TO EVERYONE, PLEASE READ THIS:
Please calm down. The easiest way to lose money in a stock, any stock, is to let either fear or euphoria cloud your judgement. And Judith, I think people have been a little quick to jump on you.
There are only two questions you need to ask yourself:
1. WHY DID I BUY THIS STOCK?
2. HAS ANYTHING FUNDAMENTAL CHANGED IN THE COMPANY SINCE I BOUGHT IT?
For me, I bought this stock because of its hypergowth potential. Fundamentals have changed since, for the positive! So I am holding.
Now, for the fear/euphoria issue.
Originally we only had one thread, and everything was mixed in: facts, jokes, fear, and euphoria. Byron then created separate threads, one for information, the original one, and this one which was meant to be open and carefree.
However, a lot of info was also posted on here, though not always with sources, with defensible background, etc, that was left to the info thread. No one would complain about getting info here, and using it for you own DD, but as far as point/counter-point, justification, etc, that was better left to the info thread.
This thread has become more of a support group for each other to share our vision, our thoughts, our emotions, and whatever.
Today I saw Byron's call for certs and thought it a good idea though, frankly, I did not think it was needed. Not needed because the company is very strong, with more contracts coming out, etc. However, it is always a good idea to have what you have bought, and this keeps MMs from artificially setting prices. So asking for certs is a no brainer, as in, why not? It only creates problems to those who short, not to us. It only helps us.
However, after sensing the reaction of some to this, I get the feeling that it has created some fear and anxiety, and even the thought that there might be a scam going on. I only have these things to say about this:
1. You have the right to call for your shares or not call for them, no one is forcing this on you.
2. Call your broker tomorrow before doing anything, and ask them if calling for certs will have any downside to you. My understanding is that it has no downside. If you want to sell and have your certs, my understanding is you can still sell and then mail in your certs. But your certs can not be shorted! I will find out from my own broker tomorrow, even though I am not planning on selling. However, for those who worry about this, and it is a valid question, do not call for your certs until after you ask your own broker.
3. In retrospect, since we really don't need to do this anyway, because the company is speaking for itself with contracts, maybe it is premature to call for certs, if its effect is to create fear. Even though it is not a big deal! However, maybe it gives the appearance that we need to do this becuase there is some problem with the company, which there isn't. So maybe we should just let the shorts keep this price in the 6's 7's and 8's for another week or two, it will not matter anyway in the longer term.
Just my 2 cents. |
