RE:RE:RE:RE:RE:RE:TD BOOK VALUE IS 24 CENTSTakingarisk wrote: How did I get myself in this mess bought in at 2.00
May guess is you looked at share price and not market cap. If you bought at $2.00 then the market cap of this company was over $1billion at the time you bought and they simply were not worth that much. I started buying in the $0.70 range, when the run up to over $2 happened I started selling at $1.20 and was out completely at $1.80 because I thought a fair value for the company was about $750million so buy when it is worth less and sell when it is worth more. I have bought and sold the shares and warrents several times buying under $1 and selling over $1.20.
Now the shares are nicely under $1 again so now is the time to buy again and sit on the shares until at least $1.20.
I still have some May warrents at a cost of $0.19. I think there is still some value in those as well, but time value on those is shrinking by the day, so I might sell them and buy more shares if I can get out at break even. I am not convinced this stock will hit $2.00 buy next May to make them worth holding very much longer.