Good Post Joe!
I concur with much of what has been said about this company and its stock performance potential/history. I too bought in high and missed the most recent opportunity to buy down my cost basis. I lost sleep and became extremely concerned that the opportunity would not come again to adjust the cost basis of my portfolio.
Putting all of you eggs into one basket is never a good idea my mom and dad say. We'll mom and pop were right. I did, and have experienced anxiety for several months now. So what has changed you ask? I'll tell you.
I had the opportunity to do some serious soul searching about the topic. I had jumped in when the stock ran up above three, the first time, a few months ago and thought that this was going to be the big one. Over 90% of my portfolio was riding on this "bad boy" and by golly I knew this was going to be the winner. Well guess what? It wasn't. I got caught up in the euphoria and had not completed my due dilligence (DD) as well as I thought I had. A significant contributor to this was that I was not using the same time frame as those I had talked to at the company regarding probable times of product delivery. No specific dates, months etc... were discussed. I just formulated in my mind a time frame that made sense to me and assumed when "it" was going to happen.
Months have passed. I didn't know what I was going to do. I panicked made phone calls when things didn't happen when I expected them to. The result did have undesirable consequences, atleast one time, and I then did some more soul searching. I quit making calls. Talked to the experts at the company again. Read more of the detailed posts on this thread that gave me the facts. I then developed my "investment" strategy for this stock.
I am confident now that we are poised for success this year. Look at who the company has hired. Mr. Lakis-an expert in the food industry. A PHD from a southern college-her degree and specialty is in food decontamination with specific focus on the use of ozone. She also was behind the efforts to obtain USDA's Generally Recognized As Safe (GRAS) status for ozone.
Outside of the food industry, the company has hired another expert, with a proven track record, to boost the sales of laundry units. In the area of polymer research, the company should have some news available soon. I have requested, and they are mailing to me, information regarding progress to date. I assume this will include market potential etc.
So, the bottom line is that I have a lot riding on this one. A lot of other people that I talk to do as well. They are just as confident as I am that we are going to be ok. Patience is a virtue that is hard to observe and enforce when things look gloomy. Well, friends, this is the calm before the storm. News will be here when the timing is right and all the "i's" are dotted and the "t's" crossed. Bill Stoddard and his group are doing it right the first time.
This company is not a crap shoot and it is not "just another startup" that's gonna run out of gas. These folks have a solution to the question that the public needs and wants to have answered. The process is not without its hazards, but the end product is environmentally friendly and does not leave a residue on food. How can you argue with this? It's tough to.
So, to those of you who have your back against the wall, determine your strategy. If you sell, there are others out there waiting to gobble up what you have. One of them could be me.
I don't like to "air my laundry" on public sites such as this but such is the way of my business and culture. Draw from the lessons learned of others and let your buddies know what you have learned as well. In the end you miss some of the pot holes in your journey and have a smoother ride.
Have a good weekend everyone. Good luck in your investments.
Captain. |
