OT
And for the record, I am long LBWR and SLJB. SLJB I obviously have very nice gains booked and a few freebies left riding. If SLJB goes under, then so be it....I still have massive gains and my freebies I can use for toilet paper for all I care if it becomes worthless...When I invest in a micro, I go in to it KNOWING it is nothing but a gamble....I dont think I have ever bought a pinkie or OTC with the idea that I seriously believed I would still own it years from now and expect to see it trading on the big boards.
I heard all the hoopla after sljbs big run with everybody going nutso saying $1 and the big boards, here we come......and lets be realistic here...up until a certain point, everything lfwk/sljb said they were going to do, they did do.....The 'issues' didnt pop up until petar got involved and started posting on a blog and the issue with the AF's surfaced. Prior to then, the company came thru on everything promised and everybody was saying this is the rare case where a micro actually makes it to the bigtime....and most were pretty confident sljb would be $1 -$5 and on the big boards....but ya know what....I thought it may be 'possible', but in my head, I felt the odds were very low...that is why I sold a bunch on the way up as I do with ALL GAMBLE PLAYS!...if I was 100% certain we were looking at $1-$5 and trading on the big boards, I never would have sold a single share....but, this is not GOOG or MSFT....this is a NON LEGIT COMPANY until they PROVE THEY are legit and that is the same for EVERY company in this arena.....YEP, you heard it right.....IMO, and frankly most others opinions, ALL MICROS should be considered to be not 100% legit, until they prove otherwise. Why you ask? because 99.9% of companies in this arena, promise the world, promise they are legit, but do NOT DELIVER. They provide trading/gambling opp's and that is it. If you happen to buy a micro that does make it to the bigtime, that is the exception and very rare, not the rule and not the norm......As for LBWR I am long and like you, have put alot of faith in DEX, but I will not be one bit surprised if LBWR fails or if we find out dex wasnt as honest with you or others, as we thought. I am not saying this will happen..and in fact, I have alot of hope for LBWR, as it shows alot of 'promise', but I am also realistic and although I think it has promise and do think it can make a run....I still will NOT be surprised if it never runs and crashes and burns instead. Additionaly, if it does run up, I can assure you I will not be buying more on the way up and will be selling on the way up instead and booking profits......and if possible, I will leave some freebies to ride in case it does turn out to be the rare gem that actually makes it to the bigtime..but LBWR will be treated by me like any other 'gamble play'.....buy low, sell higher, try to keep some freebies to ride and dont be shocked if company fails and dont lay in bed at night dreaming of my little pinkie or OTC that will trun me into a billionaire. Nor do I own any pinkies or OTC's that I expect to own years from now...and to be honest, when I read posters saying they are buying a micro and then they start calling for ridiculous prices and start talking about how rich the company will make them in a few years if investors are patient and I cant help but feel sorry for these people as anybody that buys a pinkie or OTC with the intent to hold it and it will make them rich...well, those are typically the ones that lose and then spend their life whining and blaming others. Do some make it to the bigtime? Yes, but that is akin to finding a needle in a heystack.....VERY FEW make it and I mean VERY few...So gambple plays is all they are, imo...and anybody that gambles and loses, has no right whining as I assume most know what the word gambling means..... |
