Sid, now are you starting to think like a top notch investor. Ace Greenberg, one of the best, wisest investors who runs Bear Stearns always says to never average down, let them lie. Average up. Sure he misses out but then he doesnt get buried in disaster stocks as well.
Does anyone know if the company conditioned yesterday's release? Today could be some short covering. Shorts wont wait for the last dollar on this stock, its not going to zero any time soon. As well, bottom fishers might be chewing on this, unfortuntaely, margin limits are close, margin calls are going to be issued, and I would take a good bet that you will see shareholder suits within the next week or two. Just be careful.
Anyway, I want to say goodbye to those who I have met on this thread. I won't be posting here anymore except to occassional step in if I see something interesting in the stock. You can join us on the Trading Desk, the Final Frontier or other threads but I just dont believe in this stock anymore. (I am sure many of you will be glad that I am gone) To all, I wish you the best of luck and hope that you get your money back from the company, one way or another.
Regards,
Steve@yamner.com |
