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Monday, February 13, 2017 1:37:58 PM
In so many words, yes that is what I am saying. Every single investment firm on the planet will tell you that past performance is no indicator of what is yet to come.
Sandy went back 3 years and pointed to the price from then to today. That is not looking ahead at all and he knows it.
Now in your example, if the price were to drop to $1.00 I would want to examine it and see if there is an obvious reason. There would be plenty of warning signs in advance before that would happen though, in my humble opinion. Look at SUNE for example. Plenty of red flags pointing to their debt before they cratered.
I am not saying SUNW is a cash cow. Its a Micro Cap company with a LOT of risk. I cannot stress the risk part enough. But when I look at the numbers, I see a LOT of potential and am willing to invest in the long term success I believe it coming.
“We are like farmers chopping down the fence for fuel when we should be using Nature's inexhaustible sources of energy. I'd put my money on the sun. I hope we don't have to wait until oil and coal run out before we tackle that”. — Thomas Edison
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