Sunday, February 08, 2009 11:30:16 AM
Imcl123 you are very fortunate to have recouped your losses. I wish I could be so lucky one day be able to recoup all my losses with one big hit. EESO appears to be a rare pinkie. But getting burned on some of my other penny investments, I was very conservative in my investment in EESO. Then I refused to average down when Jared seemed to be all over the place in his business model (energy drink) and diluting like crazy. If I had stumbled upon EESO after all those events pasted, I probably would be sitting very pretty now and not so worried about my current unemployed status. I only have 135,000 shares bought in April '08 at an average of $.01. Yep I was one of the unfortunates who bought in at a high level and then watch it tank. I am grateful I am now up 125%, but it is only natural to keep thinking what if I averaged down just in the last couple of weeks. Now we had this insane run and I am gun shy to pick up more shares. I just cannot get over the feeling or plain logic that it has to retrace significantly. I've seen it so many times with other pinkies. Now I realize EESO has real products and we are looking forward to the launch of WowGreen and the South Korea deal, but stocks get beaten down for all sorts of reasons and until we see the revenues, I believe speculation is fueling this run. I feel the need to proceed with extreme caution and know I probably should sell some shares now and ride on the freebies. But since I am not holding many shares and EESO may just be a once in a lifetime opportunity I am hesitating selling. I hope I won't fall victim of riding it up and riding it all the way down. We have seen some pullbacks in the past couple of days and it probably did shake out some investors. I will be watching closely.
