Thursday, July 24, 2014 6:05:48 PM
The sector is getting whalloped....no company i find is releasing positive Pr's and seeing a consequential jump afterwards. CBI# today would be the latest example and at least they are touting the former assistant surgeon general. The sector needs positive news from the current administration...backed by the current government on either banking or drug re-classification or similar to actually move. The same players that can make this thing blow up are still scared to do shit for 1 reason or another so just like a year ago we are at least 1/3 rd of the way into our gradual decline that will eventually end up around a dime [if we're lucky] before bottoming out. I'm done doing my DD....yep there's a bunch I don't like about mediswipe/agtk but I can say that about almost all the other 9 positions I hold so honestly I do look at the sector as a whole and it all crap......but the companies are doing what they can...they are as frustrated and hog tied as we are and that's why it doesn't matter anymore what a Pr says...no matter how good you are doing you are still under enormous constraint...we can walk away with a loss these guys have to shutter their door if they don't make it.
im not changing my tune a bit....ive just evolved after more DD.
ill continue to point out Bs when I see it....sure BMF is something else - what a character - I just feel we are getting bullied by the government branched butting heads with each other and firms that are buying shares cheap.....selling when they try and run to keep the price down and repeating the cycle so the pps is under control until at which time hell is unleashed they start selling en masse` and become millionaires a hundred times over.
bottom line- only a long will win....they only way is to keep your shares and sanity by lowering the short term expectation [ did that thrice already lol] and stay in touch with the sector.
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