I have wanted to buy in for another million shares
Post# of 56324
Posted On: 07/07/2014 6:37:55 PM
I have wanted to buy in for another million shares and will have 3 + milly. I will only get more if I can get them under .04¢. This breaks a major rule of mine. I almost always buy when a stock is making new highs and indicating going higher.
Those of you who remember the Internet boom will harken back to the "cant lose" days. I was in a stock named Sidedware and it was set to go ballistic. All the ducks in a row. Great BOD and the nicest picture painted. Then the slide started. Similar in a lot of ways we are looking here. Next thing. GONE. And all my money went with it. No recourse. Info dried up and gone. Can't trust the pennies. The good ones are one in a million. This time I am betting what I consider wasted money. If it flies, it flies. If not then a nice tax write off for many years to come. Time will tell. Hang in there and cull your position to what you can afford to lose. Personally, I am investing more in that other company that is already growing and selling out. Well, used to sell out. Now they have a constant cycle in production and for sale. I am betting on and can certainly see that they already have 518000 sqft of grow space. Fitx will have 50+ thousand if and when they start growing. Yes the PPS is in the 2 dollar range but so was apple when I got in in the late 80s and we all know how that turned out. On a side note, having millions of dollars does not bring happiness. It created a whole world of different issues.
Those of you who remember the Internet boom will harken back to the "cant lose" days. I was in a stock named Sidedware and it was set to go ballistic. All the ducks in a row. Great BOD and the nicest picture painted. Then the slide started. Similar in a lot of ways we are looking here. Next thing. GONE. And all my money went with it. No recourse. Info dried up and gone. Can't trust the pennies. The good ones are one in a million. This time I am betting what I consider wasted money. If it flies, it flies. If not then a nice tax write off for many years to come. Time will tell. Hang in there and cull your position to what you can afford to lose. Personally, I am investing more in that other company that is already growing and selling out. Well, used to sell out. Now they have a constant cycle in production and for sale. I am betting on and can certainly see that they already have 518000 sqft of grow space. Fitx will have 50+ thousand if and when they start growing. Yes the PPS is in the 2 dollar range but so was apple when I got in in the late 80s and we all know how that turned out. On a side note, having millions of dollars does not bring happiness. It created a whole world of different issues.
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