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His/her problem has little to do with HDY and everything to do with a fundamental lack of confidence when it comes to sizing up companies and their stock. We buy our stock positions with future potentials in mind. When we see shares selling for what we believe to be considerably less than their future potential, we buy with relative fearlessness while counting anticipated gains.
If you believe this stock will get to $7 before a significant pullback, then isn't a price in the low $6 range attractive? Sure it is---unless you doubt yourself.
Some people use these boards to vent frustration by crying over nothing. Often it's about having done nothing to restore their confidence. I doubt it works but some folks enjoy wallowing in their failures---sort of like boasting about their dirty diapers.
WT
You're making a whole lot of assumptions without revealing factual support if, in fact, there even is that possibility in reality. Some investors sold at sub-$2, of course---swing trades operate at all levels as you well know. More than half my 75,000 shares were purchased at above $3.00. Because of trading profits, my current cost basis is 92 cents. What you're referring to as a$$hole behavior is smart stuff in my mind. I'm not an idiot because I do something others are afraid to consider. And I don't disrespect others for operating on a standard or style not matching mine---there's no place for such judgmental behaviors imo.
HDY may accomplish all we desire. Then, too...things may not go our way. For whatever the reason (s), the company may find itself forced to accomodate something we're presently unable to ponder and find itself compelled to yield to a buyout enriching us far less than our imaginations now permit.
There's a place for imagination gone wild and in such instances, we should expect hyperbole to operate. I think it would be helpful for some on this very public boards if we were to acknowledge that we sometimes engage in free thinking uncluttered by fact. lol.
I can give you an example of rhetoric gone wild that has consistently permeated this board and another prominent one:
Jim Spear has been placed on a pedestal for his prowess as a geophysicist by numerous HDY bloggers yet I've seen no evidence of his deserving such accolades. According to one well placed individual, Mr. Spear was fired from Exxon as an incompetant. Yet here we are, many years later, still thinking a person is capable of walking on water. Well, sometimes the news is incorrectly reported just as water is sometimes yellower than we might wish. Kool Aid comes in colors. lol
Everything stated above is all in my opinion, of course.
WT
Help me understand something here, please...
When a company disappoints over and over again due to anything but certainly including the exclusion of shareholder respect---shouldn't that disqualify the company from an investor's consideration?
There's so much angst on this board because the company foolishly fails to cultivate a relationship with its shareholders yet some of us persist in praying and preying and hoping and wishing. When did this become a rational strategem?
Still holding 20,000 shares and wondering why. LOL
WT
I'd prefer to dispense with any mention of dividends and see this company plow free cash back into the business of generating broader spectrum cash flows. This is a young company in a young country if we think in terms of industrialization on a scale such as we Western nations have enjoyed over the past century, plus some. There's time for greed on the part of investors. I say let it not show up just yet..better to vote in favor of management continue doing what it does best which is to grow the company.
WT
This company has a whole lot going for it yet volume hardly matches appropriate enthusiasm. The one thing I don't like has nothing to do with the company itself but, rather, the way traders are manipulating the stock. We can blame the market makers all day long but wide swings come from market manipulaters and not the two-bit gyrations exerted by the market maker.
Nevertheless, I'm expecting shares to rebound quickly enough in the days ahead.
WT
Perhaps you have nothing to gain but I'd like to know how I match up with other investors. It's got nothing to do with the usual whiney complaints here---it's about how I rank myself as a fool. As the song goes, "What kind of fool am I?"
As for making money? I've had an extraordinary year, thanks in large part to HDY. The $3,400 loss in EVFN is miniscule by comparison but the fact is that I was way off base in thinking I could dismiss my usual dd in lieu of buying into some of the surface pump.
If my wish to explore my own failure disturbs you, then I wish you well as you live with intolerance. I rarely post here and it's interesting that I bumped into an angry sojourner on my rarest of sharings. I am not angry, btw, just feeling silly.
There is no way to recoup my investment here...at least none I can see. Again, it's not about the money, it's the principle. And I have yet to see anything connecting this company with principles. That makes me a royal jerk.
Am I the only one here?
WT
I've lost $3,400 on this thing. Has anyhone else lost as much? More? Much more?
WT
I think it's ludicrus...putting good money after bad. You've already suffered a substantial percentage loss. And it's not merely a paper loss because you will get no more than the severely discounted leftovers you now lament, should you attempt to sell.
That said, why would you consider adding to a losing situation as opposed to buying into a company actually doing well as evidenced by consecutive quarters of increasing output and/or profitability?
I'm always surprised when I see people operating on hunches and faith, especially when the company has done a terrible job of keeping its electorate in power. Equally irrehensible is thinking that all bad periods will eventually be corrected. What assurance does anyone here have indicating that JADA's past performance won't continue in like fashion?
I hold just 20,000 shares. I wouldn't dream of adding at even six cents, given that I have absolutely no reason to believe the company will start treating investors with courtesy. I see no indication that management gives a damn about the company's profitability!. And obviously the retail community isn't as available for the sucker list as earlier this year when many of us originally bought into the hyperbole touted by diehard optimists predicting multiple baggers without nothing to substantiate such lofty success levels.
It really doesn't get much worse than this in the world of investing. Frankly, I can't see any reason for management to alter its style...they get paid while our dollars are languishing, wasting away in an ocean of uselessness that might otherwise be earning steady profits for us without an ocean or two killing any semblance of open communication.
WT
What do you have/know establishing the likelihood
JADA will succeed as you envision? Are you basing your projections on concrete information? If so, won't you itemize it here?
TIA
WT
Of course you can get in now---you'll pay more than you would have earlier on but that's the way things work when stock picks rise. I paid $3.04 recently, sensing a major rise was immanent. I also picked up 5,000 shares last year at 25 cents after watching other folks buying at 23 cents. No big deal when you're convinced there's a solid opportunity awaiting. The key here is to find your profit potential and go after it any way you can.
WT
Disclosure: While it's a small position, I do hold a 20,000 share position in JADA. That said, I found this piece that some may find worthwhile reading:
http://finance.yahoo.com/news/SEC-Probes-China-Stock-Fraud-tsmf-1020316743.html?x=0&sec=topStories&pos=3&asset=&ccode
WT
There's a lot of confusion regarding marginability. Ameritrade recognizes $2. This is the case with most every brokerage.
Also, there are no formal restrictions on share price minimums when it comes to hedge funds taking positions. And while we're at it, many mutuals are free to invest in penny stocks as well.
WT
Your upfront honesty is a pleasure to read of although I wish the day had goone better for you and myself as well. I added significantly throughout the day thinking the price couldn't possiboly drop more. I was wrong. This morning I placed an order at $1.80 but pulled it after realizing I might be walking into the same noose. Not sure what to do now other than to see how things shake out before putting more cash at huge risk.
WT
So? Do you realize that one single dollar would buy you ten thousand shares of the stock? Where is the value?
WT
Uplisting won't require a reverse split so long as we continue to trade at $1 or above. There are other considerations but a reverse won't bring them into view. I'm fully expecting we'll hear veryh soon that we're listed on the AMEX. Unfortunately it won't gild the lily but it's stll a stgep in the right direction.
Part of the problem, imo, is that our Chinese microcaps don't receive their proper respect...not yet, anyhow. This will change.
WT
Thanks for posting your comments. It really helps when some of us are unable to listen in.
WT
An apology is in order as I had not been aware of the article. Certainly, that will explain the strange trading behavior. I study stocks in the same ways you do and nothing you've said is contrary to my style.
Thank you for your generous defense of the company as well as your own personal approach towards qualifying a stock.
I'm also sorry for the delay in my getting back to your post---I've been away.
WT
It is so clear to me that this stock and, I dare say...probably more than half of all traded stocks (!)---is exposed to gross manipulation on a daily basis. Watching shares rise more than a dollar one day and then drop with a resounding thud the next---all without explanation or visible cause other than to manufacture volatility---I find this repulsive. I was buying this stock long before the ticker change to NEWN. I made some decent profits along the way. Now I hold just 500 shares because I'm unable to benefit from corporate performance, thanks to market manipulators with millions of dollars available to corner and sway the company's audience.
Remember when we finally gained our listing and, presumeably, a broader audience? Bingo! The share price dove twenty feet beneath the surface. How absurd!
There is no certainty that we shareholders will be better off even if the company succeeds on all fronts and does spectacularly well. So long as market manipulators control the game and keep it rigged, we will never get more than a jackal's worth of crumbs.
I do stock work for my living and do well enough to be happy. But it's never easy and always there's this feeling that I've got everything on the line. You know what? I do! And that's what it takes.
WT
This story is three years old! Nothing came of it then, nothing should be expected now.
WT
I take it, then, that you believe there's a potential upside to this "slide" that has persisted for much more than a year? If that's the case, are you willing to buy my shares at an 80% discount?
It is absurd to expect the scent of fine perfume to emmanate from what traditionally stinks and is summarily flushed. Most of us whining here need to complain about something and this fills the bill nicely. Nobody is getting hurt in the process and if a few novice investors should be forewarned and be able to avoid making the mistakes we did, is there something ill advised in that? I haven't seen anyone here pretending to walk on water. What I have seen is some "groan"-ups alerting others to a trap we, ourselves, were unable to avoid. You see a conspiracy. I see goodness despite some self-serving, possibly illegal stock manipulation.
My opinions only.
WT
Always pleased to see people reacting to other posters, hoping to see your comments, too!
WT
Does your unwillingness to face the truth about your loss change reality? We call that "denial" in this country. It probably goes by the same name in all countries. Do you come from this world?
Can you point to any single accomplishment wrought by management that serves to benefit shareholders?
WT
I'm not comfortable adding to a stock position that is evidently the target of manipulation. Day traders may be part of the disease I'm smelling but for the most part, it's volatility that undermines the value of holding any long positions. Few of my longer term holds remain in my portfolios longer than a few months as I prefer to take advantage of volatility which, in turn, sets things up for sizable gains at the expense of those who live in innocence.
The stock market is the most corrupt organization on earth and we jackals are as much a part of the process as the quant lions.
IMO.
WT
You've got 400K shares while I have just 12,000. That tells me you have bigger balls than I. Then again, I have a couple of items you don't.
There is no such thing as stupid---we all place our bets as we see fit---it always comes down to three things:
Instincts
Intellect
Luck
I hope you prosper.
WT
If shares remain above $1 (US), I believe a reverse will be unnecessary. Usually uplisting makes a stock more attractive but it hasn't beenn the case for SBAYH and NEWN. I sold SBAY earlier this week in frustration, held NEWN because I'm convinced it's an excellent company doing a lot of things right. Today's huge move to the upside validates my sixth sense.
WT
I made money on CKGT earlier in the year but then sold off when it became apparent the lack of visibility would likely do me in; and my investment was seriously underwater, too. I may have given up my earlier gains, don't recall offhand, but I suspect my tail belongs between my legs.
I did nicely with JADA too---but later, while riding free shares, I saw the same thing developing---plenty of volume suggesting interest but once again---it didn't translate into anything lending itself to profitable trading. I sold off at a small loss but remained well up on my JADA experience.
Now I sit and watch people expecting JADA to do extremely well when, in fact, it's a company lacking visibility in all the important places. We know Jade is in high demand but we don't know how much that will automatically translate into profitable times for JADA shareholders. One thing is for darned certain: There's not been much regard for shareholders. That tells me there's tastier fish to fry.
HDY---now there's one I'm riding and it's doing a whole lot for all shareholders. When I sold the above two Chinese microcaps, it was to raise additional funds for HDY shares.
Note: I hold other Chinese plays including NEWN, LTUS, CCGY, CNOA and SGAS. CNOA and SGAS are my laggards but I'm expecting that to change soon.
Meanwhile, I hope for the best for all of us. I've been loving the CKGT story for a long time, just not the way it trades and definitely not the way management shows little regard for investor concerns.
My opinions only---for whatever they are worth.
WT
I have a basic mistrust of Chinese microcaps. Too many claiming to have done really well fail to see it reflected in a rising share price. That disturbs me. I've not seen anything untoward in this pick but am reluctant to commit money until I see a move to list on an American exchange. However, even that can be of small comfort as is the case with SBAY and NEWN.
Still, I happen to like this one but not for the stock appreciation. Rather, it's about being a utility in a Chinese government-imposed arena limiting the entry of other firms. So for now I wait, watch and consider.
WT
I've gotta come clean---my conscience is getting the better of me...
I hold just 2,000 shares of this, having picked them up at 30 cents. It struck me that a Chinese utility would make sense at a time when Chinese microcaps were prospering while some of my US holdings were under pressure. Unfortunately, I never got around to adding to my meager position and when I did give it serious thought, I couldn't bring myself to pay more than twice my entrance fee.
There's a lesson in this: Be born into greater wealth. LOL
WT
At the time, some believed that both companies were pump & dump targets of manipulation. We now know the truth about Mario but far more important is that in current management we have true leadership without the need to bolster public image using questionable tactics.
Yes, there was a commonality now disproved by slightly more than a year in the case of one. The other? There were enough questions to push me out of a sizable position more than a year ago.
So much for honorable or even dishonorable mentions in the newspapers. I still have no confidence in ERHE and, in particular, Offer---even with his church connection, I see him as caught in a tangled web of internal power struggles that has him at distinct disadvantage.
All in my opinion only.
WT
A beautiful response from you...eloquent and passionate.
Thank you.
WT
You're going to defend but the fact is that you are sour on HDY while ever jubilant when it comes to certain Chinese plays that are conspicuously manipulated. There's an interesting confluence, including unbased faith in one group and over sensitivity to fears that the big bad Rodman will spearhead a train called "No!" that will cause you irreparable grief and hardship.
I think you run so that exhaustion will guarantee you'll be able to shut your fears down to enable rest. Too bad you aren't able to enjoy the ride as something more than merely a chance to make money. Money is nice, especially when a person is afraid he won't be able to meet his needs...but there's also something to be said for being able to think things through ever so cleverly, carefully, resourcefully and---above all---successfully.
I wish you well and even more...I wish you happiness.
WT
When they don't have a story to tell, they take an existing one and try to appear worthy of their paid subscription fees. I don't believe for a moment they actually buy into their bias. After all, they don't address Ray's board of directors' achievements prior to being selected to join our corporate team nor do they appear to have even rudimentary knowledge as to HDY's plans and the likelihood of good things being realized.
It's unfortunate that many people buy into such nonsense and some undoubtedly believe everything they read. As for me? I added shares several days this week, including today, of course. This shake out will stop soon enough and then things should resume their formerly upwards bias. Meanwhile, I'll keep on adding as I can and expressing my opinions through words here and shares in my portfolios.
WT
Completely agree with you-----I've reloaded my trading shares following having swing-traded of late, now sitting on a larger core & trading position than ever before since initially buying in the early part of this decade. Part of my reasoning is based on price and perceived profit potential, of course. But more revealing is that my purchases have nothing to do with warrants and I doubt warrants are the theme of the moment for most other retailers.
Turn this around and it's easy enough to see that the remaining warrants are largely irrelevant, only share price and expectations play into this. If we don't buy the warrants themselves, then their presence means little-to-nothing unless you're the one holding them. And even then, who would sell at $2.40 when $3.50 was so recently available? Most shareholders would be holding and waiting for at least a partial run-back-up on the next bit of positive news surely baked into Ray's mind.
My thoughts and opinions only.
WT
I bought just two thousand shares of this when it was 30 cents. Wish I'd put more cash into it, certainly has been a good pick.
WT
I'm thinking that those of us who have amassed sizable core positions will have the greatest opportunity to have guaranteed surprising wealth in our later years. These opportunities do not come along very often.
WT
Don't ignore the fact that Ray made it expressly clear that the decision to publicly state HDY is to be the operator was based largely on early returns coming in from the 3-D now concluding. This means that a decision to move in a more independent direction has been mandated by overwhelming evidence in support of earlier hopes regarding prospectivity in the concession. It also speaks to an ultra high degree of prospectivity validating Bob Bearnth's earliest projections.
All in my opinon.
WT
That's encouraging. Thank you for the validation.
WT
I don't want free shares, that's for po' folkses. Give me profits I can use to acquire the things that mean something to me. Free shares don't exist as there's always a price to be paid whether in the form of cash exposed to market-based risk or time allotted for the maturing of a stock pick as it moves towards profitability or loss.
WT
The sooner the low-light brothers unload their 15%, the sooner we will find a 15% diminution in the wildcard value of their legacy.
WT
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In full disclosure, many of the companies that we follow have paid us to do so. More information pertaining to particular companies can be found in our disclosures which can be reached from our homepage. While we are paid to cover certain business, there are many companies that we will discuss solely based on the fact that they seem to us to be timely and worth mentioning. We do not make any guarantees to client companies as to the nature of our commentary, and our commentary is based solely on performance – good or bad.
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WT