RE:RE:Don't Miss the Amazing One Man Rally ShowThe true believer reveals himself. That business you described sounds so wonderful. It must be worth hundreds of millions of dollars even if it never produced a profit.
If the stock is going to $3, then why did the price go down today?
What we are witnessing is an amazing social experiment. Lots of people paid $1.15 for worthless paper in December. All were offered the chance to sell for $4 and take an immediate gain on the market. The most intelligent sold first. The next smartest then did the math and sold too. Now we are approaching the break even price, where the critical mass of idiots sit. They still have a paper profit. But of course, as more people figure out the game, the share price falls and that profit is reduced. If everyone reached for the profit at the same time, then it would disappear. At what point does the herd of idiots stampede for the exit?
Most people will leave this experience with a loss and a lesson in street smarts. You sir, have gone full circle stupid. You have become a true believer in a lost cause. You have staked your public reputation to the inevitable failure of this venture. And that makes it socially impossible for you to change your tun, admit the loss, and suffer humiliation. Let's watch the situation unfold together.
GreenNme wrote: I disagree. I maintain this will bounce above $2 fairly quickly. I actually thought we were going to see it today when I looked at the pre market this morning. But she'll get there. I've posted my buy ins on the way down; at 1.79, 1.69 and 1.59. Today I doubled down on my highest buy in of 1.79. Was glad to do it. It brought my average up but I'm ok with that. Confident this gets back to 2.30 range before summers done. $3 by November. First expansion will be done. Selling oils. News on pharma side.
jammer4444 wrote: TD Securities is the only one buying stock at these prices.. Everyone else is sitting on the sidelines with their $1.15/share average cost positions and waiting for the right moment to cash out..
This reminds me of a princess that was blisfully dancing the night away.. Until the clock struck midnight and her prince charming turned into a bag of horse sh!t