Justin, I know you have been around the pennies for a good while and I respect your instinct and investigative talent. Actually I haven't lost much money on this stock, it's more a case of comparing my savy against yours. I bought a few shares of this stock because you named it on one of the boards somewhere. I saw how well you called ADGI and others, and I jumped in simply because it was inexpensive, and well I'd just see if you could really influence a stock that much.
After being in the stock for a couple of days, I began to look at it closely, and what I saw, made me realize that it wasn't conducive for a big run forward. Firstly, it had already come quite far in a rather short time. These cheap stocks rarely hold their quick gains unless they have some incredible new positive, like finding gold in their backyard for example. ADGI went well because they had this meeting in NY coming, when "mysterious" good news might be announced. Perfect, just what a penny stock needs. I had my market sell order in place the morning after the meeting. The stats that you give about this stock comparing it to other stocks that have big loss ratios are all true....but, where is the dangling carrot? We already know that the share holders meeting won't be to announce the merger, so what's to drive it? I think you fell in love with this baby and were impressed with the offices and the potential and all that. Maybe you even thought your reputation would be just enough to impel it into .50. So like I said at first, it was clear to me after a short time that the yarn concerning this stock was deficient, and I was a little amazed that you didn't see it. I am still surprised to see how you still don't see it. My guess is that you may be concerned for all the people you brought in with you, or maybe you just can't accept the fact that you were dazzeled by the positive, although not penny stock factors that you initially discovered. So let's have the retort Justin, tell me I'm all wet etc. I'm old and what not. I am by the way somewhat older than you, but not by much I would guess. I also have young children, two boys, 12, and 15.
Regards, Max |
