Re: Price at which to sell..
Some folks have been talking about a PPS at which they would bail out. Let me qualify my remarks by saying that different people have different agendas and are driven by different goals, different fears and different "advisors". As for myself, I'm 83 years old and still working because I never saved any money. I don't believe in the stock market, and don't own any stock other than STWA. I knew Ed Masry and bought shares because of his passionate belief in the technology. There came a time when Ed selected Bruce McKinnon, whom I knew well, and who recognized that it was important to secure patents for the technology. As much as he was criticized, STWA was an R&D concept, and it was Bruce who spearheaded the move to involve Dr. Tao and Temple University so as to legitimize STWA as a real company and not a fly by night stock promotion. Gene Eichler is another unsung hero whose efforts kept the company afloat so it could survive during the R&D phase.
I don't recall any traders clamoring for Press Releases or other gimmicks to move the PPS until a few years ago because I always felt that STWA shareholders were in it for the long, long haul and were not into reading charts, Fibonacci, moving averages. Hot tips, HAL buyouts, reading tea leaves, etc. etc.
So, having been asked to state at what PPS I would panic or become worried or think of selling out, I can only say that I have always believed that this stock would someday sell for well over $200.00 a share, and probably much higher that that. I would never sell because of any drops in price no matter how low the manipulators and market makers make the day to day price go. I was always convinced that a bunch of very smart people controlled the bulk of the shares and they were committed to hold for the long term and did not pay attention to the confusing prognostications posted on the internet. This stock could go to the moon. Like any stock, it's a gamble.
I am certain that none of the negative posters are major players and the historically low volume trading makes it clear to me that the truly large, well established shareholders have never been sellers, and will not be sellers because of price drops or daily fluctuations. If I were you I wouldn't get caught up in the gloom and doom of those few who predict the demise of STWA unless the Board issues press releases. Put your shares in a drawer, be patient, and stop going crazy watching the bid and ask.
