Tom, My heart goes out to Larry Crawford, being an AIM investor in the oil service industry myself. If I understand you correctly, Mr. Veale, your concern is that Larry would balk at selling shares as the prices start to go up. I find that my problem comes with BUYing shares. It takes guts to keep throwing money at a losing situation. However, I have been AIMing with a gold mining company since March of 1997. Originally bought shares of DROOY at 8 3/4. Saw the price go straight down to under 1 1/2. Yikes!! I was buying shares like there was no tomorrow. I must confess that there were times that I ignored Newport, and thus missed buying a boatload of shares at the very bottom. Nevertheless, with a couple of short-lived spikes in price (just check out a 2-year chart of this loser to see them), my latest return on the stock averages to an over 25% annual return on my investment. May I take this opportunity to thank, in order of importance, Tom, Mr. Lichello, and the other dedicated AIMers on this board. I would have sold this dog months ago had it not been for this "business plan," as Tom calls it. I wish I could transmit a simple excel spreadsheet which chronicles my buy and sell points, prices, and numbers of shares for Larry to see. Yes, you can make some good dough with stocks that seem to go straight down, since every one of my dogs have those welcome little spikes that generate cash like a machine. Like a cash printing press!!
Thanks,
RFH |
