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Microcap & Penny Stocks : Entertainment Boulevard, Inc. (EBLD) -- Ignore unavailable to you. Want to Upgrade?

To: Guy. who wrote (132)	1/23/1999 8:10:00 PM
From: Rich Investor	Read Replies (1) \| Respond to of 138

Guy, I appreciate your point of view on this one, but I had a VERY BAD experience trading OTC a while back that made me think twice about investing in it again. I initially felt that EBLD was on the up and up when I bought into it, regardless of my past experience, but when I saw the share price decline like it did, I bailed. I don't really have the tolerance for EXCESSIVE risk like some do any more, although I still accept that risk is part of the game. (These are speculation deals first and foremost) I am aware that money can be lost as easily as it can be made and I therefore limit my losses to profits already made instead of principal. I just won't go that far, and if I hadn't gotten out when I did, my losses would have much greater after Friday's close. Probably around $20,000 with a portion of principal eliminated. In my current position, I can buy other stocks out there that are on the upswing to recover those gains I lost in EBLD, and because I believe this stock is going to stay low for a while yet, I can get back in probably with a larger position a month from now. This is just my personal strategy, and I don't suggest others adopt it, but I have a feeling others operate the same way too. Preservation of capital is almost a cardinal rule of investing for the majority. I am sorry for you losses Guy, and I truly wish things would have worked out better for us all. I kind of feel responsible because I posted positively about this company in the past that might have gotten some on here excited, but I believe that the good times for EBLD will be seen in the next few months. Take Care Guy!!