here is my take on the situation. i do think the company has a great product and in time will do well. lets hope sooner rather than later, right?
in the immediate situation, i'm not adding more shares and i dont think anyone should. why? why would i buy shares this week when its almost a guarantee that i could buy the same shares next week for 20% less. i think an argument could be made that additional buying is fueling the selling. until there is great news, i dont think any amount of buying is going to offset whomever is selling their shares. its a bottomless pit. of course, this is only my strategy and everyone should follow their own path.
i have some real money invested in this stock and would love to see a return on it and like many of you i'm way in the red.
perhaps if everyone stopped buying, we might see penny or sub penny. maybe perhaps that will deter whomever is dumping their shares. to me, it doesn't matter what the share price is. if the company takes off and the financials are good in 20 days, the share price will bounce right back up and will take care of itself.
i intend to buy more shares but will only do so on the upswing. i want to see the bottom first. i think someone is playing games with our cash.
just my two cents.
cheers, everyone.
in the immediate situation, i'm not adding more shares and i dont think anyone should. why? why would i buy shares this week when its almost a guarantee that i could buy the same shares next week for 20% less. i think an argument could be made that additional buying is fueling the selling. until there is great news, i dont think any amount of buying is going to offset whomever is selling their shares. its a bottomless pit. of course, this is only my strategy and everyone should follow their own path.
i have some real money invested in this stock and would love to see a return on it and like many of you i'm way in the red.
perhaps if everyone stopped buying, we might see penny or sub penny. maybe perhaps that will deter whomever is dumping their shares. to me, it doesn't matter what the share price is. if the company takes off and the financials are good in 20 days, the share price will bounce right back up and will take care of itself.
i intend to buy more shares but will only do so on the upswing. i want to see the bottom first. i think someone is playing games with our cash.
just my two cents.
cheers, everyone.
