InvestorsHub Logo
Followers 39
Posts 2870
Boards Moderated 0
Alias Born 12/06/2003

Re: pennypicker42 post# 23333

Wednesday, 04/23/2014 3:01:12 PM

Wednesday, April 23, 2014 3:01:12 PM

Post# of 28181
Hi, Pennypicker.

I'm confused I sold my 10¢ shares took the write off and replaced them after a wash wait and a few dips.
With that and lucky timing I've stayed better than even.
Is there a reason why I should have just held my shares?



Not unless you wanted to frame and hang the old shares somewhere. smile

Now if you had sold VRML shares for a nickel the day before it went to $17/share in 3 hours, you might have been a bit unhappy.

The folks who somehow managed to lose money during those three hours sounded even angrier. There seemed to be a lot of them from the noise on the message boards.

Over a longer term of a few weeks, the stock went from a penny to $28 and is now somewhere around $2-$3, still a nice jump from a nickel or a penny.

This is not just a story that I read about on the internet but one I am very familiar with. I could go into a lengthy dissertation but what happened is that VRML infringed on patented IP, was driven into bankruptcy as a result and then somehow managed to get FDA approval of its biomarkers with volunteer help and donations.

The latter day problem arises from a CEO who was not sufficiently appreciative of the volunteers but the company is alive and it was all but dead.

The infringed party?

I won't go there. That is an absolute disaster. They abandoned the goose that laid the golden egg and are little more than a zombie.

I think, hope, pray that CYPW is not just a zombie but signs of life are yet faint.

The moral of the story is that one should decide whether they want to be a trader or an investor. It is damnably hard to be both.

All JMO.

And congratulations.

Best, Terry

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.