

What do we do in the meantime, gang? Well, I think one way out of the boredom is to look at for some really hot shares in the penny area. The Footsie can be falling like a stone, and some penny shares will double in the week. Perhaps even rise six or seven times. Not very common I know, but it’s been known.

Where do we get the ideas from for really hopeful looking penny shares? Well, the trouble is that newspapers tend to cocentrate on the big companies. They know the interest is higher there, because more people own shares than in penny outfits.

I would try the Sharecrazy.com bulletin boards. Yes, I know you have to be careful in case some people over egg the pudding, but this isn’t usual on Sharecrazy.com in my view. This site tends to attract more responsible share shifters – and I know because I was one of the first people to add messages to the board. And that was at the turn of the century.

Yes, gang, there’s no harm in reading what others have to say, as long as you do some more of your own research and be sensible about it. Rock on.

Posted Mar 12, 08:09 AM | Permlink: # | Comment |