Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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OK, here's my update:
This afternoon I sold another 20,000 shares of MNLO at $1.62 and $1.61.
It seemed the prudent thing to do inasmuch as I've noted that $1.60 appears to be an important element in the bottoming process---but with a caveat:
The pending reverse split must add downward pressure on the share value---as I see it.
I'm not a prophet by any means. I just sometimes find I will sometimes recognize price points yet to occur---before the appointed moment. That said, I've dropped my position (s) from a total of 214,000 shares down to a current holding of 150,000 shares. Obviously I'm well positioned in cash and will expect to take full advantage of opportunities around the corner.
I continue to believe we will drop to $1.38 if not lower. However, I wouldn't be surprised to find the BOD decides on a less unfavorable split ratios, perhaps 1:5?
This stock trades easily in after hours, by the way. I took fullest advantage of this last evening when I sold heavily.
Good fortune!
Thinking about things I addressed a little while ago here, I now find that my $1.38 projection doesn't even amount to a 15% drop FROM $1.62 due to the pending declaration of the reverse split.
That's a little concerning for me. I haven't pulled things together yet but I may have to unload some additional shares, albeit at a significant loss. However, the loss is already on the books even before we know the nature of the BOD's reverse. Today---at this moment, I'm seeing a drop of 12.1%.
In my heart of hearts I could wish the BOD decides against the split at this time, given negatively crushing market dynamics. But Menlo doesn't exist for my sake or welfare. That means I've got to take care of me. And this explains why I'm thinking of letting go of still more shares. But I won't do it today as I simply lack information I'll need.
Thoughts, anybody else?
What brought you to feel confident in your decision to launch a position in GNUS?
Given the extremes in terms of opinions on this board, I'm very curious as to your take.
TIA
It's a plot!
The oddsmakers are telling you to buy buy buy buy and.......
and.............
BUY!
lol
Much as I hate to admit it, it's probably therapeutic for me to tell you I lost $120K on ASNA. I was coining big, big money when I first got involved and I guess I felt like Superman.
My sense with MNLO is that we will touch $1.38. With $86K now in hand to repurchase MNLO shares, I think the process will eventually unwind my ASNA debacle. But all I really care about is seeing things level out with respect to Covid-19 and I want to see our country back on its feet---steady feet, I should add.
Today's drop has little to do with the pending reverse split. People were nuts, expecting great numbers at a time when adolescents are hiding their shaming acne behind masks. And so many of their formerly employed parents are now dependent upon government handouts just to put food on a table in a bit of space situated in rented rooms without mortgage or lease cash in sight.
The split will worsen things for us longs, for sure. But with cash in hand from having divested myself of 44,000 MNLO shares yesterday and premarket this morning, I'll stand a good chance of meaningfully dropping my cost basis.
In the end, I'm confident we will come out of this period of extreme uncertainty feeling quite whole. It's really just a matter of time. If I can feel confident at the ripe young age of 80, most others here oughtta feel the same, right?
Things always seem darkest when we're nearing the end of the tunnel.
We will make it---we always have in the past and there's no reason to expect the future to be any different. For me the key is the same as always---
I need to accept things that are as they are and so long as they remain beyond my reach to control. The one thing I can control is my decision-making.
It's a lot like the Serenity Prayer which hangs on my office wall. I'm not a man of religion but this prayer is fundamental to my core belief system and I deeply regard it for its inherent value to all who choose to accept things not falling within their personal reach.
Anybody can Google the "Serenity Prayer," and come up with it, I'm sure.
Thank you!
The political arena is largely what has me circling the wagons. But the lack of predictability has me behaving very cautiously too. My reentrance will likely be decided by the upcoming election results. We will gradually accept Covid-19 if the majority come to the realization that we can't talk it away---only decisive curative means will decide things meaningfully.
Glad someone else took precautionary measures.
Good for you!
Been reading through the quarterly but haven't yet seen anything about the reverse.
Last night I sold off some MNLO shares in anticipation of the oncoming BOD-approved reverse split. While I didn't make much $$, I figured I didn't need to expose myself to needless risk of loss, either. And I continue to hold 170,000 shares with confidence. That's enough for a risky time and holding a lot of cash sets me up for significant profit opportunity.
So now I'm sitting on a big bunch of bucks ready to be used when it seems the price-drop is nearing a bottoming process.
Still no word on the extent of the reverse split so that has me pretty much up in the air. However, shares are now positioned at $1.68 premarket so I'm lucky to have done OK just hours before the drop we'd expected.
Going to be a fascinating day for sure.
Stay tuned, folks! And good fortune, too.
Hi!
I'm here as always. However, I've not yet jumped back in. It foesnt feel to me like the time is right.
I certainly wish you good fortune.
We recently saw RCEL drop to $21.29/share. This was well down from the day of the reverse split.
Today we closed at $23.07.
There's no question here---we holders (longs) have taken a bit of a beating. However, the past week or so has witnessed an apparent stabilizing and rising process---my opinion, here.
This has me wondering if a few resident board poster have been correct in predicting that these shares would be decimated? It may be far too early to come up with such dire predictions, es0ecially in light of the fact that we are engulfed in a pandemic, the likes of which none of us has seen before. That tells me nobody knows what will be or how we may deal with things now developing.
It also has me wondering where the doomsayers have gone?
My hunch is that RCEL will exceed the price point occurring on the day of reverse, climbing above $30.45. I can't say when but I figure it will happen before Summer of 2021. I have no problem waiting.
You've just explained why you run for cover instead of facing truths.
I'm not the problem
Your father isn't the problem.
Who's left?
Unfinished business kills.
How do you know what I eat?
Last evening we had flounder on egg noodles with a pork and tomato sauce plus romaine and mushroom salad with dressing and dessert. We eat freely without excuses and as much as we like---without any food supplements or food extracts added.
Tonight it's barbequed pork steaks with sweet potatoes and salad.
And we may split a beer or have wine.
We have no excuses and we enjoy it all.
You assume I eat a rabbit diet but it's not true at all.
olesterol looking like these days?Consuming so much fat?
Read any book on nutrition and you'll find carbs are widely recognized as the "spark" that burns those out-of-control fats you consume.
Chicken wings? Almost zero nutritive value. Pure unadulterated fat.
12 ounces of steak? Call it 3/4lb. which is what it is. Fatty, too.
Lunch is egg salad? How much mayo in it?
Big burger? How big? What's on it? How many grams of saturated fat?
You're living on fats. Sure, you lose pounds. But you gain them over and over again or you'd not have them to lose! Nor would you have to lose them.
Yo yo yo yo---yo-yo-YOU---OH! Or is it "UH-OH!???
And all those diet supplements---why aren't you getting your body's necessary nutrients from the foods themselves?
So many excuses when wholesome foods are out there for us all. Why devour extracts from those foods while pretending they're good for you?
As for gardening? Playing with a flower bed regardless of size does NOT replace a body's benefit from a cardio workout derived from a 40 minute workout such as available on a stationary bike even in Winter!
Sustained working out is the key. Bending over here and there to coddle a flower is NOT sustained heart-healthy exercise pushing your cardio system to work as a higher level of output.
I'm truly sorry to lay this on you but nobody else seems to give a damn. I do.
Healthy people enjoy great health in part because they eat foods that support a healthy lifestyle. They have absolutely no need of mind games built of food extractives, physically non-demanding flower bed maintenance and pointing to the elimination of solid foods. Burgers and steaks are solid foods. Eggs solid is solid food. When you eat these items is useful if you discontinue eating all food after mid-afternoon because food consumed towards evening will not be broken down by your gut inasmuch as your metabolism shuts down by6 7pm. This is why evening snacking turns into weight gain.
Read a few books---you'[re practicing hocus pocus, developing a system of false assurances and resorting to sorcery in numerous ways.
Ludicrous, really.
Consuming so much fat?
Read any book on nutrition and you'll find carbs are widely recognized as the "spark" that burns those out-of-control fats you consume.
Chicken wings? Almost zero nutritive value. Pure unadulterated fat.
12 ounces of steak? Call it 3/4lb. which is what it is. Fatty, too.
Lunch is egg salad? How much mayo in it?
Big burger? How big? What's on it? How many grams of saturated fat?
You're living on fats. Sure, you lose pounds. But you gain them over and over again or you'd not have them to lose! Nor would you have to lose them.
Yo yo yo yo---yo-yo-YOU---OH! Or is it "UH-OH!???
And all those diet supplements---why aren't you getting your body's necessary nutrients from the foods themselves?
So many excuses when wholesome foods are out there for us all. Why devour extracts from those foods while pretending they're good for you?
As for gardening? Playing with a flower bed regardless of size does NOT replace a body's benefit from a cardio workout derived from a 40 minute workout such as available on a stationary bike even in Winter!
Sustained working out is the key. Bending over here and there to coddle a flower is NOT sustained heart-healthy exercise pushing your cardio system to work as a higher level of output.
I'm truly sorry to lay this on you but nobody else seems to give a damn. I do.
Healthy people enjoy great health in part because they eat foods that support a healthy lifestyle. They have absolutely no need of mind games built of food extractives, physically non-demanding flower bed maintenance and pointing to the elimination of solid foods. Burgers and steaks are solid foods. Eggs solid is solid food. When you eat these items is useful if you discontinue eating all food after mid-afternoon because food consumed towards evening will not be broken down by your gut inasmuch as your metabolism shuts down by6 7pm. This is why evening snacking turns into weight gain.
Read a few books---you'[re practicing hocus pocus, developing a system of false assurances and resorting to sorcery in numerous ways.
Ludicrous, really.
The reverse split has been approved by a huge majority, in my opinion---with 89% of votes cast in favor of the reverse.
I didn't approve of it as I know from experience that this stock will likely suffer the throes of many biotechs enacting such measures.
Translation:
The now adopted reverse could turn into a 25% share price drop quick as a wink.
I'm not buying into the thesis that less (fewer shares) is better. And even if the accepted ratio should become 1:7 dependent upon BOD determination, we're still looking at a $12 share. And my expectation is that we'll be seeing shares falling back to $7. The pandemic has to be greatly affecting earnings to the downside, I'm positive.
If I can get $1.80/share in the next few days, I'll be selling some in the expectation that I'll be in position to replace sold shares at a much lower price point. I'm leaning towards selling about a third of my position. $1.80 is my cost basis.
My hope is that others here will come to terms with their own situations and weigh things important to them. I don't make decisions for others. Anything I say on this board is not more than my own opinion. As such, it shouldn't be valued as equal to that of any other board contributor.
So, then, can we hear from other investors here? I'd like that for sure.
That's very comforting. I like that.
Thank you.
You're very welcome.
I haven't been able to view the official document yet. Can you provide some color?
It would be most welcome. Nothing showing up yet at Yahoo.
Thanks either way.
Wish I could be of service but I'm a latrinologist by trade, not vomitoligist.
I'm already working overslime.
lol
I loved your post recognizing 98% shareholders approving of current management's chosen directions.
There's not been any public disclosure so far, else I believe we'd know about it and present herein.
Meanwhile, I suspect today's rise came about as a result of anticipated higher sales numbers.
But we shall see.
Thank you so very much for pointing out what may be obvious to some but .... your endorsement amounts to validation for those believing Avita has move sensibly and humanely.
I'm personally pleased that you've spoken.
There's a bit of irony visible this morning on the heels of our quarterly Sheeple Alert.
RCEL shares are bidding higher once again, following Friday's uptick. However, there's something else I'm finding interesting...
The other day, Pete807, a board favorite as well as one of my own---informed us that his current position is built of a free ride following smart trading along the way. I'm proud of him for having accomplished it.
Then comes the Sheeple Alert. I read through it twice and came to the conclusion that it depicted one person's take on Avita. While many of us dislike such flagrant displays of rants designed to push us into agreement with that other individual, I couldn't find reason to argue against his factual data despite its amounting to not more than a recapitulation of well-known headlines.
That moved me to examine an opinion expressed freely without enshrouded disguised short-sided agenda---from Pete807. And so it was that I dug into Ameritrade's cost basis tables, focusing on my RCEL holdings.
What I came up with surprised even me as I don't ever focus on gains in any particular stock pick. Rather, I have traditionally looked at only overall portfolio gains on a yearly basis.
However, even an old fart will sometimes change style if not odiferous content. Thus it is that I discovered this interesting little factoid:
As of today's market opening, this being August 3, 2020, my split-adjusted cost per share of Avita stands at $11 per share. While well down from this current year's high, I'm sitting on more than a double on the year-to-date basis. Highs and lows should not be factored into things until we sell. My actual cost basis dating back through 2019 will bring that cost basis considerably lower as I traded heavily (for gains always).
Two things come to mind here:
1. Contrasting where our shares are as opposed to highs established earlier in this year is not the way to gauge things in my opinion. Gains registered in February or April are meaningless as I didn't sell shares. It is the books, only, that reflect an ongoing state of health with respect to profits versus gains. Instead, the brokerage is showing that RCEL has been an immensely profitable investment vehicle for me and, I dare say, many, many others here as well. By the way, pete807 is and remains the friend who pushed me to launch my initial position in Avita!
2. When someone like the "sheeple alert" person comes along, going all out to hammer his thoughts and his urgings---my red flag system perks up and shouts to me. Our sheeple alert guy becomes my focus of the moment:
"Len, tune this bullshitter out! He couldn't care less about YOU or your estate---he's got an underlying motive. You've always been straight up in explaining your motives when posting. Why would you trust this guy who shows up every quarter right on HIS schedule, always painting a completely negative picture? And Len---you're sitting on a double plus! What's it going to take to make it clear to you that you're doing great and don't need the likes of a ranting fear mongering specialist?
_____________________________________________________
Now, then---I always detail my trades here---and I make a point (for my conscience's sake) of displaying my trades---both in and out---before or at the least coincidental with trade order details. I have no ulterior motives and I'm certain none could be established other than to help others follow the very pattern that has me to just over 100% gains year to date in RCEL. And, alas---some of my trades have been terrible! lol
Frankly, I'm surprised about this gain as I don't normally think in terms of profit/gain information. Having been blind for five years, I developed an ability to remember certain numbers critical to understanding how to best assess market opportunity. When I determine price points at which to buy or sell shares, it's based on an ability gained when blind that continues to come to my defense, pointing the way towards profitability. I'm blessed. And although 80 years old, I don't even wear glasses, thanks to some radical eye surgery twenty years ago!
So, to my fellow posters, I'll suggest you do what I failed to do until this morning---go to your profit/loss feature at your brokerage. Insert the time frame you wish to cover (this year-to-date orientation works for me.) You may find yourself pleasantly surprised. And if so, then you know what to do with sheeple alerts. But if you don't like your profit-loss picture, there are ways you can deal with that.
One last item:
Successful stock trading is built of the investment vehicle with its in-place management and the stock picker/investor/trader's portfolio management. The results each of us comes up with will represent the stock and---very importantly---the results of our own individual actions.
We all need to do our own "homework." It's so easy to get it done, really---as I found out.
I truly hope others here take a minute to scope out their own results. I suspect many will give themselves a much-deserved slap on the back.
Let us all hear from you, won't you? Your opinions are the life-blood of this board.
Thank you.
Len/Jugs
Would you please be so kind as to explain your reason for placing this post in view?
Thank you.
No, the information is incorrect.
USEI---will be about $15.00/share on Monday with fifteen dollar bills stuffed within each turd.
I guess that means there's an important dis-stink-shun here.
Many thanks for all your don't do of value to shareholders.
Yours is an extremely clever, fun and interesting post.
I'm not sure the intended recipient will have understood the intent but I'm sure most of us others do see what's going on.
Thank you for the giggles!
I'm not disputing the veracity of what you're saying. I'm looking at the futility of trying to make money when everything is askew.
Maybe so but I was addressing something else.
If history were a stand-in for investing advice, then we wouldn't wear masks to avoid pandemic-inspired threats.
Better to get with the times and that means assessing things anew today---and every day is a new day for each of us to reconcile.
No chart will tell you where we are heading. After all is said and done---
There is no future in the past.
Interesting, what you're saying.
You see, I'm hoping to sell a portion of my holdings in MNLO before August 9th which will get me past the wash-rule 30 day period. My last purchase was on July 9th.
This is meaningful as I'm underwater although not by a huge amount. Because of this it would be wise of me to position my buy sensibly.
My plan is to sell some shares between the date of an official declaration of the reverse split and August 9th. I hold 214,000 shares at present and intend on selling something between 14,000 and 64,000 shares. The reason? ---more often than not, reverse splits result in very significant share-price drops. My wish is to reposition myself so as to enable the re-purchase of shares at a price significantly lower than my sell point. I believe we could witness a drop of 20% to 25%. We may see shares dropping to $1.30 (pre-split) if not slightly lower.
Frankly, I think it would be insane to be adding now. It's not only about the proposed reverse split but also the ongoing pandemic.
Acne sufferers can effectively hide behind Covid-19 masking, something I don't believe will stand a chance of changing meaningfully any time soon. Considering probably more than half of acne sufferers are adolescents and it's the adolescent group testing positive these days more so than other age groups. Too, Covid-19 stands to impact more heavily on MNLO sales
than the death rate brought about by the pandemic.
Please do me a favor and go to the IHUB board for RCEL. This morning I wrote a lengthy detailed post explaining some things I'm realizing of late. My hope is that you'll reconsider what you're thinking of doing.
I don't want you to lose money and I strongly believe you will if you invest further in MNLO now. At least give things a week or two to settle, assuming the Board's proposal to declare the reverse split becomes effective.
Please let me know what you decide to do, won't you?
Len
P.S. If the split occurs before my wash-rule date of August 9th, I will do a partial liquidation anyway as the gains thru money saved will likely exceed any tax advantage. But I'm not a tax expert by any means so proceed with extreme caution.
My thanks to you, Melody. Validation is so important when we find ourselves living in a squall like none other we've ever experienced.
Len
My thanks to you, too.
That post took me an hour and a half to put together, plus eighty years of living through some serious life tragedies.
When someone (as was the case with Dan) humbly asks for my take on things, I know how fortunate I am that I'm even being asked for a bit of perspective. And then I bring JoAnn, my wife and MSW (social worker with her Master's degree and fully licensed) in to try to punch holes in where I'm coming from. She found no holes in today's writing and pointed to my Buddhist leanings she finds amply evident. Strangely, I've never read a treatise devoted to Buddhism but I want to and probably will.
We are all living in a world far stranger than one to which we've been exposed previously. I don't have solutions nor do I see myself as especially privileged in any way save for one thing:
I feel confident that I am able to share love with others. This calls for a wish to be of service to others and exhibiting respect for their output.
As most of us do here, the intent is that of helping. I view this board as a great example of people doing their best to be of service.
Artful---thank you for demonstrating support for things we both strongly believe will remain important bits of the human fabric now being challenged by the pandemic along with some political jousting.
Len
Dan,
In a word, "No."
I am not wavering in my commitment to Avita. So long as the company's technology continues to be the front running solution for people's suffering from burns and disfigurement, I will not leave.
Many people believe they have valuable input when it comes to investing advice. Some will praise while others will pull down clouds of doom and even despair. We might wonder how truthful these people are, especially when we see ultra strong egos getting in the way---bragging is never attractive. For me, it signals devious behavior with questionable motives.
Reading your post addressed to me last night, I was conflicted---knowing I had to think very carefully about my response. At 3:30 this morning I awoke, thinking about my response and quickly knew what I had to say. So, then...here goes:
1.We are living in a gloomdemic.
2.There is no easy solution within view.
3. Investing 101 holds that we invest in worthy vehicles, protecting seed capital always.
4. You know what they say about a rising tide lifting all boats, right?
Adding this up, I know within myself that it's not the time to be risking fresh capital basing decisions on hope, faith or politics.
I am trusting nobody---at present.
I trust no investment thesis---at present.
I am my "first-&-foremost leader" when it comes to taking advice. While I have spendable cash available without straining anything, my instincts are shouting loud and clear at me to resist the temptation. After all---
February 2nd was the last time the wife and I went out to a restaurant. For us this is hardly normal.
Early February was the last time we shopped for groceries without a protective mask. I love engaging with others---strangers are always welcome. Hugs are as common to me as farting, only more loving, I suppose.
Bottom line:
These are bizarre times in which we live, calling for extraordinary measures. Above all, I see this as a time to question everything we are told or encouraged to believe AND ACCEPT, and this means challenging and second-thinking even myself! It's not enough to walk in the footsteps of my opinion or that of anybody else; No, I have to constantly reevaluate so as to arrive at the most sensible point-of-determination for me.
Mistakes will be made but I owe it to myself to present my very best, always---and my conclusions must feel comfortable within me or I won't share them.
Now then, I am not putting additional cash into any stocks currently. I continue to hold fast to vehicles I especially like, Avita being one of them, certainly. But even here I'm on record for having maintained I will not add fresh cash until I see us close to the $20/share range. At barely above $21 I really wanted to take action but some of what I've said above advised me otherwise. If we could drop to pre-reverse split $5/shares as is nearly the case, then there's simply too much going on to validate any investment thesis. In short, there's got to be a recognizable pattern in sight for me to feel confident.
As I see it, we are not living in an era that could justify thinking 1+1 equals 2. Sure, yesterday, last month, January 30th would have had me thinking I must be nuts to question such an obvious thing. But today I can't go to a favorite restaurant. I can't joke with customers (strangers) at Sam's Club. No, these are extraordinary times.
Looking forward I see a few troubling things:
1. I see no "cure" on the horizon.
2. I don't believe a simple one or two stage shot will protect my life any time soon.
3. I know---above all else---that I've got to hunker down and accept that life is harder today than it was in most of my previous years. This calls for my determining extraordinary measures that will equip me to deal with extraordinary times wrought by extraordinary crises not seen by anybody I know. This, alone, tells me I'd be a fool to trust anybody to know more than me.
Accepting shaky, unstable ground beneath my feet is the most difficult situation in which I find myself. But it is what it is and difficult or not, I can't turn away from my first responsibility in life---that being to take care of myself and those I love.
Final thoughts:
The stock market is not exciting me these days. I'm not expecting this to change any time soon. So I've got to rein in my expectations and I need to do that immediately.
I'm not adding up portfolio value daily as I'd done for years. Now I just tally on Friday evenings to force myself to face up to how my portfolio management is going. While asset values have dropped considerably, I have a land purchase of four years ago that is rocketing higher, so things aren't totally skewed.
During these disappointing times, I've focused much more on a language program I bought into and I am enjoying the discipline. I have also pretty near doubled my exercise time---spending about two hours daily at core exercise and aerobics (cycling). I also spend more time with my critters---goats, donkey, dogs, and ponies. And then there's my wife who has been the blessing of my life.
This is an ugly time in which we live but as I add things up I'm coming to realize that the ugliness is really an expression of disappointment and not the life being lived. I have so much to live for and it's all enjoyable. More and more I'm thinking that I'll leave the gloom and doom to politicos, TV evangelists and egoistic folks believing they know something I don't. My time is better spent doing what I can to make this a better world for me and mine. And that includes anybody seeking comfort from others.
As for how long this difficult period will last? I don't know. But I do know it will depend upon how we define "difficult period."
My hunch is that I'm coming out of this vortex best described as a state of confusion brought about by new and strange difficulties. I will either find my way or I won't. But I will never stop trying. And I am now convinced that investing is not a viable process for me, at least not today. So I focus on other things as explained above.
We humans are an interesting lot for we have spirit. The trick is in figuring out how to unleash that spirit. For me, it begins with accepting that there is no absolute ground zero point in sight. So the journey continues.
Dan, I wish you and all others here the very best life has to offer.....as always.
Len
And thank you, too.
Thank you for reaching out. My hope is that others here will add their insights as well.
This morning I nearly added to my RCEL positions. But I held back, being of the belief that today's surprise drop could easily be dwarfed by tomorrow's shocker.
That doesn't mean I'm expecting bad news. Also, I'm not capable of reading tea leaves. In fact, I don't even like tea. lol
So then, I toyed with adding just 50 shares of RCEL when it was moving beneath $22.65. Awhile back I said I'd be a buyer at something closer to $20/share. However, I'm not expecting we will see shares dropping that much. But they could, couldn't they? I won't pretend to know.
The last thing I'd ever want is to cause others to lose money. So I'm treading water very carefully. With that said, I'm holding my breath, waiting and watching to see not only how low shares drop but also---how swiftly they move down.
The pandemic is hurting every part of the American fabric right now. I don't see reason to expect this to change any time soon. That has me viewing the present stock market as an over-filled balloon just waiting to be pricked by more pins of disappointment.
When I sense it's time to be adding shares, I will make such moves known on this board simultaneously. I will probably be adding in 50 share increments, keeping the adds smaller than my usual.
Key to managing my investing right now is "momentum." I'm a big believer in recognizing and respecting the impact of momentum on the human personality. Lacking something newsworthy encouraging us to believe tomorrow will be a better day---I think I nee3d to be very careful, in recognition of there being opportunity for the market to exert still further downward pressure.
I'm not as optimistic as is my usual nature because I'm not seeing encouraging signs indicating there's soon to be a way out of this terrible gloom and doom period in which we live.
I've been advising friends and followers to sit tight for the moment. We invest to make money. We also invest to secure a place in the future. Adding to RECL now could be counter-productive---after all, what is happening to lead us to expect a reprieve from the current dilemma?
I'm not seeing people making much money right now. As for securing shares for the future? The time to do that is when the prices look like a lock for the future. I don't know what that will look like and I don't want to become a patsy for my own optimism.
So I'm holding back for now.
I do hope this helps you. And I sincerely thank you for asking.
People don't always lose confidence in a company following a reverse split, that's simply not true.
The entire market is wobbling due to the corona virus. Look around and you will find most stocks are well down from earlier levels, not necessarily highs, either.
Egos are nice when affordable. Bragging is never respected.
Wrong!
USEI will be $4 with a four dollar bill attached but you'll have to first remove a few turds.
Definitely agree...volume is extremely low.
Reality is the greatest teacher of all. Fantasies---? The greatest
folly.
Hard to believe but I just realized there's a saving Grace in today's finish at the close---
The low of the day was $23.26.
However---get ready now---
We didn't close under the low of the day!
Isn't that wonderful?
We are so lucky, really.
Trueheart---tis time to rejoice. Pick your lady of choice , I'll do the same, and we can go dancin'.
What a wonderful day!!!
Well, obviously Avita doesn't read our posts here at IHUB. lol
Looks like the sky is falling.
Oh, well, I guess we'll just have to live for another day, right?