Peter, sit down. Discussing NUMD is very emotionally disturbing.
Of course they are trying very hard to turn this around they say.
And I want to believe them. How in the world did you ever get in this--through a broker named Brad? I think he's the only broker on earth that ever recommended it.
I ran all of this by a top of the line Broker house buddy, who has been begging me, almost begging, I"m telling you, to sell at a loss and get out. At that time I was a l/3 loser. I've been a 4/5 loser and finally sold all but 350 speculative shares the other day to put into real stocks probably going up, certaintly not going down.
T. my friend took his very valuable time, it is too valuable any more to really play around with my problems, but after a quick look he said, "get out of this, its just diluting the stocks to make it look like something, and you're going to be worse off.....(a paraphrase of whatever negative, negative comment he made looking at the advanced state of the art software this firm uses by all.
Sold all but 350, like I said. 350 gamble that in five years the 350 will maybe be moving up and at 350 a point, that's enough fun to keep it.
I think poor NUMD is in a bad spot. Who is Banyan, like you say? What about another wipeout, and if this merger goes bad someone close by said "I think that's going to be it for the company". Meaning, that's going to be it. Back to .75 at best a share. Or worse.
So, I'm still holding a tie-in medical disaster which seems to be rebounding, and a dreadful oil investment. After I free myself from the mire, never, never again. There is too much good stuff out there that just keeps on doubling, year after year, while fools lose money speculating way too much money on what?
I don't know. It's the "on what?" that bothers me. No more.
And yes, I just got flamed off the GMGC thread because I sold a SECOND block on the downturn where I bought in, just in case, because I didn't want to lose it. Talk about whether or not this is the final bottom on my part, and vague suspicion that it ACTUALLY CAN GO LOWER has led me being grossly publicly flamed. As in almost saying in GET OUT OF HERE AND DON'T COME BACK.
To a certain extent, threads are insane. I feel when they get the most upset is when the stock is really in trouble.
It's like they are desperate and know that to cover they have to have some new fools coming in. Just MHO. GMGC, though, has a brilliant future. It's just the very near term I was questioning, and even that caused a great furor. That's what I don't like aobut the threads. All the longs ...you know what I mean. Very little real integrity with a long who wants more and soon. THEN, worse, even, you've got shorts and day traders and even MMs posting under ordinary names, as I am sure they do.
I think anyone getting into this at this point is highly, highly thrill seeking with a death wish. All that is going to happen is they may be guaranteed the amount they bought in at, and that amount may crash the first week if they hold. Banyan doesn't trade. NUMD has slowly lost all interest from all people, as merger has done nothing to this stock at all. Nothing.
Or, on the other hand, suddenly the merged eintities look great to someone and people start to buy. The original investment doubles, but I just kind of doubt it. On what?
What would make it move up, anyway? Only earnings, and those earnings would have to be almost a year away anyway, as this company loses money and loses and loses.
Susan I believe is heavily invested in her company. She also draws a good salary, though, and so it pays her as she goes along. For the long term, who knows, we could turn around in 7 years and look at it and it could easily be in the teens.
Am just much, much more comfortable only holding 350 shares, And that on pure speculation and dumb hunch I should hold something just for old times sake.
Peter, do understand that all words coming from me are basically from a stock moron who only understands long term liabilities are very, very bad. That's all. I water-witch and use common sense, and on my own seem to do a lot better than following other people I think must absolutely know more and therefore have to be right.
This is just common sense on NUMD. It just is totally up in the air, and a 50/50 either way, it's almost like rolling dice on this. I see nothing sound we can bank on. Is it going up or down? If there is virtually no volume, that means the current brokers, if any, aren't having luck pushing it. If it is selling, how much, or is it now a day traders and mm playpen and they are just churning it back and forth from house to house.
If they only make $1,000 per day on l/16 move, that's enouigh money to justify pushing it around all day long, all year long. )
:)
And if that NOT a weird spread? It's hardly a spread at all. about a l/32 spread. Have no idea what that means except that it is weird from what I've seen everywhere else. That's good for buyers, bad for traders, isn't it? Just curious. |
