Big T talks about retiring rich in the Bahamas trading SOMX

Those who leaped on SOMX blindly today should read the following old post of mine:

http://traderbigt.blogspot.com/2010/03/confusing-individual-play-outcomes-with.html

To be fair, hot drug approval pharma stocks can run insanely, at least the first day, so perhaps my comments in the video were a bit harsh. You can risk momentum longs if you understand the dangers and it is absurdly overdone causing a bandwagon effect of "why not me" clowns who throw their every last dollar at the brass ring.  But the warnings are real, and should be considered by APPA players on Friday! 

I also discuss many of the hot plays from Thursday called in the chat room. Excellently moderated and filled with a few really experienced traders, this room is fast becoming the leading chat room online during market hours. Some of us answer a lot of PMs to help live with trade management decisions as well. Join us at:

http://timalerts.com/chatroom/

 

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http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html