Gentlemen: I must say that I anticipated most of what is going on before I got in this stk.. I was wrong though, as (because of the large vol.) I thought that Select was about out of shs., and the bottom had been reached. Oh well, it's not the first time I have been wrong, nor (I'm sure) will it be the last. Certainly, though, they must be about out by now. As such, I don't pay much attention to the price; because, with these people, they don't care about the price, they just want to turn paper into cash. I intend to call my broker tomorrow to see if he has my 10k shs. yet. As I stated earlier, if I don't get possession of them very soon, the s__t will hit the fan (just another nail in Select's coffin). If I don't get them, then you can almost bet that the shs. were lettered when they went on the block (hence, belonged to Select).
Still, the company does exist (as I initially reported, I did see it); their technology is valid, and should prove us all right in the longer term. And, I do believe, that once Select has disposed of all of their shs., we will begin to see some appreciation. Just as I'm also certain that year end tax losses has hurt some to. Which also means that we should begin to see some purchases in late Jan. (once you sell, you have to wait 31 days to repurchase). HANG ON EVERYONE!
GeneM |
