RE:Now I'm Really Depressed... hey Kelowna. Never be upset with a profit no matter what happens after. There's always going to be the "shoulda, woulda, coulda's". You'll make yourself go crazy thinking about that. If we could make all trades green, we'd all be millionaires. I'm happy for your profit on that trade.
KelownaClown wrote: Sheesh, so more than a year ago, I bought 230,000 shares of GBLC at an average price of about 5 cents, It did nothing for more than a year, in fact it probably almost went to zero.
Then, finally, in January it started to move up. I watched it hit 10 cents, and then when it dropped to 9 cents I got antsy and pulled the trigger and sold all of it. I made about 4 cents on 230,000 shares and was feeling pretty good because I'd made $9,000.
Well, f-k me, I just took a look at GBLC, and on Feb.23 it hit 49 cents !! I could have made 44 cents on 230,000 shares which equals over $100,000.
Man, if I wasnt depressed enough by what's going on with Valens, now I really feel depressed...
Anyway, here's what I figure. Family and friends of insiders got word of something and started to buy, and that initial buying is what pushed the share price to 10 cents. Then, people who had held forvever, were happy to get their money back and even make a little bit, so they sold, whcih dropped the price a penny. I saw the price drop and figured I better get my money out while I could. Then about 2 weeks later - kapow! 49 cents.
Lesson learned, I guess I should have sold half...That's painful. I could have made 100 G's. D@mn!