A R/S does not always spell doom!
I've posted on Fan Page and iHub my experiences with R/S stocks. As one who "plays" down here, I realize many stocks are dogs and R/S sends them into oblivion.
But one I listed in an effort to lift the spirits of fellow traders and with no hidden agenda, was SFOR.
AJ will remember this one we were trading with FLOW. I made a few nice d/t wins for the usual $300 to $500 profit when I got caught.
I refused to sell at a loss and I averaged-down but it took such a beating including a 1/1000 r/s and another 1/650 r/s. I think anyone would agree that baby was a lost cause.
Not so! I eventually recovered my investment with a tidy profit but it took time. It took patience. And it took character. (if I don't mind saying so myself)
I have BEEN there and no amount of whining and crying and railing on iHub or FB has ever accomplished anything. Knuckleheads on both of those sites are screaming for retaliation against Ben Powell. Somehow they are convinced that he has been running a scam all along. That is ridiculous!
The only thing they are in danger of accomplishing is to force REDG into BK. They are too inexperienced or too blinded with rage to realize that he could go into Chapter 11, to achieve this reorganization, and routinely cancel their shares!
He's been forthright and honest. He has failed in several attempts, but he keeps on trying. We'll get out of this as I have many times before. That's par for the course down here in the OTC.
Great risk translates to Great reward. "If you can't take the heat..."
I've posted on Fan Page and iHub my experiences with R/S stocks. As one who "plays" down here, I realize many stocks are dogs and R/S sends them into oblivion.
But one I listed in an effort to lift the spirits of fellow traders and with no hidden agenda, was SFOR.
AJ will remember this one we were trading with FLOW. I made a few nice d/t wins for the usual $300 to $500 profit when I got caught.
I refused to sell at a loss and I averaged-down but it took such a beating including a 1/1000 r/s and another 1/650 r/s. I think anyone would agree that baby was a lost cause.
Not so! I eventually recovered my investment with a tidy profit but it took time. It took patience. And it took character. (if I don't mind saying so myself)
I have BEEN there and no amount of whining and crying and railing on iHub or FB has ever accomplished anything. Knuckleheads on both of those sites are screaming for retaliation against Ben Powell. Somehow they are convinced that he has been running a scam all along. That is ridiculous!
The only thing they are in danger of accomplishing is to force REDG into BK. They are too inexperienced or too blinded with rage to realize that he could go into Chapter 11, to achieve this reorganization, and routinely cancel their shares!
He's been forthright and honest. He has failed in several attempts, but he keeps on trying. We'll get out of this as I have many times before. That's par for the course down here in the OTC.
Great risk translates to Great reward. "If you can't take the heat..."
