GLGC 87 stinking cents a share now.
Well if I was more of a gambler, I'd be down
another ten or twelve grand had I loaded up on
that turkey--GLGC down 10% today, sheesh!
Well, on the 25,000 shares my kids have, we are
down $15k. And that is not so bad if I think of
it as a fraction of my net worth--and the fact
that those shares were paid for with house money,
made from biotech stocks to begin with.
But what a truly bad pick glgc has been.
What a turkey! I'd say some nasty things about
management and being misled and all that--but
there isn't any point. I took a chance and I blew
it. I don't know why the company has so utterly
failed, the drug repositing/repurposing thing
sounded like a great idea. Wall Street isn't buying
it however, and the street knows more than I do.
Had the shares held at a buck a share, that would
have been good I think. Dropping much below a buck
signals to me that it is completely forsaken now,
a true penny stock.
Sigh. I'm not going to sell our shares, but I am
sure as hell not going to average down. I still have
$20k in the thing, if I had just discovered glgc today
I'd probably be putting that sort of money into it
all over again, but when you're down 40% or whatever
it is now, you just sorta chuck it all and don't watch
the quote anymore. |
