RE: RE: cranky newcomers
Yes, and imagine if you had bought STG in 2000 as I did at $3.30. A 10,000 share buy (Cost me $33000.00 in my RRSP) expected to go to $12.00 on their wind turbine. That was the rumour at that time. Actually it managed $5.50 before hitting .05 a year ago. (Imagine a $100,000 invested then at .05!!. Mind you, not much traded either at that price)
The $12 never happened but I did believe in M.C. enough that I eventually got my average down to .18 over the years so I am a way ahead of the game, at least for the moment. I now hold over 1% of the company and every penny difference is worth over $15,000 to me up or down. .10 in a day means over $150,000 up or down. Steady nerves you need! Should I have sold at .42? Couldn't. Wasn't enough bought at that price anyway to do it so you wouldn't be able to sell it at that temporary price. Or at .38 or .30.
Is it going to $2.00? .............Perhaps.
Is some one else going to come along with a better mouse trap?............. Perhaps.
I do want to hear about their new assembly plant and job creation in the worst way. That will drive it up. Until then, we may come down a little bit more.
But I also note that D&D are buying along with the bugbear ANONYMOUS whoever they may be, which indicates the bigger entities are buying while the frightened retailers are bailing out. At least that is my take on the happenings over the past few days. Lack of news after the tantalizing juicy bits of news is slowing us down, as retailers, while the big folks are buying up.
But at least for now, my firm belief is that Robert Bucher will run this up to .60 for 30 days or more to fulfill his options for a couple of million $$$ no matter what ever else may happen. I don't that one.
At that point, I will have to take another look at my options.
Until then???
GLTA