Thursday, October 11, 2007 2:42:01 PM
Agent, your last couple of posts seem to be pointed towards me, so here is my response.
Yes, I have a long position for 2 years that I held. This is in a "mad money" account. When I purchased the shares I decided to try something new and hold them for 5 years... mistake. I knew the risk, but figured what the heck (things looked bright for the co. at that time). It was a minimal amount of cash relatively speaking. Aside from that, I have another account for trading purposes. I have posted this info a few times in the past.
As for influencing others to hold.. I don't believe I have ever told anyone they should hold this thing for some fantasy outcome. I have suggested trading this thing though. I did believe the bottom was going to be at 0.0005 pre-R/S, but was obviously wrong (and have admitted to it). I also believed that if they had 85K subs by the end of this year that next year would be a good year.. but never expected this thing to go much higher than a penny (pre-R/S) for many many years. I posted my analysis multiple times and always said there were many variables and that everything had to go just right for this co. to do well. After the last 2 Q's, it is obvious they will never reach break-even.
Yes, I have a long position for 2 years that I held. This is in a "mad money" account. When I purchased the shares I decided to try something new and hold them for 5 years... mistake. I knew the risk, but figured what the heck (things looked bright for the co. at that time). It was a minimal amount of cash relatively speaking. Aside from that, I have another account for trading purposes. I have posted this info a few times in the past.
As for influencing others to hold.. I don't believe I have ever told anyone they should hold this thing for some fantasy outcome. I have suggested trading this thing though. I did believe the bottom was going to be at 0.0005 pre-R/S, but was obviously wrong (and have admitted to it). I also believed that if they had 85K subs by the end of this year that next year would be a good year.. but never expected this thing to go much higher than a penny (pre-R/S) for many many years. I posted my analysis multiple times and always said there were many variables and that everything had to go just right for this co. to do well. After the last 2 Q's, it is obvious they will never reach break-even.
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