I hear you. Again, if you have others co.s that you are confident will move shorter term, then I'd take it. For example, I have some GLOW and SNMM and they are both on the move now.
But, the story with ADOT is a feel good for me. Cancer diagnostics and ultimately treatment, as well as satellite based large screen outdoor media. I can't allow myself to regroup out of this one. Bought first at .32, averaged down at .26, and again at .06. 100,000 shares at a nickel is $5K.
If it hits the $1/share mark, this one's a gravy train. I'm finally learning some patience and it feels good to be accumulating at these low ends vs. peaks in my early day's of investing.
For example, I got completely burned on a company called Innovacom, MPEG. Same story as ADOT. Late, Late, Late and the stock tanked from 4$US to $.10. It too had interesting technology, although abit above my head.
ADOT could be another. But because I'm in with so many shares, and averaged low, and understand the technology better than I did MPEG's, this time I'm prepared to sit for awhile without getting too emotional.
Lastly, Les' semi-arrogant display towards us shareholders is an interesting approach - but that doesn't automatically mean that he's incapable. Delays, yes. Is the show over, not necessarily. I want to believe that his cockiness is simply a show of confidence. I'm prepared to wait this out and accumulate. |
