Redwood Group International (RDWD)

[capitalist1000]

Go back and read my prior posts. Not sure if I posted it under Banker21 or Capitalist. No sinister reason for two ID's, but use one when I'm at work and one at home. Had forgotten my password when I was at work one day and wanted to read some posts. Set up the Banker21 at that time. Funny how you and Rain think this is part of some coordinated attack. Anyway, held 3.8 mil shares at one point and now only hold 1 mil. Sold about 2 mil in the .0042 to .0045 range. Had a cost basis of .0058 at that time so lost a few grand. What I have in there now, doesn't keep me up night worrying about what in fact has transpired here in the last few weeks...i.e the 50% drop from the .006-.0065 level. Just when it looked ready to breakout over .0065 it started to retreat and has been falling ever since. To see the Ask filling up above .004 today was not encouraging. If I still had 3.8 mil shares and saw that, it would drive me nuts. Could be wrong, but learned the hard way that you can never fall in love with a stock and allow that emotional attachment prevent you from being prudent and taking some off the table to preserve capital. I mean, look at some at some of these names such as DRYS, TBSI, SOL, ATRO, APWR. All are incredibly cheap and have gotten crushed. The fact that DRYS for example is trading at a PE of roughly 1 at this level and is growing at 100% a year proves my point. That means it was still "cheap" at $70. Could have easily convinced myself to buy it at that level based on valuation. Someone did and is probably still holding it. Could take a year or longer for it to "come back" to that level. Who knows right? But if that person would have recognized the value of cutting losses quickly, he/she would have been able to ultimately buy it back at half that price. Not losing money is making money to me. GLTY.