My FITX Story I invested in FITX after doing so
Post# of 56324
Posted On: 10/12/2014 11:20:34 AM
My FITX Story
I invested in FITX after doing some a lot of investigation. This is serious for me, as a middle class man I see almost no opportunity for my three kids to attend college, without overwhelming debt, unless I make a smart investment somewhere outside of my retirement fund.
So, I find FITX, it has a good idea, in an emerging sector, an excellent BOD with some amazing credentials, and the potential for serious growth. So I take the money that I decided would not be too much for me to lose, but enough to make a difference, and I buy.
I watch as excellent new BOD members are added.
The price drops, I hold.
I watch as FINRA stops the trading of some other companies in the sector (some for good reason, some not).
The price drops, I hold.
I watch as a high tech, state-of-the-art building goes up on a near-empty piece of land in Canada.
The price drops, I hold.
I watch as bashers, flippers and a dumbass make up “news.”
The price drops, I hold.
I watch as talk of merger with RXNB become solidified and insurance is added to business.
The price drops, I hold.
I watch as Health Canada plods along (for whatever reason).
The price drops, I hold.
I watch as FITX hires The Academy of Applied Pharmaceutical Sciences for a five day course.
The price drops, I hold.
I watch as FITX announces completion of its pre-license inspection by Health Canada.
The price drops, I hold.
I watch as excellent new BOD members are added, once again.
The price drops, I hold.
I watch as odd and unproven rumors of lawsuits and zoning issues pop up.
The price drops, I hold.
I watch as very interesting news from Ukraine is teased.
The price drops, I hold.
I read a crazy article about money laundering.
The price drops, I hold.
Moral of the story: I simply put my faith in my original, and continuing, DD; the business plan still makes sense - it is a good investment. I am long FITX. I have been tempted to move on, but my resolve is unmoved. I was tempted to ride the bumps, and sell and re-buy to increase my position, instead I just hold. I’ll add more if I can, but I’ll do it the old fashioned way. I am either crazy-stupid, or patient and smart. Time will tell.
I invested in FITX after doing some a lot of investigation. This is serious for me, as a middle class man I see almost no opportunity for my three kids to attend college, without overwhelming debt, unless I make a smart investment somewhere outside of my retirement fund.
So, I find FITX, it has a good idea, in an emerging sector, an excellent BOD with some amazing credentials, and the potential for serious growth. So I take the money that I decided would not be too much for me to lose, but enough to make a difference, and I buy.
I watch as excellent new BOD members are added.
The price drops, I hold.
I watch as FINRA stops the trading of some other companies in the sector (some for good reason, some not).
The price drops, I hold.
I watch as a high tech, state-of-the-art building goes up on a near-empty piece of land in Canada.
The price drops, I hold.
I watch as bashers, flippers and a dumbass make up “news.”
The price drops, I hold.
I watch as talk of merger with RXNB become solidified and insurance is added to business.
The price drops, I hold.
I watch as Health Canada plods along (for whatever reason).
The price drops, I hold.
I watch as FITX hires The Academy of Applied Pharmaceutical Sciences for a five day course.
The price drops, I hold.
I watch as FITX announces completion of its pre-license inspection by Health Canada.
The price drops, I hold.
I watch as excellent new BOD members are added, once again.
The price drops, I hold.
I watch as odd and unproven rumors of lawsuits and zoning issues pop up.
The price drops, I hold.
I watch as very interesting news from Ukraine is teased.
The price drops, I hold.
I read a crazy article about money laundering.
The price drops, I hold.
Moral of the story: I simply put my faith in my original, and continuing, DD; the business plan still makes sense - it is a good investment. I am long FITX. I have been tempted to move on, but my resolve is unmoved. I was tempted to ride the bumps, and sell and re-buy to increase my position, instead I just hold. I’ll add more if I can, but I’ll do it the old fashioned way. I am either crazy-stupid, or patient and smart. Time will tell.
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