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Alias Born | 03/05/2008 |
Wednesday, May 07, 2008 9:53:55 PM
Wow! It sounds like it...!
Look, it's only a stock. It sounds like you might have over-committed in terms of the size of your position. That's exactly what happened to me the first time, several years ago. I was able to average down and eventually exit with a profit. Now I just play this at a more conservative level to, hopefully, avoid the "dead money" scenario.
There should be no doubt that this company has potential. But for several years now, it has been mostly unrealized. However, the stock is still playable on a reasonable time-frame, like a year or more. Usually, only one or two opps to take a profit per year.
And the latest PR sounds like they may be starting over again, with this new bottle initiative. With every other country in the world wanting the wrap (except the USA) they haven't closed a good deal yet. Unless you consider Google to be that deal. So it would seem it's going to take a while longer for the success we're waiting for. Meanwhile, we wait...
Good Luck.
bbd
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