Oh, the humanity!!!Man, what a s*it show out there... Dow down over 500 points.
What the hell is this - March of '09? It's like the whole world just overdosed on Exlax today. Sheesh!
The funny thing is, we as investors control our own bloody destiny. If you don't agree to sell something at a low price, then the price remains stable. We have the collective power to control our share price. Apparently, however, there are enough people wanting to desperately sell their shares at a loss. Go ahead, people, sell your shares. But guess what - someone out there is BUYING the damn things, at a severe discount. What does that tell you? While you may think the world is coming to an end, there are an equal number of people thanking you for the fire sale prices they are getting on your shares. And betting the exact opposite that you may be betting, as a vendor.
Who ever has cash right now - God bless you. Cash is king. Keep watching the panic sellers do their thing; then, when you see a couple days of an uptick (i.e. trend reversal), jump on board. To make a quick 30% profit at these entry levels is a no brainer, once all of the distraction, hysteria and panic wear off. The fact remains, Cline has coal - lots of it. The world needs it - lots of it. It is a matter of time until Bates et al. manage to land a sales contract, and when they do, Cline will likely experience significant share price appreciation. Most people who follow this stock are on the sidelines, waiting for the announcement on sales contract(s) as the catalyst to jump in and ride this puppy to the stars.
In the mean time, let's just take some Gravol, lay off of the Exlax, pop a few Tylenol, and chill the hell out. I may vent on this board once in a while, but even I know 'tis better to vent about losing money than put in a sell order and crystallize the loss.
Barisian