Shorts,
Believe it or not, I totally agree with most of what that poster said....except for the part where one never gets their money back.
Case in point.....a little stock called FTEL. I don't know what the symbol is for it now, or even if it's still trading, but it's one where my husband had bought 10,000 shares of it and it did practically every sneaky thing in the book. But it was sexy, and it had a lot of followers and I said to my husband...."Why don't you just hold onto it? It'll be $10 someday." Now this was back in 1996 when the bull was really just starting to roar. Well, hubby didn't listen, and guess what....it went to $10 one day.
And then there was JAWZ. A friend of mine bought 23,000 shares of it at $1.00. It very quickly went down to 15 cents.
I said to the friend, "Why don't you buy more? It'll be a $10 stock one day." Friend didn't listen...sold instead and guess what? JAWZ became a $10 stock one day. Actually it went to $14, but who's counting?
I don't trust people who are negative ALL the time like that poster seems to be. I might agree with him 99% of the time and 99% of the time he'd be right...but then, because he's so negative, he'd be too obtuse to see when the exception was staring at him right in the face. Either he'd be too obtuse or he'd be too filled with his own importance to be flexible.
Ya gotta be flexible shorts. Gotta ride that horse. Twice before, I've been right when the odds have been against it. And fates willing, I will be right yet again on PHGI while your friend is pontificating all the reasons why I should be wrong.
