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What I have now is worth thousands less, whether you want to pontificate on "Real Loss VS. Unrealized Loss" is up to you.
How can a responsible investor just "Let it sit and forget about it" when as you and others have pointed out, there is a huge potential* loss to be faced?
I find it difficult to understand how you can be so complacent about such a huge loss, when you yourself are an investor looking for the "Big potential gains"
Would they not be bigger if you didn't load up on overpriced shares? Is that not what you want to gain from investing in SRSR?
Or are we investing in SRSR to just hold whatever we get in at for some day when it has the potential to be greatly higher?
Common sense is prevalent in one of those examples. I'm not sure it's yours.
I respect your point that even now, that potential gain in the future would wipe away all my losses and thensome, but that doesn't mean we should be complacent about the way things are now, just because "Oh it's okay, in the future it'll be sooooo much better!"
I realize there's limited things we can do about this short term, but we're not talking about little moves of little meaning. And when I see countless posts [as I have] from all the way at .20 justifying holding/buying, I feel it's necessary to point out a clear issue with our current state of affairs!
I hope you can understand where I'm coming from. Don't mean to antagonize any of the longs here. I too look forward to this day of possible, potential, great gain. Hopefully we can all limit our losses up to that wonderful day. GLTA
Sorry for being so blunt about this, but I just cut through your message and got to the "If you can't stand .03, get out"
Are you saying we're going to hit .03 before we start going back up?
Hell, if you can say that with certainty now, you can hit the sell button for me. Why in the world would I stand infront of a 50% loss train coming right at me?
To show that I'm not a weak hand?
No. If strong hands are in the business of throwing away capital, I've got no desire to be one. And I can't think of one good reason anyone else would want to be. Please, offer up a reason if you can think of one.
Just incase there's any confusion ... I know selling here would be impractical, and only if we had another severe drop down would I consider it.
Was only stating that selling at this point is useless, and only finalizing the loss. I realize selling now would just be cutting myself off from any future gain-back, and I'm not saying I //have sold// or //want to sell now// ... :)
I bought in to this stock knowing what it had going for it, yes. And now that has hurt me to the tune of thousands of dollars.
How many more thousands shall I lose in order to satisfy you and management that I'm not a weak hand?
And what will I get for it?
Give me a positive reason, or benefit I'll gain. So far, I've got NONE.
Shares on the cheap?
With the bidwacking and constant PPS drop, shares on the cheap are called MARKET ....
For something that's supposed to have such strength and value, it's amazing how unresilient SRSR has been.
I've been told by enough of a majority of posters here that true patience is needed, and that the plays that will make SRSR pay off are not weeks or months, but realistically, years.
I don't know how much more loss of capital my patience can take though. And the ask drop and bidwacking ..... not very assuring!
We're already below .6 now, so cutting myself loose at this point is just realizing and finalizing the loss. For now I will consider adding more, perhaps on the way up. But now that the "floor" has dropped out from below me more than once... I don't know that calling a bottom or trying to pick one [like .6 last week] has any practicality here. Sure .06 is low compared to my average ... but given how I feel about what could happen to .06 ... there's just nothing PUSHING me to buy in now.
Oh, and by the way, we just got bidwacked again to .056.
My reasoning exactly.
Absolutely fair on the crystal ball, I understand. :)
I'm just tired of positive PR after positive PR being followed by shareholder loss. Anyone between the .10-.15 range on buying is down to the tune of 50%!!!
If this has earning power, I want to see it! If it's gonna sit for months going lower like this until MGMT sorts out these necessities (JV, LTF, etc) ... my money can earn more ELSEWHERE!
Bagholding is not my game. Especially after seeing so many people get GRILLED to that big a loss!
Why throw my money at the ask when more than half the time fills are made at the ASK, it comes back down and hits the bid?
Given that we can barely maintain the gains we get on updays, why in the world would I (or anyone in their right mind) toss money down a deepening hole?
Too much risk. I'll take my chances with waiting a little more and get in marginally lower. If the Company/Mgmt want to see solid PPS performance ... they should do something that warrants it. Not expect equity traders to inflate the value of the trading equity, and baghold.
We'll need a pps turnaround for that.
PPS going down does not equal positive ROE. I'm hoping I don't get stuck bagholding all the way down to .04's for real support on this dog. Should've gotten out at the .08's when this started rolling over, since it's just been a painful watch of PR, more PPS drop, etc.
I guess I should believe "Picking up more cheapies" now would be good, if I bought in before. But looking back a few weeks... who's to say it's not just a marginal amount lower a few weeks from now?
Sorry SRSR, my pockets are frozen. ... get my investment out of the freezer, and we'll talk.
So at .029 and .03 where the stock just made some stairstep trades, back at 12:02 and 12:05 EST, some 0 volume trades just "pasted" themselves in. These trades were at the exact same PPS we just "ran up", but EXACTLY one hour before.
An hour ago, the trades were not even there. Now as these higher PPS trades go through, I see these 0 volume trades magically appearing, back then.
Insight, anyone? ...
Thanks for keeping up here Trade; this was a pick of mine way back, and I got out waaaaaay early. Congrats to anyone who rode it all the way. On the opposite side, would you consider a short position here safe?
My Condolances Richard. You and yours will be in my thoughts.
Hey Clay,
Could you please update this chart with today's action [SRSR] (do you take data from the close, or can you do intraday?)
Either way, thank you in advance. I appreciate the great technical work you provide here for everyone. ^___^
My 13200 there at the ask. :)
Now we sit at .086 .... posting on IHub (Or even loading the threads, sometimes) just took a record 5+ minutes...
And just 3 days later, who would have guessed I could be buying in for just 1 cent above my lowest in so far? (.07)
Wow. When will this prolonged destruction of wealth end? I am having to seriously look at putting a limit at a LOSS to my ORIGINAL investment, if we don't see some relief here soon.
This is insane. I limited some .0835's and I'm already at a loss on those too. ~___~ ...
Thank you! Good info .. and I will take this moment to reiterate ... MM = Market Manipulator.
We can't move another large % down like we have. That's pretty much the reason I'm holding right now. If I get an opportunity to put some cash in on a REAL floor, I might. For now I'll just hold and watch some of my $$$ come back...
This kind of dollars-in-the-toilet performance after the report really bothers me.
Not just that I could have shares (now) at almost half the price, but why in the world are we almost 50% off where we were BEFORE the report? The shady trading action, etc.....
Today is not a good day for us who are holding waiting for that good day. I just wish I'd sold to get back in cheaper, if I'd had any idea we'd have this big of a pullback. Twice the shares or the same investment for half the cash ....
Maybe I'll throw some more in around .10-.14, as that's realistically where it's sitting for a while. Kinda burned a lot of my cash away getting in BEFORE the report; which everyone here stressed was important...
MM = Market Manipulator .... =___=
Should I just take any shares left under .20 before we shoot up?? :D
What's with this downward ... shady looking trades....?
I wasn't around either; when I saw .11 I almost lost my mind!
Wish I'd been around to get some .11's, but also ... why are we getting such a violent 50% shake? This is huge ...
/Anxious about watching current PPS dropping in to the 16's ...
.... :(
My 1100 Shares just there... :)
Thanks again for getting me to listen to myself, Threw.
It's just becoming so obvious. People are just eating up all the available shares at whatever they can get them for.
I'd seen it before, but the fundamental part of me was hoping we'd see a retracement after such a huge gain. Now I realize I better get in before the car drives off without me ... haha :)
I'm done waiting for the dip. My 3400 shares just now. Wish I had more to toss in!
Lets goooo :)
Gonna try to get some last shares at under .18 ... preferably on a low spot. Wish I'd picked up more at 17 .. haha :)
9 posted!!
GOOD GOD! As I write it the ask / last goes to .1735!!!! Speaks for itself...
.1685, we've gained quite a lot from .07 a week or so ago. Would you guys anticipate we drop to maybe .15, or would you be adding more even at .17 'cause it'll be WAY higher in the next ... weeks?
I'm thinking of liquidating some other stocks to just throw behind this money making machine of a stock. I daresay it will healthily outperform the other holdings...
Jumping up here, anyone know if it's just from the Brostasclin news yesterday? Awful nice ride we're taking here.
Should I be throwing any remaining dry powder in to the fire here, below .20 and before the report, etc, by the end of the month?
I too underestimated the pace at which we'd explode here. Last last (two weeks ago) Thursday and Friday I began accumulating positions at .07 and .078.
I'm absolutely astounded that there's been almost no dips, and we just keep screaming northward. You guys who got in around .00x must be stoked.
Once the report comes out, it sounds like holding shares of Sarissa at anywhere near .20 can't end up being not-freaking-huge somewhere down the line. (Say, by end 2010? Or mid 2010. Barring complete economic collapse .. ?)
If you had dry powder would you load up .10's right now, or wait for Tomorrow / Monday to provide a relief in price to get in lower?
Threw those shares I picked up at .07 are now looking so much better. I cannot believe we made the jump this early, and I just wanted to say THANK YOU. I'm now up over 50% :) ... and the next month doesn't look too bad either.
And here comes Adam once again....
http://www.thestreet.com/story/10541600/1/cell-therapeutics-has-to-sprint-to-reach-target.html?cm_ven=GOOGLEN
http://www.officialwire.com/main.php?action=posted_news&rid=7508&catid=105
Take that Adam ... >___>
Oh, I believe if nobody else wants to pick up these shares ... I certainly don't mind bagholding to keep the bid where it should be. ;)
Make that .075. Loaded on some more shares. :)
And now I sit at the high bid of .0745 ... :)
.0044 ...... awfully quiet here. That split PR sure would be nice.