Iam in for the long haul and have total faith in Sycr...If anyone doesn't maybe you need to sell...
I know you mean well, but I really do dislike this statement.
To the old hands (I'm not one -- I've been in since only briefly before the quick rise, $0.875 per share, sold at $1.3125 per share (hoping to buy again cheaper), then back in at $1.56, where I sit now), let's have a little more patience with some of the newcomers' questions. Rather than tell people, in essence, "love it or sell it", I'd prefer to advise these folks (as some have done) to relax a bit and get caught up on your due diligence now, because it's staying relatively stable for long enough for you to make an informed decision regarding keeping or selling the company.
To the newcomers, I'd suggest doing more DD (even if it's limited to reading old messages in this thread) before pummelling others with the questions, many of which have been answered recently.
I got onto SI this morning, saw something like 78 messages in this thread, read the most recent message, and got back out to reset my counter. Too many messages for even me, a prolific messager, to deal with.
My personal advice on this company, for any that want to hear it:
If you bought it as a trade, you've good reason to be freaking out right now. All is not lost, though. Take advantage of this puppy's tendency to overreact on the plus side (if that's how you see it) and sell for a gain in February.
If you bought it as an investment, don't even look at these rapid movements; keep your eye on where you think it'll go in the long-run.
This company has already demonstrated (as long ago as two years and as recently as this and last week) extreme susceptibility to rapid and large price movements. It's just the nature of this particular beast.
Personally, I'm an *investor* in this company. I got in as an investor to begin with, got my hand slapped trying to *trade* it, and immediately admitted my mistake and got back in as an investor. This one, along with FTEL, is one I'll just keep increasing my position in as available funds and price allows.
If you're a trader, I don't think it's important to sell now to cut your losses (IMHO). If selling at a loss is what you will do eventually, I think you've got plenty of time to do some DD before making that decision. It seems to have found solid support at 2+. Keep in mind the way this one likes to over-react to news, then keep in mind there's quite a bit of news coming out *very* soon. You traders may just end up cleaning up, if you hang on. Personally, I'm still looking around my house for things I could easily live without if it'd free up money for more SYCR at these prices.
One more thing. I commented earlier about my negative take on my conversation with John Shaw. It's only fair to point out that I agree with someone else's post that he may be just overly-stressed right now and not making a terribly great first impression at the moment. I'm sure he feels about the numerous phone calls from panicked traders the way I feel about seeing so many of them in this thread. A bit put-out, but no real ill will.
As a relative newcomer to this thread, I may not be qualified to have written the above. If so, tough. <grin> |
