GREY:SBIYF - Post by User
Post by
Economistoon Dec 02, 2009 1:05pm
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Post# 16545849
Wise or foolish?
Wise or foolish?
I guess I've already given my opinion about 10 posts ago. They need to show that the process is scalable, and is economical. Indeed, the company says that developing better seeds and demonstrating scalability is its main aim. It's been saying that for at least 18 months now. It has funding for 6 more months. If it succeeds, the skies the limit. But, let's face it, failure is a possibility.
I too began buying when the stock was over $3. As it's fallen I have doubled down several times. I'm far too underwater now to consider selling. If we fail, i go down with the ship. If we succeed, we seem like prophets as we bank the profits (sorry), since this could easily be a $5 stock if we get a partner.
It's true the share price is about 18 cents now. But I find that very encouraging. I had expected it to be down as low as 11 cents due to risks and tax loss selling. It still think it will go to 11 or thereabouts. If anyone is considering doubling down, that would be the price to do it.
E'o