and yet you bought more...interesting.
Examine why you bought more a couple months ago...your posts appeared just as negative then. You can't legitimately blame you losing money on your investment, from that point on, to the company...you already had an established history from which to make a logical decision to invest more or not...and yet you bought more? And now complain that you lost more?? Hmmm...
Just very interesting from an investing psychological point of view.
As with most penny's...if the company pulls it off...big bonanzas/gains for the investors. If they don't...losses. Some penny money making guru stated don't even think of investing in penny's if you think every, near every, most, half, or even one third of the companies you invest in will make it. As a matter of fact, he stated if even 1 in ten come to fruition you have done great. That's the penny stock investor's life...so don't complain about it. It's what you've picked to invest in.
I've invested in lots of penny stocks but have had only a few successes. But oh do those successes far outweigh the losses on all the others. And when you see one of your picks go from 40 cents a share to 10 dollars a share (USGL - now UXG) in a little over a year...that's excitement. Or a 3 cent a share stock go to 70 cents in a couple days (HABE). Then do it again 3 or four years later. I've got a few more but the thing is, I've got many more losers which I got rid of when my investment goals did ot work out for that stock. You get the idea...but to complain about the losers????? That's all part of, and expected in, this penny market game. If you don't know that...you are not realistic in your expectations...and is why some ask why are you invested here vice the DOW 30, or Fortune 500, or CD's, etc.
To complain about a company an investor continues to own shares in, or buys more shares in when you don't believe in the company, you don't trust management, that you say has never therefore will never get it right, speaks volumes about the individual investor in my opinion and less about the company they continue to own.
G
