RE:RE:RE:RE:RE:RE:we are going under 3!!!That's the tough part. funny thing, it was around 10-11 bucks that i became interested in the company, but then the more questions i asked, the more confused i got about their eearning model.
Their last earning was my indicaiton that not only will they not be profitable soon, they will most likely dilute to keep the company going. now the thought is a few years before profitablity (who knows).
Too many risks and no transparacy on how fast they can be profitable means dilution, borrowing and inevitably, the stock suffering.
I wouuld wait a while to average down again. if their profitable company, no reason this can't be 15-20 or 40.
pacer217 wrote: I NEVER said anything about $14.
I bought on the say / so of Bruce Campbell on BNN last spring, when it was over $10. He
suggested then , it was like a junior LSPD, which then that one was around $90. Bruce said a TWO year target was $40. plus.
Now The Morningstar computer says "fair market value today" is $8.13.. My average now is about $6.00
Today a lot of the buyers were big Canadian banks (see TMXMoney) and most sellers were :anonymous" which means Short-sellers are Covering. hence plus .15 cents Plus 4.8%