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Re: PrimeTrader post# 6000

Wednesday, 04/16/2008 11:23:56 PM

Wednesday, April 16, 2008 11:23:56 PM

Post# of 11478
"If Livermore were alive I'm sure he would have seen the NNRI tape after last spring and noticed that something was wrong with the stock."

You are absolutely correct. The precipitous sp decline these past few months should have clued-in any intelligent investor that something was amiss here. Unfortunately, some of us were so stupid as to listen when some of their paid promoters kept saying "great buying opportunity, stupid to sell here, ridiculously undervalued here, this is a good price to accumulate, being manipulated by naked short-sellers, september / october / november...(pick any one) should be a good month for NNRI, life-changing stock, etc, etc."

In my case, looking back it was much like being boiled alive, but not really noticing because the heat was turned up gradually. With each drop in sp, instead of following my own trading / investing guidelines, for the first time in my trading life I layed all these aside and trusted someone who seemed to be 'in the know' with inside info and superior t.a. knowledge. With each sp drop, the little voice inside saying 'sell now' was drowned out by the lying drivel and false reassurances of someone touting the stock. Someone I believe you've defended numerous times here. We all try to make a living, but I don't think I could live with myself or sleep at night knowing I had cost so many people so much by misleading them.

What is left of my 'investment' in NNRI and GWDC is so small now it isn't worth either selling or worrying over. They're both worth around a tenth of what I bought them for when they were 'a great buying opportunity'.