Very good response and well thought out Bsav. You covered the topic very well so I will switch gears somewhat.
I have been involved with small cap micros for years. I have found only 1 stock over a couple decades that turned profitable and made me quite a few dollars. It was too not without heartache. I believe we will see the same here over the next 3-6 quarters.
Ok. It is very difficult to be objective when you put on a position that is meaningful to us. For me to be objective and criticize my OWN POSITION IS NEXT TO IMPOSSIBLE TO DO SO. Why in the world would I openly poke holes in something I own that represents a good amount of $$$$$ for me. Now if you are very well off and this is just a hobby for some thats a different story. But I find that with a stock thats .05 to .25 cents a share it gives us the ability to buy a lot of shares and allows us to THINK BIG WITH DREAMS. A lot of times including myself I get overextended and take on too much stock because I look at the price and think ok I will buy another 500k shares at .10 thats 50k. Well before you know it your $$$ you have in the deal starts making you ansy because 2 things. Liquidity has dried up and the timing of certain events did not go according to plan. Well without compounding the last 5 months scrc fundamentally had 2 streams of active income that was not enough to keep the lights on. But Bob and his team pulled a rabbit out of a hat and compounding has been a life-saver. My point for guys they say they own x and criticize on a daily basis and then decide to join in the discussions of the chp's of the worls absolutely makes no sense at all. 1 or 2 things with this scenario. #1 highly likely that they sold in the hopes of buying in cheaper to mitigate losses. #2 They are just so bitter and so disgusted that they start pointing fingers because it temporary makes them feel better. The majority that say they OWN DO NOT OWN AND ARE ATTEMPTING TO BRING IN STOCK. I would say this is 90% accurate over the last 20 years. Its illogical for someone to have serious dollars invested and talk their own position in unless they truly have FU $$$$ and don't care. But that scenario is highly unlikely.
Bottom line: 90% of the time impossible to be objective when have serious $$$$ in the game. Only when you sell you talk the stock in.
I have been involved with small cap micros for years. I have found only 1 stock over a couple decades that turned profitable and made me quite a few dollars. It was too not without heartache. I believe we will see the same here over the next 3-6 quarters.
Ok. It is very difficult to be objective when you put on a position that is meaningful to us. For me to be objective and criticize my OWN POSITION IS NEXT TO IMPOSSIBLE TO DO SO. Why in the world would I openly poke holes in something I own that represents a good amount of $$$$$ for me. Now if you are very well off and this is just a hobby for some thats a different story. But I find that with a stock thats .05 to .25 cents a share it gives us the ability to buy a lot of shares and allows us to THINK BIG WITH DREAMS. A lot of times including myself I get overextended and take on too much stock because I look at the price and think ok I will buy another 500k shares at .10 thats 50k. Well before you know it your $$$ you have in the deal starts making you ansy because 2 things. Liquidity has dried up and the timing of certain events did not go according to plan. Well without compounding the last 5 months scrc fundamentally had 2 streams of active income that was not enough to keep the lights on. But Bob and his team pulled a rabbit out of a hat and compounding has been a life-saver. My point for guys they say they own x and criticize on a daily basis and then decide to join in the discussions of the chp's of the worls absolutely makes no sense at all. 1 or 2 things with this scenario. #1 highly likely that they sold in the hopes of buying in cheaper to mitigate losses. #2 They are just so bitter and so disgusted that they start pointing fingers because it temporary makes them feel better. The majority that say they OWN DO NOT OWN AND ARE ATTEMPTING TO BRING IN STOCK. I would say this is 90% accurate over the last 20 years. Its illogical for someone to have serious dollars invested and talk their own position in unless they truly have FU $$$$ and don't care. But that scenario is highly unlikely.
Bottom line: 90% of the time impossible to be objective when have serious $$$$ in the game. Only when you sell you talk the stock in.
