Good post Mike. I find it fitting that you and Carole posted together... both of you have played this stock well. I am submitting my mea culpa here.
I violated the number 1 rule of stock trading...getting married to a stock. This stock is a perfect example of how too much DD can, on occasion, be a bad thing. My over DD kept me from trading it like a BB stock(or any issue) should be traded after a wild run.
The two of you were able to separate from that irrational exuberance, at least to a much better extent than I. I was caught up in it. However, I must admit that I continue to be amazed how they are now appearing to "snatch defeat from the jaws of victory", at least in the short run.
Mike, CSMA is truly the Baltimore Orioles of the BB, correct? EnviroTec and LPS(Palmeiro, Anderson, and Alomar and the pitching rotation--on paper of course).
Where are the progress reports on the well? If things are going on, keep the shareholders informed. And to those who ask why give us detailed updates, I respond with this: If a whopping$45,000 investment in a gas well and a re-order for AdHatters warrants news releases, then why not EnviroTec status??
Fortunately, the paltry amount that I kept out of CSMA has done quite well, so it's enabling me to at least hang on. But still, I can't in good conscience recommend this stock as a buy, even now. And it's not just the price, but the lack of information dissemination, that leads me to this.
Not to sound like a broken record, but the well has a customer base that must comply with state law and the well is the only provider, so where are the contracts????
LPS had this large base of brokers, so where is that business?
Any thoughts here?
BTW, contrarians state when the scales tip heavily to bearishness, then a turnaround is in the offing...so, who knows?
TG learning his lesson the hard way..needing a three bagger to break even(and cover modest costs) |
