RE: RE: RE: RE: RE: Where is Mark today??gw: I am making a very straightforward bet on the company, when it comes down to it. Either they bankrupt, or they don't.
If the move forward and recover, which is the side I'm on, then I have no problem with where I bought. I don't consider it a gamble because I've researched the financial picture and feel the risk of bankruptcy is low.
If they bankrupt, I have gone in conservatively enough that I'll certainly still be standing. I didn't buy my whole position at once and I think that's a fairly typical buying strategy. I would naturally rather have bought the last round at 26 cents instead of 51 but there is no way of predicting the severity of some of the short terms movements.
Trading under annual earnings is something that I would hope is finally an obvious enough buy signal that the manipulation will ease up and the stock will move forward. Of course, I could be wrong and maybe some big player really wants to nail this company right into the ground. I tend to think though that this was the big event that the shorts were waiting for and now they will finally be out of here and the stock can move forward.
I'm sorry about the crap that all you longs have been dragged through. I very sincerely hope this works out for you. I am not a fan of the extreme greed from some of the big institutions that drive games like this.
Mark