Blue Dolphin Energy Company (BDCO)

[snow]

downthehatch

I am almost 81 and I have been in the stock market since 1970. I don't blame you for anything! I think you provided us with what looked like a very good tip and I am grateful for such tips. I hardly ever invest just because somebody has recommended a stock. I make up my own opinion. I listened to a CC and found that mostly convincing. I paid attention to the name of the auditor. I bought and sold a significant number of shares in TIO at a profit of almost 200%. My big mistake was to sell shares in TIO and to buy shares in the other company when that looked a good idea. I did not pay attention to the possibility that there could be good reasons for the stagnant pps of the latter company. I was not as risk-averse as I should have been.

Otherwise I agree with much of you write. I remember the great enthusiasm for some companies producing products that enabled electronic communication around the year 2000. It may well be that oil refineries are now too cheap. But I still think that a pps of 40 dollars for BDCO is absurd. I see that waiting about a day and night in selling my BDCO I could at best have made a 100% profit instead of 50% profit. But I suspect the high of the day to have been a fluke. The real test will be when the numbers for the second quarter are filed in about a month.