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Sunday, June 17, 2007 12:20:04 PM
If I played SPZI as a "quick play" I would have sold it on the pop from my entry point to over $0.004's. I didn't. I have a full-time medical practice and really don't have the luxury of being accessible moment to moment at the computer to see each and every uptick or downtick as many can watch. I do have pre-set selling points. In over 3200 posts I have yet to try to "spook" anyone out of a single stock.
I have had INXR for over a year, since before its reverse split. I added heavily at $0.0003 $0.0004 in January and had my first 80 Million shares averaged under $0.0006 before it ran to $0.0027. If I played "quick plays" and was a "flipper", I would have been long gone from that stock. I didn't and I am not. Turns out that I should have played that more conservatively, and been all on free shares, but I chose not to. For me, that was a lottery play at first and it looked for a stock with 1.45B shares 0/S to be headed much higher than just $0.002's the first go-round. If I was the kind of poster who spooked people into selling off shares, I surely would not be someone now with the increased position I hold.
I considered to buy SPZI when it was around $0.0015 the other month, but chose to place my investment dollars with some call options trades that provided better returns at the time as well as buying some other long term holds. I chose to buy SPZI at high $0.002's last month and have a 4 Million share position. I bought it to become profitable.
Why is posting some frustration at seeing a stock you buy go up on a PR and return right back down to where you bought it, and then drop even farther as being taken as being a basher or writing a snide comment? I merely vented about the same old same old....happens too much and too often to so many of the long term holds I have had in pinkies where I see I lost the "sell opportunity" by being a bit greedy and expecting it to go higher rather than taking off some profits sooner. To me, it went up and right back to ground zero, a 100% retracement.
I incorrectly stated it retraced 200%. Sorry. That would have been back to $0.0015. It retraced 150%, certainly well beyond your 62-100% number off its pop from $0.003 to $0.0045. To me, the move from $0.003 to $0.0045, up $0.0015 and a complete return to $0.003, a move back down of the same $0.0015, is a 100% retracment. No? What do you call it?
Further dropping beyond its starting point (the $0.003 pre-PR pop is my starting point), of another $0.0007 is another 50% retracement of the pop, not 100% more, sorry.
So what I should have asked you was since you said that 62-100% was typical and usual and expected, how did you feel about a 150% retracement?
Disclaimer: You are completely responsible for your own investment decisions and who and what you believe on the boards.You are responsible for properly analyzing and verifying any information you choose to rely upon.
Doc
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