I fail to see why buying stocks trading at $0.035 calls question to my character. I saw an opportunity with a company that I believed had a chance of success. I have spoken with management of WACC on several occasions and I belive that the stock has long term potential...I intend to hold that stock for the long term. As for IBIS and shorting, I simply feel that the recent rise in the price is due for a correction. When the price reaches a level more consistent with their past performance, I will most likely go long on it. Until then, I think it would be foolish to buy into a company such as IBIS at these levels as it will only result in a short term loss right off the bat which may take months to overcome. I am sorry that you feel I am pumping and dumping stocks, but I assure you I am not. I have been on the wrong end of that scenario and would not wish to leave anyone holding the bag on a penny stock. I simply try to give my opinion on what a particular stock may do based on my experience. If it makes you feel better, I will paste the following disclaimer at the end of all my penny stock posts:
The Securities Exchange Commission has expressed concerns that the stock price for companies with small market capitalization (also known as "small cap", "micro cap" or "penny" stocks) may be particularly susceptible to manipulation. Therefore, you should carefully evaluate the information posted by other members about such stocks on the Five Dollars And Under discussion threads, as well as on other Silicon Investor threads. Silicon Investor assumes no responsibility for the accuracy, currency, completeness or usefulness of information in any material on its site and it does not endorse any opinions or recommendations posted by members, nor does it give tax or investment advice or advocate the purchase or sale of any security or investment.
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