Originally posted by avagadro
I bought in the 30's so all I am missing is the epic lost profits for now. But small caps just can't withstand escrow sell downs like this. Maybe Elaine selling too in the midst of it all?
I still believe in the long term company capability and industry tailwinds here so I am not too concerned about it for now, but yes I imagine most retail would now be underwater and further contributing to the chart destruction. Snake eating it's own tail moment.
I just don't know what you thought when this was $1.80 and on the way to 64c. You could have dumped along the way to take the mega profits. I heard long ago that one secret of success in business was to sell the business when it was turning bad and try something new. There is such a thing as buy and hold but people buy the boring and solid things that don't just jump 1000% then crash. The whole game of taking a company to IPO, then pump and dump is set up with rules that favour the insiders and the big boys. A big percentage of these IPOs are to grab money from investors and super funds then die. The insiders may never get a job again but they get enough to set themselves up for life and perhaps open a pizza shop and hire a few underage students to work for them.
The market depth shows the selling side is much larger than the buying side right now. The big boys are still selling. They just take a breather now and then to lure more buyers in. I guess they just want to get the cash then later they can buy lack slowly if they want to. There is no hurry. This headless company is not going to anywhere good any soon
Until some one on this board gets the CEO job and kicks the butts of the senior staff
