Craig, do yourself the favor, and quit punishing yourself for feeling a loss on what seems to make sense.
I currently, do not own any shares, unfortunately already took care of losing plenty of money on paper last year with this one. I don't lose sleep on what I lost and I should; I'll make it back on others. However, I do lose sleep having customers in it. It's become personal with ANCR.
It came to me the other day, ANCR became public premature, the market was not there to sell to, the timing makes no sense, funding could have been found privately, ask Brocade, how did they find capital? I personally believe this was done to compensate one of the founding father's of fibre channel so as to provide annuity payments to retire on (How old is that guy anyway?)
ANCR may never land the OEM's we've wished upon, they've seemed to have no contacts in the past, yet it looks as though they're attacking that problem (what were all those shares for anyway which were voted on in the latest proxy? incentive plans? I don't know? were they approved? maybe for a split one day, just kidding, but who knows?)
I truly believe Fibre Channel is the future. ANCR was the only true (public) fibre channel company when I first invested in this technology, and I'll stick with the founder.
The founder will not die. As management has stated, there's enough business to become which will float all boats.
Remember, the NEED FOR SPEED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LONG LIVE ANCR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I guess I'm stupid too, but I'll still buy back in though, guess I'll never learn, go figure. Just wish I would have waited to dump all that money in at this price.
good luck to all
Todd |
