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Posted On: 03/03/2022 11:40:25 AM
Post# of 154238
Re: craigakess #119428
Quote:
I am 70% down on my investment with an average SP of about $2.....Would a $5 BO make me money? Yes. Is that what I want? HELL NO!
Because I started out day trading this stock, when I did go long, it was mid 5's after it bounced from 2's to 7's and then back down and up to 6's and I locked in on the science. Long story short, I have continued to trust the science and cost averaged down to mid 3's. My total position will be 10x my original investment and that is crazy! I would be disillusioned, to say the least, if we ended up being squeezed into a lowball buyout because a majority of voting shares went along with it.
TRUE CONFESSION: I day traded 12M of small to midcap stocks in 2003 and my full year results were +$365 (so I have experienced a lotta grinding for precious little to show for it in the final analysis.)
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