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Member You - How I Stuffed Up Big Time
Often there can seem to be very little difference between two marketing campaigns. However the difference between average marketing and profitable marketing is immense. Here are my 7 tips for ensuring success from your marketing campaign.Promote to the right audience.If your campaign is to succeed it must be aimed at the right people. That is people that are willing and able to respond. In other words they have a need/want for your pro
What did I do? (This was the days before I knew what a stop loss was) I held on, telling myself (conning) that it was only a correction and that the share price would start to go up again soon.
Did it? Like hell! The share pr
Talk of China's economic impact on the global economy is all the rage at most business meetings and in media articles focused on improving North American competitiveness. The barrage of news and numbers coming out of China seems relentless. It makes even the strongest quiver. Growing technological expertise - 360,000 new engineers per year join China's workforce Low wages for both skilled and unskilled labor - Fortune Magaz
The reason for this confession is so YOU can learn by my mistakes and it also reminds me not to get caught again. Here is the account of what eventuated.
BQT was the “flavor of the month.” It was being promoted (ramped) at a chat site.
Everything sounded wonderful, good company announcements came out which were blown out of all proportion. So I dived in to get some and couldn’t because every time that I put a bid in I would miss out as the share price was rising too fast ,and the information that I was getting was 20 minutes old.
This chasing the share price went on for at least an hour during which I was panicking and I was becoming frightened of missing out.
The final result was I paid top price for the stock which had risen over 35% on the opening share price that morning.
The amount that I had invested was just over $1,000. The market closed and I felt very satisfied that I had managed to buy in. All I had to do now was to sit back and wait for the enormous profits to come rolling in.
What I did not realize was that I was a “Mug Punter” who had been involved in a “Pump and Dump” There are several versions of this about, (Read previous article)
Next morning as soon as the market opened, I was waiting for the share price. (20 minute delay) To my horror the share price had dropped by 25% on opening. Truck loads of stock were being sold off by the profit takers who had bought in much cheaper in the days before I did.
What did I do? (This was the days before I knew what a stop loss was) I held on, telling myself (conning) that it was only a correction and that the share price would start to go up again soon.
Did it? Like hell! The share pri
Motivating sales people can be a challenge for any company. Motivating sales people to perform at a consistently high level is especially important for small companies. Motivated and drives sales people can really boost your company’s earnings. Here are some ideas for motivating salespeople that you might find helpful.Many people and companies think that the only method of motivating sales people is to give them an opportunity to make more mo
Everything sounded wonderful, good company announcements came out which were blown out of all proportion. So I dived in to get some and couldn’t because every time that I put a bid in I would miss out as the share price was rising too fast ,and the information that I was getting was 20 minutes old.
This chasing the share price went on for at least an hour during which I was panicking and I was becoming frightened of missing out.
The final result was I paid top price for the stock which had risen over 35% on the opening share price that morning.
The amount that I had invested was just over $1,000. The market closed and I felt very satisfied that I had managed to buy in. All I had to do now was to sit back and wait for the enormous profits to come rolling in.
What I did not realize was that I was a “Mug Punter” who had been involved in a “Pump and Dump” There are several versions of this about, (Read previous article)
Next morning as soon as the market opened, I was waiting for the share price. (20 minute delay) To my horror the share price had dropped by 25% on opening. Truck loads of stock were being sold off by the profit takers who had bought in much cheaper in the days before I did.
What did I do? (This was the days before I knew what a stop loss was) I held on, telling myself (conning) that it was only a correction and that the share price would start to go up again soon.
Did it? Like hell! The share pr
Business surveys consistently show us that poor workplace communication is a major source of employee dissatisfaction. The repercussions of this include not just low employee morale. Employee productivity suffers, along with a range of other business performance indicators.Business Impact of Poor CommunicationHave you stopped to think about how much unsatisfactory communication practices are costin
The final result was I paid top price for the stock which had risen over 35% on the opening share price that morning.
The amount that I had invested was just over $1,000. The market closed and I felt very satisfied that I had managed to buy in. All I had to do now was to sit back and wait for the enormous profits to come rolling in.
What I did not realize was that I was a “Mug Punter” who had been involved in a “Pump and Dump” There are several versions of this about, (Read previous article)
Next morning as soon as the market opened, I was waiting for the share price. (20 minute delay) To my horror the share price had dropped by 25% on opening. Truck loads of stock were being sold off by the profit takers who had bought in much cheaper in the days before I did.
What did I do? (This was the days before I knew what a stop loss was) I held on, telling myself (conning) that it was only a correction and that the share price would start to go up again soon.
Did it? Like hell! The share pr
A strategic alliance is when two or more businesses join together for a set period of time. The businesses, usually, are not in direct competition, but have similar or complimentary products or services that are directed toward the same target audience. Below are ten reasons to create a strategic alliance.1. You could offer your customers a larger variety of products or services. This will allow you to spend less time and money developing new
What I did not realize was that I was a “Mug Punter” who had been involved in a “Pump and Dump” There are several versions of this about, (Read previous article)
Next morning as soon as the market opened, I was waiting for the share price. (20 minute delay) To my horror the share price had dropped by 25% on opening. Truck loads of stock were being sold off by the profit takers who had bought in much cheaper in the days before I did.
What did I do? (This was the days before I knew what a stop loss was) I held on, telling myself (conning) that it was only a correction and that the share price would start to go up again soon.
Did it? Like hell! The share pr
I've spent one third of my working life presenting sales training courses to engineering and scientific companies. 600 times so far.It has surprised me to find that the highly intelligent, well-qualified people that come to my events are ignorant about something which has a direct bearing on how well their organization does.I ask a set of questions to make the point, 'How important do you consider ability in sales and marketing to the
What did I do? (This was the days before I knew what a stop loss was) I held on, telling myself (conning) that it was only a correction and that the share price would start to go up again soon.
Did it? Like hell! The share price continued to recede to around a 50% loss as more stock was sold off.
Rather than sell then, as I was too scared to take a big loss and admit to myself that I was wrong. I decided to place it in my new “Long Term” portfolio and wait till the share price went up.
It stayed there for another 6 months during which it hardly moved at all. During that time I saw opportunities come and go, by which I could have recuperated the loss quite easily had I sold. But I could not face up to the loss.
I did sell eventually, and used that loss to offset some capital gains I was fortunate to make. Just after I had plucked up courage to sell BQT it dropped down even further. So I was fortunate to get out when I did. And brother did I feel better.
The lessons learnt were:-
1. Don’t chase share prices.
2. Have a stop loss in place. (Always)
3. Most important Do Your OWN research. Don’t believe all you hear.
4. Watch out for PANIC and GREED .We all suffer from these emotions occasionally.
5. If it sounds too good to be true it usually is. (Back to step 3.)
6. Always be aware of traps in trading. There are sharks out there who are experts in pumping and dumping and eating you up and your money too.
7. Get “real time” data. You can see what is happening NOW! I personally use E-trade. But there are others equally good around.
8. Just because it looks good, doesn’t mean it is. (Go back to step 3.)
Incidentally I now own BQT agai
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