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Maybe we need to do a workshop, Math 101 for Day Traders.
No, it was said that you should check your own sums before correcting other people in public.
Unbelievable.
Kazorchian,
That's a shame. But I can tell you a better story.
I started buying SOLM at 1.27. I kid you not. Was it dumb?
As it turns out, yes.
Unlike most people who bought at those levels, I never pulled out. Was that dumb?
In retrospect, no doubt about it.
Would that make pulling out now smart? I very much doubt it.
My average price per share now is just a sliver north of yours, because I've averaged all the way down, and most of my holdings I only paid .008 or so for. So I'm doing well on most of what I bought and so awful on some of the earlier buys that I'm more under water, all things considered, than you are.
One thing I really learned through this whole process, as a neophyte, is to have cash available to average down on the good bets and get out soon on the bad ones. I still think SOLM is a good bet. There are some great posters here, like Kitty, who are good at pointing out the negatives, and there ARE negatives and risks, mainly debt and debentures.
But if this thing doesn't go back well beyond your purchase price sometime between now and mid-March, I'll eat my wool hat for lunch in April.
Stock Prophet, I'm really bad at math, but according to my 7th grade calculations (actually, these days, its probably more like 4th grade), .012 is 50% higher than .008.
We closed Feb 2 at .008. We closed today at .0122.
Explain to me why this is not a 50%+ gain. Admittedly, I'm not a pro at this the way you are, so I probably made a mistake. Please point out what it was.
Fivestar, I think you have to admit that Day Trader has carried the day with the power of prophecy.
These past two days have just been a disaster for SOLM. Two of the three biggest trading days in the company's history, and the stock is only up 50%, trading into the headwind of millions of debenture shares released onto the market. We should have gone up 5000%. Where are those damned missing zeros? Stolen by the evil SOLM management team?
Simply terrible, words cannot express how pathetic it is. If only I had left all my money in the Dow, like a prudent investor.....:)
Thanks for the update. As someone (I forget who) said recently, this stock is full of surprises. It is obviously risky to make rash predictions given all the relevant factors. There is no doubt that SOLM management is trying to thread the eye of the needle while skyjumping. Let's hope the pipes will give us a break.
Fivestar, what is L2 showing? Have the pipesters run out of shares?
Me 2 Oniro, but I don't begrudge anyone who has the skill to do it....just be fair, if you are you go play that game, to the hand that's feeding you.
Good work, Camronmon. Congratulations on timing your plays. Here's to hoping you can continue such success on the way up.
this stock has some serious issues but you guys are only pointing out the positive ones.
The second part of this is so untrue that it only reveals that you are either not reading what other people are posting, or you are so self-absorbed that you actually believe your whining. EVERYONE on this board is aware of the risks of dilution, which have been rationally discussed in any number of posts over the past few days. You are the one who persists in presenting a hopelessly one-sided perspective that is clearly not part of any concern for anyone else, but merely an expression of your own self-interested efforts to produce fear so that you can profit from the loss of others.
It sure isn't rational fear, let alone that silly "I feel the pain of others" song and dance routine....
No, but I said that your motivation in badmouthing SOLM at every chance you get, and putting words into other people's mouths as a regular habit, is to stir up fear so that you can buy low. .007 was merely a figure I pulled out of my ass to illustrate your method.
DayTrader.... I mean "Stock Prophet", 20 to 30 days you say, before SOLM could really move? Well, strong bet that there's more PR's within that timeframe. I'd venture to say that SOLM's management team is ready to take action in the marketplace because they surely understand that window of opportunity to implement. They seem pretty darn smart to me. In my very humble opinion, that patent release yesterday painted a much bigger picture as to what's really going on here.
Nice post, Fivexshot. Day Trader seems to be frustrated by the spectacle of real analysis that acknolwedges both potential risks and rewards. I hope most readers understand better. I bet you are right that SOLM managers have some more tricks up their sleeves. The stakes are high, they may fail, but going on and on complaining about dilution is not the same as doing DD.
Good luck buying those .007s.
Hi Classic,
I understand your disillusionment, but I think you are being a bit unfair to the management. The way I see it -- and I've analyzed this several times b4 on the board -- they've been, and still are, between a rock and a hard place. The patents they own are a potential gold mine, but obviously they have been undercapitalized and overburdened with debt, and forced to defend their claims in court by a powerful player that don't want to acknolwedge its debt to SOLM. That now means big risk for us, but also potentially gigantic reward.
The dilution has been for survival purposes. It stinks for us, it really does. And it needs to stop. But the company has to have some big contracts or strategic alliances in hand to back up the patents, and/or more positive signs on the lawsuit, to get the pps up.
In the past you've complained about the lack of PR. Now we have PR, bigtime, based on substantive advancement of the business plan. We aren't seeing the appreciation we should be seeing, because of the dilution. It sucks. But I really don't think that its because "the company doesn't care." Could be, but I sincerely doubt it.
However, you and I are in agreement about the fundamentals. You say "Award of these Patents with cont<r>acts would help." Absolutely. I just think that's easier said than done and the fact that it hasn't happened is not the result of "never following through." Within the next month, we will see what SOLM management is really made of -- can they in fact follow through with some big contracts or partnerships? I'm still betting the answer is yes.
How do you draw that conclusion?
LOL....well, congratulations on your new buy. May it prosper.
Volume looks good so far.
Hi Mike. Welcome aboard.
Interesting that you have time to ask other people what their sources are, when you routinely make not even the slightest effort to justify your own.
Link? Attribution?
Good morning, KristoPH!
Go green SOLM...get us more hot news.
"Everyone needs to understand that the recent news is much more positive for SOLM's future than has been priced into the stock. SOLM's future, with or without the lawsuit, is being disproportionately discounted here.
The pumpers and bashers want traders to focus on the litigation instead of focusing on the company's growing business strengths imo.
There's a lot of good things to look forward to with Solomon because it's positioned in the right sector - creating our new energy independent future."
Excellent post, Fivestar. All we need now is one big contract or announcement of a strategic partnership and we're off to the races, bigtime.
Right. Good call, SP.
Fantastic, Fivestar. Thanks again for your continued DD.
What's wrong with that avatar? :)
Great post. Your analysis is sound. The more people who see that this is a stock to buy and *hold*, for all the reasons you indicate, the stronger the company will be and the better chance it will have of successfully implementing what is shaping up to be the right business plan, with the right technology, at the right time.
Global warming? I no longer think so. But Green tech, for all the other good reasons, is the place to be.
Fivexshot,
Great strategic thinking here -- maybe you should send an email to the SOLM team to make sure they have this idea in front of them as they work out the next few weeks of action.
Count me in on that plan. :)
Welcome to all new posters and investors.
I look forward to averaging up in the future. :)
Good morning, all. Whenever I teach a class and am not paying attention, SOLM releases another patent....I'll have to try going to class more often. Nice to see some upward movement, the Stock Prophet called the bottom perfectly. :)
Good strategy and good attitude. I wish I could have bought more at 008. As long as it stays low, I will continue to load up as much as I can. This is a spring loading and getting ready to shoot.
I'm sure KDSwing speaks for everyone here in offering consolation for this tragedy.
LOL. A bit like waiting for Godot.
I take it that Howery is MarketEdge?
And there is more to look forward to than to fear.
Right, the accusations of pumping, when they serve the interests of certain posters, seem to be more obvious than the "pumping."
Yes, Fivestar, but "sounds" can be deceiving. :)