Saturday, September 30, 2006 1:24:31 PM
Respectfully, if you're referring to EFCR, your approach (as you stated it publicly) was to take any available cash you were able to raise and buy as much of that penny stock as you could, making EFCR the majority of your portfolio. When it went south, you went with it pretty quickly.
Having read your posts on SI for years, I don't doubt at all your concern with SLJB. However, similar concerns could be raised with regard to literally any pink sheet stock. These issues are rolls of the dice that don't play out more often than not. That being the case, it makes no sense to "bet" money you can't afford to lose. With EFCR, it appeared that you bet way more than your own risk tolerance could bear.
None of this is meant to be disrespectful; just my observations.
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