HI Tim,
Read your post several times. Looked at the charts several times also.
I understand your view on the matter. Been there, done that and seems that
I have always been left holding the bag while everyone else was making
money on the same stock that I was holding. Devotion and dedication to a
stock is admirable but most of the time it doesn't make you money. In fact
you end up loosing it.
Now from all indications and investigations SYD is a good buy, but one has
to also think about ones self sometimes. The program is not telling one to
sell but is now appearing that the MACD line which is the solid line is
now at the dash line which indicates that this is in most probablilities going
to go down. That is an indication that one should but not necessarily consider
selling.
Over the years I find it prudent that if the story is good and you beleive in
the story that one should over buy a stock and when the opportunity arises that
and you have an opportunity to get back all your monies and make a profit and still
hold a substancial position, then go for it. Don't feel GUILTY.;-) After all, the
name of the game is make money. If the price falls which they all do, use the profit
to buy back in and increase your position.
I realize that it is hard to sell something that you beleive in but you have to
remember that companies aren't on the same time frame as you are. This IBM thing
has been going on for a long time. My thoughts are that if this was so hot then why
is it taking so long for IBM to do something, but then again, I don't think
IBM is so smart anyway. After all they let MICROSOFT get away from them.;-)
The point I'm getting at is that you and most of all the rest of the folks
tie your monies up while the primary shareholders sell everytime the price moves
up and buy it back when it goes down. Remember, trades on the open market are different
then share that are granted or given. Anyone of these folks can still trade on the
open market and don't have to report what they are doing. Its just trading.
I can almost bet that Agora, Mr.S and whoever are trading this company on the
open market and making money everytime it moves to the upside and buying it back
on the down side. It would be foolishness to think that it isn't happening.
How do you think that they are living when the company is loosing money? Think about
it. So, I ask the question, why not me/you. Do the same thing. Just keep some share in
the bank in case this moves/blows out.;-)
Get my drift?????? This is where the T/As come in. You can only do that with that knowledge.
Remember, if everyone was to trade the stock it would be more volital then it is. They ask
you to hang on through the ups and downs and they sell and buy on the ups and downs. You
keep the price stable and they make the money continuously while you only hope to make
what they are making regularly. That is why the rich get rich and the rest of us only
hope to get rich. I will almost bet that most of the folks that got into this have already
gotten most of their money back and are now playing with someone elses
money.
Several weeks ago Mr.S was on the radio giving a radio interview. Heard it on the business
channel. Everything that Mr.S. said didn't stimulate me to buy the stock. Everything he said
was, well we are working on it or that there was nothing. If I hadn't already sold, I would
of on the next Monday. I don't doubt that was one of the reasons that there was a sell off
the Monday after the interview. Now I will have to check the charts to see if that is a fact.
Syd has a good product but appearently not enough to get folks to say, OK.
The proof is still in the pudding. We will have to wait to see if SYD is a good cook.;-)
Later,
Ron
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