I guess my main complaint was your approach.
If you have doubts, I think you should ask him directly what his position is.
Any time a stock doubles in price, it's stupid not to at least recoup your principle. That's not an expert opinion, that's just common sense. The way I see it, either
1) he's a millionaire and doesn't care about possibly losing several hundred grand,
2) he made a VERY, VERY foolish investment move by not recouping his principle between $.10 and $.35, or
3) he's lying about his position.
I assume he was telling the truth when he picked up 100,000 shares last week because I watched the stock go up, but as far as the 3.5 million shares, he's the only one that really knows. I suppose he could have been lying and only picked up 50,000 shares, but again, only he knows, and I don't find it necessary to fret about. At some point you've got to let people come to their own conclusions about who to trust.
There's no need to make derogatory comments about someone's sexuality. It's immature and reflects poorly on whoever's making the comments. If strat nut usually handles criticism in that manner, what kind of employer would tolerate it (especially one that pays the kind of salary to invest a few hundred thousand G's in a penny stock)? It's possible he could be retired or self-employed, or have some huge inheritance, who knows, but comments like that don't lend themselves to sounding like a professional. Or it could have just been a rare outburst.
Still, I would un-ban him if he agrees not to use that kind of language. You have been criticizing him pretty relentlessly, and assuming he's telling the truth, I'd be angry too (not that that justifies his comment).
Jesse |
