Monday, January 28, 2008 8:06:31 PM
And that's all I'm saying.
I completely own up to the fact that buying some shares at 4 bucks was a bad descision. There are no fundamentals here that justify a stock purchase at almost any price, much less averaging down on your position. Its better to agknowledge that and move on than to continue to cheerlead a losing stock because you have an affection for the CEO. Look at how fast spicy pickle is expanding...Uwink is light years away from that. (disc: I do not own spkl)
I never posted here because this stock seems to have a very active "stock cult" that cheerleads it. I hope the company does well but at this point I have my doubts that many shareholders will share in any success. Most successful companies don't need to go public before they even get started. It was dumb to buy my shares of UWKI and I own up to that. Fortunately it was a relatively small position but it still aches to see this plummet in PPS.
An investor's mind: http://www.retro.ms11.net/InvestorMind.gif
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