Grifco Inc (GFCI)

[Dr Bill]

Dear Len,

I think you broke your own rule. About posting about posts, and not the stock, I mean.

Anways, I'm not saying that I absolutely follow these rules, but I try, and the not adding to a losing position is one I don't break more than once. I chased a stock down from 21 to 12 adding adding adding adding and then it gapped down $4 overnight when I was on margin, I lost 300K and almost lost the house on that one.

There are people who at least claim to be adding more and more as the stock crashes through .10 and into the low 5's in about three weeks and those are the people I truly worry about.

IOW, at this point, if the stock were to miraculously get towards the .12 range the massive selling to try recouping at least SOME of the regained losses would create a VERY LARGE CEILING for this one that would be just like the .20 ceiling that held when tested for about 14 months....