Wednesday, April 09, 2014 2:57:07 PM
I purchased again in the $2.40s.
Not all trades are going to be winners and I buy in tranches because I know timing the bottom is impossible.
There is a big difference between buying in tranches at or around what you think is the bottom and buying at the top-end of a colossal downtrend because one does not appreciate that a stock is broken.
Of course, SPEX has been a giant winner for me having bought in the single digits many times and sold in the teens and also the $20s during the massive run from $5 to $28 last year. I was here for the entire ride. And what a ride it was! I believe some could retire a few times over based on my SPEX profits alone.
On top of that, I publicly warned everyone on iHub that buying in the $10s $9s $8s and $7s was a bad move because massive dilution was coming.
I have called this stock phenomenally well as my post history as shown. Thanks for bringing it up.
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