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Posted On: 02/25/2022 12:47:18 PM
Post# of 36541
Seems like a funeral and all are saying goodbye - can't say that doesn't ring true right now. I will say I too thought Build's post was spot on and expressed many of the same thoughts I have, and my reaction is going to be similar - not hanging out here much until something happens which may be tomorrow or never. I will say I continue to hold all my shares, and will continue to do so until I need a capital gain offset - although, since I've been transferring most of my shares from a brokerage account to a Roth IRA, even that won't be very useful. This latest episode sure hasn't made my Roth account value look any good, either - lol.
Final train analogy, based on actual experience - the GNBT train left the station, headed into a tunnel and never came out the other end (really happened back in 1982 or so to a work train I was working with) - we figured it wrecked in the tunnel, but had no idea how bad it was. We had to go in on foot to find out (the radios didn't work in the tunnel).
I guess we're all on foot right now, heading towards that tunnel to see what awaits. The good news is the engine of that actual train just failed, and the crew worked on it to get it going again. Quite the shock when the light we saw as we walked in suddenly started getting closer! Not saying Joe will get this engine started again, but at least I'm saying there is a chance. I will tell you all this - I ain't holding my breath right now.
Good luck to all here and on the Friends FB page. If this goes as bad as we all suspect, it's been great "talking" and sharing ideas over the last 15 years or so. Didn't think it would end this way, but I've been wrong many times before, and I suspect I will continue to be wrong many times into the future. As Joe often said, this was always a high risk investment and it was squarely on me that I bet as much as I did that it was going to succeed.
Final train analogy, based on actual experience - the GNBT train left the station, headed into a tunnel and never came out the other end (really happened back in 1982 or so to a work train I was working with) - we figured it wrecked in the tunnel, but had no idea how bad it was. We had to go in on foot to find out (the radios didn't work in the tunnel).
I guess we're all on foot right now, heading towards that tunnel to see what awaits. The good news is the engine of that actual train just failed, and the crew worked on it to get it going again. Quite the shock when the light we saw as we walked in suddenly started getting closer! Not saying Joe will get this engine started again, but at least I'm saying there is a chance. I will tell you all this - I ain't holding my breath right now.
Good luck to all here and on the Friends FB page. If this goes as bad as we all suspect, it's been great "talking" and sharing ideas over the last 15 years or so. Didn't think it would end this way, but I've been wrong many times before, and I suspect I will continue to be wrong many times into the future. As Joe often said, this was always a high risk investment and it was squarely on me that I bet as much as I did that it was going to succeed.
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