To All,
The believers here on the HITT thread remind me of the DGIV crowd. That stock went from .18 a share to $8 in a couple of weeks, the longs were so happy. They continued to buy on the way up and posted all kinds of interesting "facts" and stating good "news" would be released in coming days. Many of the longs stated the decline in price was a excellent opportunity to buy in, for awhile the stock went back to under $1 and a few gave up, but the true believers held in there and the stock rose some again. The people that bought near the high had little to lose by staying in, most of the money was gone on paper already, how could it get any worse. It did, trading was halted on July 7th.
With so many good trading choices available to the investor I have to wonder how anyone would want to invest in a company with a history like this one has. BTW I raised the red flag to the DGIV crowd early in the big run up, and a few people took their profits and left, the others, fixated on the company, were wiped. I don't want to "save" anyone, but I'll be back to hear your complaints when the end comes. I'll refrain from saying I told you so.
Regards,
CED |
