I spoke with Mike Terrell today.
I expressed my concern that we were teeter tottering on the verge of sub-penny land again, and that we could be headed toward a major selloff if PPS continued to spiral downward. Then he really stumped me with his response. It was along the lines of, who cares if the PPS drops; take it as an opportunity to buy more, because it's definitely not going to stay this low for that long. He also mentioned that he wasn't really concerned about the weak hands, because they'd likely be buying it back later.
We further discussed some of the political events going on in south america and their potential implications for Panamersa. All I can say here is, if even part of the Panamersa plan comes to fruition, we'll all be very happy investors in the end.
I don't know about any of you, but for me, it all comes back to what a trading buddy of mine said months ago concerning this stock. And that was, forget about what people are saying about this stock now, because most of them won't even be around when the big pay day from this stock arrives. So far, so true; hell, I remember people who thought they were the cat's arse because they sold this stock at .0007!
Long term capital gains.
