CDWN - Colonial Downs (1st Horse Track in VA since 1800s) Message Board

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Non-Tech : CDWN - Colonial Downs (1st Horse Track in VA since 1800s)

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To: Phil Abel who wrote (105)	10/10/1997 1:09:00 PM
From: H.J. Schellenberg	of 158

How right you are about the emotions part. When I first saw the facility, my intial reaction was to go out and buy all the stock I could. This I did at $7.25. Then when the stock got to $9.00, I started to see some signs that all was not right. They had great press, a grand opening, and NOTHING happened to the stock. I was shocked. Then the bad news started to come out. I refrained from buying back lower and have still not bought back in. I suppose I just need a reason to get out of CYMI (which isn't likely to happen, it keeps going up). I remain interested in the company and would probably get back in if we had some kind of selloff that took the stock down closer to $5. Then, I think the risk/reward would be insanely good. Right now, I think we will see a slow drift down on low volume as the fall fades into winter and most people forget about the track entirely. I'm not sure why I ever invested in CDWN. I should be thankful I made some money on the stock. My advice -- watch for now. If the volume keeps getting lower, why buy?

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