John and All,
Well,it is said there are two sides to every coin. While Malcolm's style of investing is fine for most RUN-OF-THE-Mill penny stocks, I choose not to trade Largo this way. Here is why: If all of us dumped half of our holdings just to make a few cents, it causes the stock to be unstable and drift down. I do think that because Largo has many more dedicated and long term holders,than SHORT TRADERS, the stock will not drop back to the ten cent level. Hence your purpose is defeated. JMO
Largo, is beginning to build a solid base from which to climb and by supporting the stock and the company it will remain steady and will continue to build even a stronger base. This in turn instills confidence. Largo, will soon be applying for a listing and while Largo is strong and the selling off won't make a difference, it would in my opinion be best if we could move forward with a trading base and not back to where we were at ten cents.
I would think if my posts were read; everyone would understand the difference between Largo and other companies. Our partner (source of value) comes from China. We are working with two very different cultures and approach to business. This takes time and travel between the two countries. Patience is needed, understanding must be a given.
It seems ALL but a FEW on this thread,completely understand this and are kicking back and allowing Largo to do whatever it takes to get the job done. We are not concerned about how FAST it happens. Because the FACT is [we] know it is not [if] but [when] the information begins to flow. If it takes one month or longer to tie up loose ends and get the news out; no problem, all the faithful will be waiting and ready to receive it when it happens.
Bottom line is this, Largo has a plan and they are working the plan. I like that approach. They have over the years developed a solid company and I feel very secure in my investment.
While Largo is traded as a OCT-BB Penny Stock, it has much greater potential. I used to think in the same terms as Malcolm, but that was long before I finished all my DD on this company. This is old age retirement stock folks. One that I plan to hold for many years. Will I take a profit? Sure, down the road when the price is UP much higher and it is listed etc.
I would hate to sell for a few pennies profit and then have to scramble and not get in at the bottom again.
Dusty |
