Comment by 88guy88on Oct 18, 2022 9:47pm
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Post# 35032850
RE:RE:INSIDERS already own....wait for it....a whopping 69%
RE:RE:INSIDERS already own....wait for it....a whopping 69% Ok Bud....but a couple of things don't make sense to me???
1. If you are a seasoned investor and your average price is $4.00 why would you not put in a stop loss order typically 8% and in the case of speculative small cap more like 15%
2. You have already lost 70% of your money on paper...you would think that you would want to look at the positive aspects of the business and want the company to do well....if you think the analysts are wrong and you are not postive on the company it baffles me why you hang around....just sell and get your 30% that left of your capital and go stock fishing....or maybe just fishing
Seems inconsistent to bad mouth the stock and then hang around and hope it goes up to $4 so you can get even????
Analysts work on the herd mentality....they all do the same math and then probability speculate just like everyone else that can read and anlayze a balance sheet.
Last comment....69% insider ownership is significant...they have skin in the game....and sometimes investors forget about another company option....going private!