Morning, Dan M. - responding to comment # 2554
I was fortunate to get out 11 months ago at 2 27/32.
However, I didn't imagine such a drop was in the making!
Given the special set of circumstances on the horizon,
this could continue, but it produces opportunity.
I am not promoting other stock here.
I remember purchasing LONE (lone star casinos) at .125
and stupidly ignoring it's triple a few days later.
Some pain was added to the memory as it slowly went back down,
and had a 20 to 1 reverse split (and its name changed to CHIP).
Then down once more to .07. I now had 1/36 of my original
investment!
Without the use of a crystal ball, looking at chip now did not
stir my imagination. I had been there, and purchased that.
I knew that with so few shares on the market now it could
be quite volatile. but throwing the same amount of money at
it then was the farthest thing from my mind, though it
would have been the best thing to do.
Some weeks later, Chip rebounded to 2.25 on a few words
about planning to get gold out of the dessert dirt.
The news can be smoke and mirrors.
The fundamentals I ignored made the difference.
Each new dollar in would have become 35.
But the kicker is, my profit could have been 35 times
the amount of my original paper loss at its worst
(for I could have purchased 35 times as much stock
dollar for dollar at this depresses time)
In the future, your loss can be counted practically
as a non event if you can glean something good out
of it today. The illusive trick is to figure the stock
out at its worst point.
In NRID's case this could be some time after the NASDAQ rules
bring about changes (the results of which may be
artificially harsh on prices of most stocks involved)
I mention the above experience due to your comment # 2554,
Dan, and that there are NRID holders here who continue to have
faith things will turn around. Should calamity persist, NRID
could take on the appearance of becoming less than a dime
in a very big way, especially if reverse split is figured in.
People uninvolved at present will take advantage.
Today's owners may not, due to the emotional indicator you are
warning them of. I would unaffectionately call this indicator,
their own private "puke index".
(Not ment to be funny, it can be useful.)
To holders of NRID who are presently experiencing some loss,
you may want to re-examine the my comments about the rogue
LONE (now CHIP) stock I mentioned above, in order to give
yourself scenario ideas. If coming termoil strikes the price
down to where "you can't take it anymore" perhaps this is
your own private "puke index" kicking in. If the adverse
market conditions have played themselves out by this time,
a move against your emotions may help you achieve what
I failed so badly to achieve in the above case.
Again, in no way am I promoting CHIP! That is all in the past.
All they are promoting is to get gold out of dirt.
What I am trying to express is that a little painful
experience here can be turned into great reward
if one reacts to loss in the appropriate manner.
For CHIP, it is too late.
Having researched NRID as you folks have gives you an
advantage as opposed to jumping into something new.
The company, your research, and your investment
are obviously worth something, though there can
also be some down side surprises. Being worth
any less due to harsher market conditions could play
out very well for the wise in the long run.
I am suggesting here, that anyone seeking to develop
a scenario where NRID may reach an unusually low and
seemingly unjustified bottom may be richly rewarded
both despite and because of their involvement in
the past.
If you keep your present position or not, I can have no
judgement, but it may be wise to be prepared to make
a cold purchase in the future like i didn't!
For me, my judgement was a little too clouded at the time,
and i hope to correct that.
Best Wishes, & Happy New Year!
Dave
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