Solar Integrated Roofing Corp (SIRC)

[AgeOfReason]

TripTrap, here are more reasons I sold.

SIRC's quite period won't end till some time in May. The USA infrastructure bill might not pass until August (according to news reports) and we don't know how much support/funding it will ultimately have for green energy (and how much it raise taxes on the fossil fuel industry). SIRC's stock could thus drop another 50% before SIRC's quite period ends.

I had large percentage losses in the stock market from 2018-2019 and by mid December 2020 I finally recouped all of those cumulative losses. From mid December 2020 to the day SIRC reached $3/share I recouped all of the cumulative net losses I had made in stock trading/investing since the year 1983 - and I had a net cumulative gain and had begun to feel moderately rich and became ecstatic (while also wondering if the stock was going to crash back down to 75 cents/share or 50 cents/share).

I bought my first SIRC shares at 56 cents, more at 46 cents, more at 66 cents, more about $1.40 (on the way down from $3) thinking the stock had bottomed, than at a about $1 (thinking the stock had bottomed), then at about 68 cents (thinking the stock had bottomed), then one share this morning at 46 cents. I then had essentially no more money left to add to my investments to buy more shares in a timely manner. Then today the stock dropped to 43 (or 44) cents intraday.

Today was the 12th red candlestick day in a row for SIRC and I now very seriously doubt that the stock will hold above 40 cents/share (at some point it will likely be above 75 cents/share, but I now think it will go well below 40 cents/share first). As of this morning all of my cumulative stock brokerage account gains made from late December 2020 to February 5, 2021 (when SIRC reached $3/share) are now gone. I had also lost the the gains which made up for cumulative losses from 1983 - 2017. Furthermore, I was in danger of loosing the money I had finally recouped from the losses of 2018 -2019. I thus sold. I will probably sell the rest of my shares tomorrow. I hope to buy back SIRC somewhere between $0.125/share and $0.39/share. [Note: the intraday low on 01/28/2021 was $0.39/share and on 01/14/2021 the intraday low was $0.15/share.]