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RE:RE:CAREFUL WITH BID, COULD BE GAMES???

[Bottomsup2]

DiveEsther wrote:

Games? Choices999 – you silly rabbit trix are for kids. Unlike you, I'm very optimistic on Convalo. In general, stock trading and investing often amounts to gambling... but it shouldn't. While you might like playing games, I don't -- I take calculated risks.

My advice: pick your time horizon and don't get too caught up in the near term (unless that's your game).  Apart from being a day-trader, what happens on a day-to-day basis is often just noise. Macro-trends, micro-trends... it's all relative to your investment horizon.

Poker is a game -- its appeal lies in its calculated risk-reward payout structure based on mathematical odds & a bluff factor.  Investing or poker: big stacks (bids or asks) push in all the time.  It may be a bluff, but maybe its not.  Sometimes you're holding (or seeing) aces.  If you're “long”, don't make the mistake here of thinking the other "players" or hands are your opponent.  Your opponent here is the company and its management.  If you have “a read” on Convalo, you can greatly increase your odds of coming out on top with your investment (whether by taking a short or long position).  It will either go to zero or grow to become a multi-dollar stock. One thing for sure – it will not remain at 0.11!

Ultimately, you can't win big if you don't have a seat at the table, or chips in play.  Sometimes betting big when the odds are in your favour is the best move – both for day-traders and long-term investors.  I applaud those who take the risk, but please do so within your own means and risk tolerances.  If StinkySadie did in fact place a bid for 1.2 million share this afternoon (clearly visible on level II), this very well may spur some near-term trading activity, or even a bigger run up in the share price.  It's hard to predict for certain what will happen.  Come morning, a few other large hands, or opportunistic traders may decide to jump in as well.  What if a major institutional shareholder takes up a large position?  I suspect that will require clearer direction – hopefully in Q3 results.

I don't think there's anybody here singing the praises of Convalo leadership and management.  There's concern, justifiably -- but don't fret.  It's not being run into the ground and shareholders / activist investors will ultimately regain control if things don't turn-around.  Actually, it's not even a matter of “turning around”, just turning a profit.  The ship is NOT off couse, and is certaintly not sinking as the shorts would like all to believe.  Simple patience is all that's required.

Momentum can be self-sustaining in surprising large runs up (or down -- as we experienced), but there will always be periods of consolidation in between.  For full disclosure I'm long 374k shares.  This doesn't preclude me from "playing games", or jumping on, or in front of the bid stack, to drive momentum or to add to my position by capitalizing on volatility.  Make your own strategic play... what's the worst that could happen here?  You're hardly going to burned at 0.11.  My opinion.

Esther

Well said Esther
Another accurate post ( in my opinion)
The fact my husband is so heavily invested with a lot more than your self & tells me his expert opinions on this, gives me full confidence.
Hes always done excellently when 80% of his money is in 1 stock.
He is not worried in the slightest, even if it went to 6 - 7.
And as yourself and Mas have said.
Real patience and discipline is needed here.
This one is going to make us rich be it 6 months, 1 year.
We can wait.
Mark my words.
16.6