Well all I know is, when I bought at 32 cents a share and it went up and then it dropped, I forgot entirely about a conversation I had with a guy stating clearly to sell all shares when it dips by 10%. So if I would have remembered at the time, it's possible (but not for sure) that is what I might have done. The problem is, talking to people in real life about investments is like talking to people about anything these days. You'll typically get kind of a cross reaction when talking about anything financial, religious, or political. People need to learn how to relax and just share some wisdom in a more mature way in this life.
Anyways, now I'm looking into getting rid of my shares and claiming capital losses but it isn't clear to me, so far, what that will even do to my taxes. I am not hooked up with any professional for tax advice since I always do my own taxes by myself so it's going to take some looking into. There might be someone at my bank that can help me out and see what the losses will do for me. I really would enjoy taking the stock out of my portfolio.
Saleen is okay but I like Shelby American a LOT more than this company since I have looked into history and things over the past few months. They have a penny stock too but as far as stocks go, I have other companies, non automotive, in mind.
Steve Saleen still can build this company to whatever he wants to dream of building it into. I firmly believe that since this company continues and keeps putting out new products and trying things. I can say that Saleen tries to innovate, rather than sticking to just one idea. Companies like this still do have potential. As far as the stock goes, it looks like stock can be a bit separate from what is going on with other aspects of the company.
Hopefully some of you guys can profit from this stock. I'm willing to let go of it whenever I can.
AI
