GREY:EPWCF - Post by User
Comment by
Smokey1958on Jul 14, 2021 7:07pm
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Post# 33547100
RE:RE:RE:Struggle believing
RE:RE:RE:Struggle believing The trouble with your assessment is that you sound like you expected to get rich ...."last week". Nothing negative that has happened in the last 6 months to a year can be laid at the feet of Steven McCauley, except the fact that he articulated throughout 2020 in what could BEST be described as a two year plan. Nothing that has happened from a business perspective can alter that reality. He has been both honest and transparent.
The rise of the junior markets with a crescendo near the end of February and a subsequent fall for most stocks (some more than others) coincided with some great NRs from Empower. The fruit from those announcements was going to take longer than a few months. Consequently shorters and day traders have had a field day with this GREAT stock .....and market forces have only added to that.
If you're not interested in holding long, fine, ....that you're calling a stock sitting at $.60 and more recently $.70 which is more than 20x what it was a year ago .....with all due respect, is laughable. Clearly you bought high which was reasonable based on the news, the sentiment of the markets and market forces in the first 3 months of 2021. You invest in the company ....not the sp, you do your DD to determine an entry point based on your risk tolerance and you accept the consequences ....not whine about them.
If the sp of Empower is stagnant until the end of 2021 and in to 2022 you might have a case ....until then ....not even a hint of one.
Cheers!
Blankie wrote: Didn't short anything, simply seeing a dead fish. Yes, OK to my other holdings, some up, some down, but nothing as horrible as this pumped up thing.. Astute Investor, sure, like us all, but now and again we take flyers and some work, some do not, this is just the worst one ever!