Hate to say I told you so...
but the smart SYCR's should have sold on Thursday, when the pathetic Poertner made
the weak announcement the day before earnings....
Message 3409406
I warned the thread that earnings may be bad, as Poertner has pulled these
shenanigans in the past (i.e., announcing relatively insignificant future
marketing/product news the day before earnings).
Let me refresh your memory...
biz.yahoo.com
followed the next day by this...
biz.yahoo.com
Only one quarter later, Poertner floats this..
biz.yahoo.com
and then the next day, he sticks a knife in the heart of his shareholders with this..
biz.yahoo.com
This, folks, is what class action lawsuits, SEC investigations, and Chapter 7
bankruptcies are made of.
Everyone's blood is flowing dangerously from this near-mortal wound, and the
hemorraging perhaps cannot be stopped. This one is going down faster than the
Titanic. Every man for himself.
I feel very bad for everyone who has lost money on this stock, as I have lost more than
I care to even think about. I get some solace in the fact that I did sell my shares north
of $1.50, with 75% sold above $2. The pain of my losses however far exceeds the
solace I garner from having cut my losses early.
Move on and invest in quality companies, with proven products, accelerating earnings,
impeccable management. There are so many good firms out there, why settle for the
"bottom-of-the bucket" variety?
I am out of here forever.
Regards,
DD
P.S. Chris, save your money and buy yourself a 12-pack of Pepto Bismol, if you think you'll be needing it that is.
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