Grommit,
sometimes selling on not-so-obvious
bad news is the smart strategy. However,
dumping your stock after the price has
ALREADY been pulverized on a day on which
everything in any case was destroyed suggests
you behaved exactly like many shorts, and
mister market (i.e., the big guys) wanted
you to behave. You let your emotions dominate.
You regurgitated all the short crap that
was fed to you during the last few weeks
and sold when in fact you should've been
buying. The unreal volume of the last few
days were MM shaking the tree real hard,
to see what would fall. The stock of
a company with 5$/share in cash is worth more
than 5$, at least in the short term. For the
stock to go much further down, now, we'll
have to see many more lousy quarters. Downside
risk in the short term is low as sellers have
sold. Any bit of good news may now have the
"unexpected" effect of sending the price
higher.
So you may sleep better tonight... From your
closing comments the end of the world is near!
Don't you know it always is when you invest in
stocks? Just remember, though, someone is happy
with your shares.
As for the long term... Noam et al. took this company
from nothing to sales in excess of 200 million.
They own a ton of shares: don't write them off
as so many others on this thread have done. They are
not stupid. They may not succeed, but if this is the bet
you wished to wage, it should've been done at 20$, not 5$.
Trilobyte |
