I think Pipeholder, who has traded this stock cons
Post# of 43066
Posted On: 02/14/2013 7:34:13 AM
I think Pipeholder, who has traded this stock conservatively and correctly IMO, sums things up in a way that echos what I have been saying: "That about sums it up. Right now its just a speculative stock. If you really examine why you bought it, you bought it in the hopes of making a big gain in a short period of time. You did not buy it for the fundamentals because it does not have any.
Its action of the last few years is completely consistent with a speculative stock. You are speculating that P2O works and that the company can become profitable. There is absolutely no assurances of any of this happening at this point in time. I don't care how many awesome pictures there are or SAIC reports of operational profitability there are.
You bought this stock on speculation. I am not saying that the speculation cannot work. I have seen spectacular speculations work out and shareholders rewarded with incredible gains. It might happen with JBI and I hope it does. I am just trying to take the emotion out of this because I see a lot of it on this board and the disappointment is tangible and it turns into a lot of anger that events don't work out as you would want it to.
You need to keep in mind what this stock is and that it can go to zero. I AM NOT SAYING IT WILL. But it is simply a spec at this point. You cannot do any analysis other than hope this potentially incredible process works.
I have seen it time and time again where investors stubbornly cling to what they want their emotions to happen and don't keep an eye on reality.
Having said all that, I keep an eye on this stock very carefully. The odds are very long but I have never seen a stock that potentially could be hugely profitable like JBI. I just have not seen the real evidence to date to make me really comfortable. Its a spec and you need to keep that in mind. Not trying to lecture but just realitying."
Its action of the last few years is completely consistent with a speculative stock. You are speculating that P2O works and that the company can become profitable. There is absolutely no assurances of any of this happening at this point in time. I don't care how many awesome pictures there are or SAIC reports of operational profitability there are.
You bought this stock on speculation. I am not saying that the speculation cannot work. I have seen spectacular speculations work out and shareholders rewarded with incredible gains. It might happen with JBI and I hope it does. I am just trying to take the emotion out of this because I see a lot of it on this board and the disappointment is tangible and it turns into a lot of anger that events don't work out as you would want it to.
You need to keep in mind what this stock is and that it can go to zero. I AM NOT SAYING IT WILL. But it is simply a spec at this point. You cannot do any analysis other than hope this potentially incredible process works.
I have seen it time and time again where investors stubbornly cling to what they want their emotions to happen and don't keep an eye on reality.
Having said all that, I keep an eye on this stock very carefully. The odds are very long but I have never seen a stock that potentially could be hugely profitable like JBI. I just have not seen the real evidence to date to make me really comfortable. Its a spec and you need to keep that in mind. Not trying to lecture but just realitying."
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