RE:AM HERE FOR A MILLION NOT HUNDRED OR THOUSANDS$4 makes you a million, not me. I need at least $5 to get out of this nightmare and to lay my carrying costs. At $10 I can take a trip to the Caribbean.
My Father is elderly and I want to repay him the $150000 I borrowed from him and blew on buying this stock on margin. Time is running out for me, I don't want this to be a 5 year odyssey. He checks the stock everyday but he is not excited yet, $1.50 is still deep in the hole. I have experienced 6 years of agony, it sounds like I am going to have wait years for this to move up because debt repayment will take a long time.
It's all timing, I at one point had $500000 in this stock, it went as low as $18000. I am still down $155000, I need about $4 to break even so I can sell and pay my Father back.
Tax inplications mean I need about $5 to get a little buffer and I doubt I would have the guts to hold past $5 to $10 but I would profit wildly past $5 but that would straight up gambling at that point.
Paying my Father back is very important to me while he still has his faculties.
I have this big burden and ball and chain hanging onto me walking around with so much debt and despair from investing in this dog.
It's timing, if I had invested so much money at 28 cents I would be overjoyed right now but because I bought at much higher levels I am in the dog house for a long time still. My original investment is going to take over a decade to get back to where I was and that's a big if.
Next week we are likely to give some back, I have been looking at loans to either buy more shares or pay off current debts because my carrying costs are $25000 a year. I work like a dog to just keep paying my minimum credit cards to keep my shares going.