For the record...
unlike several of our most ardent cheerleaders, I have never sold a share of this stock. GLL for all her/his good info, has sold at this level, Walrus has some at least some. I feel sorry for those who got washed out below here. Certainly being a tko stockholder has been an ordeal. Even harrowing at times. Tuesday comes to mind. A buck twenty prior to earnings? Probably a good thing for those of us who continue to hold and accumulate. We needed to wash out all the weak hands and start over.
I have believed in this technology and its many applications from the beginning. I am well under water on this thing. I've continued to buy even in the face of the relentless downturn after the GE announcement. My confidence did not waiver, except when GLL sold out. I know one should not read too much into what "one trader" does with his shares, but her info was always so spot on, I must admit it took me by surprise when he sold. Still I bought my usual allotment of shares the past few weeks, accumulating what is now a huge position (for a guy like me who works--for himself--for a living). My wife precluded me from doubling down this week. What the hell, she's smart as hell, she's often right. We DO own a lot of stock.
I think, though, that the company has learned its lesson re promising things it cannot deliver. The market is demanding things from Pickett and he is delivering them. New blood. Guidance. Cash flow. I trust that what he said in the statement today is true. He must know by now that the market will not bear more swollen promises. And what he said today is good by me.
I won't buy any more shares. I'm finished with accumulation. I'm gonna watch. Good luck to all. Back luck to all the naysayers and blow hards who sell their shares while encouraging others to buy.
Read the press release and then read it again. It's all there in black and white.
BSD
AI
