I have fun trading stocks and just happened to be

Quote:

---

I have fun trading stocks and just happened to be give a stock 'tip' from an old friend for JBII.

---

Did you buy the stock without looking into it, or did you investigate? Were you the one with the lawn mower?

Quote:

---

I played with $11k and got burned. I own it. Now I simply am floored at how many people get taken in and become a deer in the headlights by throwing good money after bad in hopes to break even.

---

Let's try a little "simple math" experiment.

A person buys 5,500 shares of a company at $2.00 / share. Share price drops to .01. Share price rebounds to .045.
1). Person sells at .01, suffers 99.5% loss.
2). Person waits until stock rebounds, sells for .045, suffers 95.5% loss.
3). Person buys another $3,100 worth of shares at .01 (less than a third of his / her initial investment), sells at .045 for a very small profit, and moves on with all of his / her money, having mostly suffered the opportunity costs of not having invested elsewhere.

The irony here is that the very investors who lament "getting burned" by PTOI discourage everybody else here who might be down on their initial investment from even considering door #3. To be clear:. I am not offering investment advice (although I did encourage Pee Pee to consider becoming a shareholder in our hypothetical "lossy mattress" scenario). There are never guarantees when DCA'ing in a penny stock, especially one with the volatile history of PTOI; but there is no denying that the #3 scenario described above (with numerous different price combinations across the last several years) has indeed played out for me, although I still haven't sold a share. Did it take a while? Yes. Could it go back to (or below) .01 from here? Absolutely. I believe that is also referred to as "risk", and is spoken of prominently across multiple venues.

Quote:

---

Words of advice no longer matter because pride wins out.

---

A corollary to your premise might be that anger from feeling duped clouds the ability to rationally consider all available options.

Quote:

---

Sad state of greed.

---

In the very real case of #3 above, it might be luck, patience, strategy, or a combination of the three - but greed is not in that trifecta. In my mind, it would have been the decision of risking another $3,100 to maybe make back my initial $11,000 investment - not betting on making $millions.

Quote:

---

Happy to have paid ONLY my $11k loss and the entertainment these boards have given me was so worth the price of admission.

---

I would derive no satisfaction from SMBs if I had suffered the loss you claim; good on you for finding the silver lining.