i'm really sorry to hear of your losses on this..........
read a book from peter lynch..invest in a 401k that matches your investment 50% and always diversify..this crapola stock should have been less than 5% of your risk capital and no more than 15 or 20% even if it was as solid as investing in Apple.
this bad trade will take me 5 months of work to make back....on one effing bogus stock....its a shame.......just dont get suckered into averaging down on a turd/diluting stock like this....
there are so many other companies trading below their book value with zero debt and a slow burn rate representing a turnaround more than this crapper.....
Regi has a very low p.e.
then theres luna who has lots of cash from selling a subsidiary.......so many other stocks to diversify with for turnarounds........
they said blackbery was going to have a huge short squeeze and that had just a small pop and back to the crapper they went.....You cant bank on "squeeze stories" when nobody here has produced proof of the so called 400 million shares short.......besides, those shorts dont need to cover until this goes to zero or signs of an actual profit vs. their quartely losses....
good luck Jameson...sorry for being harsh before....sometimes i say what i say to force myself to take my own advice....to keep myself from being stupid and averaging down on a stock that still has a high 60mil market cap and has a more likely chance of going down then Up...
there was an article like 2 years ago that some large investor dumped millions on this........but i dont know what to believe anymore and i dont want to research anymore a stock that i have promised not to put any more money into....
if you want a longshot research mvis,,,their display technology will be in smartphones soon....thats a better risk than newl, and also holds the possibility of going up 1000% in due time but still a HIGH RISK PLAY......and longshots dont deserve more than 5 or 10% of risk capital....
a lotto play cost a few dollars.....not life savings.........anyways, i was on the beach today and that didnt cost a damn thing so enjoy life and respect your hard earned money going forward
