Observed, participated, left, now I will comment.
Just finished typing to the bottom this puppy is very long for my first post but too late....I think it is a good read.
Hi all I have been lurking for the last month, after my 2 week trial I found out you can just use the search as way too see everything, but I was left without a voice, now that I auntied up I think I will tell the good people here so that they are aware, perhaps it is supposed to be that way. I'll introduce me: I have good instincts and am lucky, but my exit statedgy is poor, I have left too much money on the table. Advice and help on that will be most appreciated.
First I would like thank Rande for finding this Gem, a nice stock found early and posted with great reasearch and insight. Rande I was up 40K but did not take it, that is not your problem, isn't a 300% worthy by itself. You see I understand this all now but not earlier as you will see
I bought several times 3.5 5 7.75 and was doing great, on Thursday I bought at 11.9 which was my first mistake. My next mistake was not selling off half to cover everything I put in when I had the chance on Friday,
You see I believed in the "battle" But I was inside my ideas and decided that I should be the PIG. This would be glorious, I would see it to the teens, I put sells in at 39 the next point of resistance as this would be KTEL or SKYM. Then the slip on Friday afternoon, well not I was below my 11.9 so I could not sell. This last purchase at a the High would only distract me. Well I decided to wait out the WWW site, as the pop was a sure thing, closing bell at 4:00 but we trade out till 4:18 hmm that was odd.
Next the in the family CFO sabatoges the launch with a resignation just sitting out there to be viewed the entire weekend, was this a KCSA great idea or what? So I read all the boards over the weekend and the fight was great, but I thought I would see out the site which came up, I was awake at only 6:10 but when I check there was no news? What? There was no price jump, What? The stock was halted What? I then watched in stunned, trully stunned, you could put large pins through my arms and I would not bleed stunned. The sucker dropped so fast I could do nothing. It stablized at 9 by the time I could move. 2nd big mistake I had no exit point planned to get out under 10, all my thought were for the big POP.
Anyway we go down and down, I hold out the day. Rande my unacknowledge Champion is stunned himself, and I am not even close to his skills. Well at 6 where it stayed today, I was underwater about 12K, which is signficant, I was playing with 6000 Shares and was up 45K but I never called up to say. Give me the money. I should have I was an PIG to believe that I could just rocket up. But with market it is possible.
The next mistake was thinking all the shorters were jerks or evil or whatever, shit those were not my thoughts, the were other posters, all I knew is that I did not want to Short stocks until I knew how to protect myself, the unlimited downside is something I need to master before I venture, but anyway A@P was putting out the word to get out, but a little late for me, as I could trade over the weekend, and I work during the day.
Anthony and others, you should realize that at least you guy bet that it goes down, on it own accord, this is far less "nasty" than to bet that the stock will pop for 3 days and be sold to someones mother to hold the bag. So shorts are not that bad, but pumpers and dumpers are far worse. So I hope we can quell all this Good vs Bad junk, both the Rande camp and A@P camp are looking for profits. A@P just seems to find the bad carabou easily
So today I set my break even triggers and went into work, I got out automatically after the news and lost the upside of about 7K profit if I would have done it by hand.
Well what can I say the small profit I took out, I just spent to be here and be able to talk to you all. I am by nature and mother a true Sophist, and can argue both side concurently understanding the merits of both but looking for truth.
This has been a great education and I want to thank both Rande and A@P you two are both guys I want to hang out with. Seriously both of you don't need to but go out of your way to help guys like me. You guys are independent complimentary to each other as well.
Lastly I am going to print T-shirts that say "I survived the Great PRFM Web-site Launch" anybody want one?
Best Regards |
