I sent this to a buddy of mine.

1./ Discovery of a microcap

I give up. I'll never find a great idea again.
Oh this looks interesting.
This is very interesting.
I must be missing something. Why isn’t anyone talking about this on the boards/twitter?

cont..

2./ The CEO seems rational on the phone. I’ll buy a little.
I’ll buy a little more, but I’m not paying over X.
I’ll just buy a little over X. Ok, now I’ll be patient.
Well, I can’t just own an odd amount of shares. I’ll just average up the position. It’s still small.

cont..

3./ Oh, that was an interesting PR they just put out.
Wow, did someone just hit my bid. Who would sell after that PR?
Man this stock is owned by idiots. They don't even know what they own. I should probably buy a little more.

cont..

4./ Ok, well now it's a real position. I'm not messing around anymore. Let's do this.
It's been three weeks and no news. I'll call the CEO and see what's going on.
Ok, everything seems fine. I like this CEO. No BS. Straight shooter. Long-term thinker just like me.

cont..

5./ Ok, it's been 8 weeks. For a company on the "leading edge" of technology they sure are happy not telling anyone about it. No PR. They don't present anywhere.

Who puts out a 10Q without putting out a simultaneous earnings PR. What is this amateur hour.

cont..

6./ Ok, that was a good chat with the CEO. Long-term thinker. I'll just have to hold this a little longer.

So it takes me 12 months to double my money instead of three months. That still beats most of these "professionals". They should be paying me!

cont..

7./

12 months later you are down 30% and you sell to someone new that discovers the story.



Life is too short not to make fun of the game every once in a while.