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Bullisssshhhhhhhhhhhhh!!!!!
Actually it hasn’t been brutal at all for people who’ve known what they hold. It’s been a good time for people who need to, to average down. All the drama and bs has been exactly that. They’ve been making strong, consistent progress for three years. $3 million revenues to $100 million and possibly $200 million in 5 years. A 5 year could see the value growing.
The lower it goes the more attached I get to my shares. I hope they take it to $0.01. I could have millions of shares! I love watching the share price go lower as everything else about it gets better and better! “Wait wait wait…so you’re saying as this incredible bottle of vintage wine and these world class bottles of whiskey age, they get cheaper?!…umm, okay…I’ll have another, please!”.
Haha yes, that’s the detailed break down explained perfectly as you always do! In simplest terms: Hold long and accumulate where you can.
It’s easy to win this one. Just don’t sell.
Woohoo!!! I’ll buy more!
They can get in line behind me.
Nope. Very excited actually.
Super Bearish on this amazing stock. $17 million in revenues to $100+ million in revenues with the potential of hitting $250 million by 2023 is bad news. I think we’re on our way down to $0.00001 a share especially now that Dave Massey is buying back shares and lowering the amount of dilution. They’ve just grown too much. $10 million in revenues in June 2021 alone? And it sounds like they’re gonna be announcing similarly high revenues in July as well…super bad omen when a company like this is making money hands of fists like that. If a stock price could go negative I’d say that’s where we’d be heading. I’m gonna hold all my shares out of spite and then give them away for free when they hit $0. Short city here ladies and gentlemen.
I agree this is an excellent time to short this stock based on the current price and the recent news. I’d recommend maintaining a daily short position for the next three or four years. That truly sounds like a winning strategy in my opinion. It could very likely reach $0.05 again even with extensive revenue growth and organic growth in an emerging industry that’s being promoted by federal dollars and tax exemptions.
Much clearer, thank you.
Very nice!
I should also add, while trying to time the market and catch the train is as it’s leaving can be good way to make some pocket change, it’s also a good way to get drowned. It’s far riskier than just finding a low price on a good stock and going long. For people interested in opening long positions these are great prices to start buying in, but there’s probably not as many people looking to open long positions as there are people already in long positions and or looking to capitalize on the next jump.
Agreed, but like Televet said…flash sale! I’m just trying to decide at what price do I want to start loading again. I know I sound repetitive on this board with my bullishness, but these are the days we’re gonna look back at in a year or two and think “Ugh, I shoulda pulled the trigger and bought those extra shares when the price was in the mud”. I also know most of us are looking for the true bottom to maximize shares for the recovery. I find it hard to explain the share price without manipulation and without some overwhelming news, it’s hard to Imagine the manipulation ending on its own. I suspect this may continue until the next earnings report hits between $25-$35 million, confirming the $100-$150 million run rate? so it seems like a decent amount of time for the price to dip even farther. For those reasons I’m being patient…I suspect there are thousands of others out there doing the same thing and at some point it will reach a critical bass and people will start to think “Ya know what, that’s close enough” and start buying at which point you’ll have the chasers who will jump in to try to ride the wave back up and we’ll likely see another fast spike. Even when it starts heading back up, I think it will be a pretty bumpy ride as a lot of people still want to try to play this like a penny stock. Ask anyone who’s been here, during the first spike there were people who sold ALOT of shares at $0.16 and $0.27 because they expected the price action to resemble other penny stocks. There will also be some people who bought high and are lowering their buy price that are looking to get out soon after they break even. Trip Said back up in the $2 range “Get ready, it’s gonna be a bumpy ride”. And he was right, it has been and it will continue to be because of the simple fact that you can’t time the market. You just can’t do it. I keep going back to Warren buffers quote about the Market being a popularity contest in the short term and a scale in the long term. You can “know what you hold”, until the cows come home, but if you cant wait for the market to recognize what’s it’s worth as well, then you’re rolling the dice whenever you buy a stock. Sometimes the limiting factor on my investments has nothing to do with the value and potential of the stock and everything to do with how long I can let that money sit to realize it’s potential. That’s probably at least partially what’s hindering SIRC right now as well. People don’t want to sit on a quality stock for six months. They want to watch and jump on the train as it’s leaving the track. It’s a good way to make some pocket change, but it won’t make you rich.
Agreed. And You’re living through a “nightmare”. Goodluck with that.
Not trying to be a Dick, I get your concern particularly based on the drop you’ve experienced since opening a position with SIRC, but you’re complaining about the lack of knowledge and discourse in regards to those who are sitting green while you’re sitting red. What do you want people to say to you exactly? If you’re right you’re right, if you’re wrong you’re wrong. We think it’s going up, I’m not sure where you think it’s going. I’d think if you thought it was going down into the dumps you’d cut your losses and abandon your position. You’re still here which makes me think you believe it’ll make its way back up eventually as well. Painful experience, I get it. There’s a reason I never invested my mortgage payment or my car payments or my grocery money…how deeply you get into any risky stock should be based on your personal risk assessment. Sure, I would have loved to buy 1 million shares back at $0.05, but based on my finances and the money I was willing to risk, I couldn’t buy 1 million shares. Some people could and did. I’m not trying to shut you up, Feel free to make your concerns known, perhaps is cathartic to you, and there are people reading it and agreeing with everything you say, No doubt, but in the end, we’re all sitting here and waiting deciding to Sell, Hold or Buy.
So where was this incredible “Due Diligence” of yours that you speak of when you opened your position with SIRC that is now causing you to “Live through this nightmare” ?
Lol, apparently they still think the short term price matters. Is anyone on this board day trading?! Lol, didn’t think so.
Meh, long is long. I have more funds available than I had last time around so they can gladly take it down to $0.05 again as far as I’m concerned. I’d love to load up again and bring my price goal down! Someone out there is undoubtedly gonna be on this long ride and then sell their shares at the bottom before the pop. It’s inevitable.
I’m not even seeing what fish and age of reason are saying…let me guess, “Massive drop in the future!” Haha, please give it to me! I’m getting monthly dividends, just stopped all the reinvesting and all my dividends are going into SIRC until they’re back to $1. Also sitting on plenty of cash, gimme another chance to fill the boat Fishy!!
Okay okay, I’ll play!
1.) Without getting into too many details, I’m in my 30’s and I’ve reached a lvl of financial comfort I didn’t expect to reach until my late 40’s. I started trading in 2018 and due to my analytical nature I’ve been pretty successful. Bought AMD at an Average of like $13, BYDDF back in single digits, Rhode the PSEC train from around $4 up to $9 and of course was able to load up on SIRC at a price that we’ll most likely never see again. Most of my less successful trades have been due to LACK or patience, in that I sold them for a small profit then watched them fly afterwards. It was a substantial risk to sell AMD in the $30 range in order to load up on SIRC, when I fully expected AMD to hit $50+ (they went to the $90’s) but it turned out to be the right move. The realized profits I’ve made from SIRC are about equal to the profit’s I’d have made on my entire AMD holding had I held to $99, but I still have a lot of SIRC as well. I’m a FF and for comparison, I’ve been investing a substantial percentage into my retirement account for 12 years and as of right now with SIRC at $0.44 a share, My trading account has already surpassed it in 3 years of trading. This was always the plan, but rarely do plans go this smoothly.
2.) I’m ecstatic about my position in SIRC, because it’s exactly the company I was looking for. I’ve gotten my investment and significant profit back, so there’s no real risk of loss for me in the short or long term and I’m far far more Confident now about their prospects than I have been at any other point since I found them. As I’ve said before, I can literally just let this stock sit for 5-10 years if I have to (though I wouldn’t mind it getting there quicker) and I’ll reach my goal for early retirement (20 year minimum) at $5 per share on this stock alone. Meanwhile I’ve been using the profits to make moves elsewhere and this stock has the potential to go well beyond $5 a share over time. I’m also a moral investor so the stocks I invest in aren’t just about making money, it’s also important that they’re not detrimental to the environment or society as a whole. I’ve been hopeful that solar would play a significant role in lowering our dependence on fossil fuels and thus far it’s shown great promise. Long and Strong on SIRC. Maybe I’ll make my way down to the Soggy Dollar one day!
Wow…there’s a thought I never considered before, but you’re right! That could totally happen in this environment. I’m personally not a fan of spac’s and generally avoid investing in them, but SIRC definitely looks like an opportunity they could jump on and see some big gains over time. Great thought there Chill! Would be interesting for sure!
Here’s a tip, build a sandwich. Start with something you like and you’re happy about with the stock, then fill in all your concerns and worries, then finish with something that’s good and you think will cause positive growth and then say “Long Sirc”. People will be less confused about your “underlying intentions”.
You send Mixed messages Peter. Feel free to Keep talking about all the problems you see, but also try to throw in the occasional post about the good things you see as well and you’ll be fine. All your posts are pointing out what you deem to be the severe problems with the stock and then you follow it up with “Long Sirc” and you’re supposedly still buying up shares. Are you married? Do you love your wife? Throw out a compliment to her every once in awhile rather than simply constantly pointing out all her deficiencies and assuming that the fact you’re married to her is enough proof that you care about her lol. For those of us making a decision on 3 courses of action Buy, Hold or Sell, your posts scream “Be scared! Be ready to Sell!” , but then you’re supposedly buying and you finish your message with “Long SIRC”. It leaves a bad taste in peoples mouths, I guess. Like I said, I’m in a fantastic position to hold right now so my decisions is easy and not at all based on anything you say, but your messages could seem confusing and perhaps feel a bit hypocritical for people who are on the fence or who are struggling through holding shares they purchased at higher prices.
Yup! I remember those days well. That was a long trudge, but we focused on the fact that the share price would eventually catch up to all the great moves that were being made and they did. Similar is happening right now.
Whoa! Good catch!
I’m not talking anyone into staying in this stock. If you want out, then go for it…it’s not our Job to talk people off the ledge, it’s a Courtesy! And it gets old. We know the numbers that are coming, we know the path they’re heading and we know eventually the stock price will catch up with ithose facts. It’s the same
Story as it was when it was $0.05 dropping down to $0.019 on nothing, but good news and now it’s at 9x that. If we see a repeat of history you’re at $4.05 a share. Whether or not you still own shares in this company at that point is entirely up to you.
Perhaps the manipulators haven’t acquired enough shares yet? Haha, I honestly have no idea either. The only thing I know is that eventually it’s going up.
That’s my plan too Lionel. Well Done.
That is a very very good point you make about investors looking at the trailing 12 months to decide at what point to buy in. Keep in mind the 52 week low is still $0.03 a share. To new investors who might not and are likely not fully informed on everything going on with SIRC, they’re going to take that into deep consideration. That’s why the bears are so happy to spout “It’s going back down to $0.03” or whatever other crazy price, even though we all know there is no chance of that happening. It does have the affect of dampening the demand especially with numerous bag holders that were made during the spike up to $3.00. The people on this board are exceptionally well informed about SIRC, but the vast majority of retail investors are not. I would not surprise if quite a few people have this on their watch list, but aren’t actually following the news about sirc closely and are rather just waiting for it to drop into the twenty cent range or less to get in for a ride back up to $0.60 range or something similar. If you’re not actively looking for SIRC info regularly, you probably don’t realize how oversold it is.
Yeah. Sounds like it was Home run!
He had a heart attack at the beginning of the year.
Good idea! Very very excited that they’re going to continue answering questions in a public forum on a regular basis! Strong evidence that while they’re still considered a penny stock, their mentality has moved well beyond the pink sheets. Good things to come!
Great Q&A. Glad to be long with SIRC! Sorry to hear about Brian Milholland.
We all have to realize there’s two different groups on this board now. Back when it was $0.03 a share, we were all largely in the same boat. That’s not the case anymore. I’ve generally considered myself a realist, but maybe all of us who got in at the lower numbers are actually optimists. It does take a certain amount of optimism to invest tens of thousands and hundreds of thousands of dollars into a penny stock worth less than a nickel with hopes that they’ll get all their ducks in a row a reach their full potential. I’m sure we all experienced the ‘eye roll’ and ‘dismissing’ looks when we mentioned SIRC early on to friends and family who thought we were insane for investing in a penny stock. For those of us who got in at rock bottom prices, those of us who were hoping to see $0.25 by the end of 2021 and were excited to see $9.1 million in revenues in 2019. It takes far less optimism now to expect good things from this company than it did two years ago. We’re looking at a stock supremely oversold and still sitting at $0.45 with a lot of great acquisitions, a good team, $100 million run rate etc. As well as an astounding amount of potential. For us, we’re through the hardest part of our hold for this investment and even as it sits now, it’s only blue skies ahead for us as we’ll never see $0.05 or $0.02 a share again (back when it touched $0.019 a share, my buy price was still $0.056 a share so I too was in the red %60+). On the flip side there’s also a group that saw the potential of this stock (or were hoping for a quick flip) that made momentum moves at higher share prices and are now sitting on heavy losses. In order to keep things civil we have to meet in the middle. The uncertainty, over-analyzation and slightly pessimistic spin on news is not abnormal or even hard to understand when you’re sitting on heavy losses. On the flip side, for those of us who were in the uncertainty at $0.3 who’ve seen insane positive growth over two years, our over-confidence, lack of concern about the smaller facts and slightly optimistic mindset is natural when any type of red is largely in the rear view mirror. For us it’s irritating to see doomsaying and severe pessimism on a company that’s already done so much. If you got in because you genuinely saw the potential and your DD told you to buy, then I urge you not lose hope now! As we said when it was worth $0.02 a share…it’s only a loss when you sell! If you can Lower your overall buy price, it’ll bring the Green Day’s a bit closer. If you never really had faith in the company and were just trying to ride the wave up, I don’t know what to tell ya…you play the market, you may get burned.You’ve got some hard decisions to make.
For all of us who are long regardless of what price we got in at, I think we should all interact under the assumption that no one is TRYING to be overly optimistic or pessimistic, everyone is trying to be realistic. It’s easy to recognize the real bear pushers and paid advertisements to sell your shares (fishmonger for example). It’s also easy to just hit ignore on them.
Twice before I’ve seen it touch $0.44 and be stopped dead in its tracks and usually bounce hard back up. I’ve thought this was the bottom for awhile, this why I don’t expect to be able to double up my share count. If they did somehow manage to break it below I would start hearing up for some major buys. Either way, good things are coming one way or another. I’ve got enough shares to meet my goals and was able to grab some more not too long ago. We’ll see how the QA goes tonight, but I have to be honest, I’m not at all concerned about this stock. Just waiting on my Apples :).
Thanks for the posts. I’ve definitely had a lot of these conversations with myself in deciding how to proceed, and at what point to take profits etc. Those are important considerations everyone should be taking when trading in stocks and particularly in penny stocks. My number has been a consistent $5+ for a set number of my shares for sometime now. FOR me, that’s a conservative goal because at the minimum, I’m working for 9 more years and frankly I could sit on these shares for that entire period without a second thought and longer. I’ve gone through many many scenarios and possibilities in my head and I have some general guidelines lines in regards to how I’ll proceed. The wonderful thing about this stock is the huge potential to open up many many options and once you’ve had the shares for more than a year which many of us are already at, you’ll pay capital gains tax on your profits. For me, this stock and company could be for me for the next 50 years, so I have no reason to rush my expectations or place time limits on my patience while I seeing what I deem to be successful management. Yes, you have to have faith in Massey to own this stock. It’s that simple…but beyond that anyway you cut it, time is your friend when dealing with this stock. It’s a dream come true to find if you’re young and working and can just let it sit. I’ve said so from the beginning, people putting time constraints on how long the can and are willing to wait for this company to mature are doing themselves a HUGE dis-service, but everyone is under different circumstances.
Yeah, I haven’t bought any this week either. I’m still watching to see which way it swings. If they keep pounding it for another 90 days until the next Quarter financials, who knows. I would seriously LOVEE to double my share count! Inevitably, some People are gonna fall for the shitty mind games and sell right before the reverse, but of course, that’s why the hedge funds do it.
The last couple times it’s touched $0.44 it’s almost instantly bounce hard back up to $0.60 so we’ll see what happens next week. I would not mind the opportunity to double my share count at some stupid low share price though.
On the one hand: Oh woe is me, the price keeps going down…but on the other hand, Bring it down to the effing floor, so I can double my shares!!!!!!! YESSS!!! You can do it Hedgies!!