Thanks All..I really appreciate the comments and answer to my questions by thoughtful posters. I actually emailed Lebed a month or so ago because he was paid to promote this stock and on his website he INVITES people to write in to him to ask about a particular stock if you want more information on what HE thinks about the stock. So.. I thought 'great'.. I'll just ask him if he sees a future for this company. I sent him a very respectful email thanking him for the past plays that I had made money on at his recommendation and asked him if he still had hope for Encore after his paid promotion was up. .........crickets chirpping........... ..No answer at all. ..So I waited a week or two and sent him another more direct/shorter but still respectful email. Nothing.
So, that told me that he didn't want to face someone that had bought in to his promotion on a company that probably wasn't going to do well in his opinion. ..But that is only what I conclude from his silence. He may have a completely different reason for not answering me. I'm not sure why he wouldn't just send me a 'Stay The Heck Away From Encore' email if that is how he feels. Heck, I don't blame anyone but me for my investment decisions. I only wanted his opinion ..which he says he will give but didn't.
Anyway, thanks again. I will keep checking this board while I try to make my decision of whether to sell now at a loss (bought in at .06) or whether to hang on longer.