Saturday, May 09, 2009 3:28:52 AM
I know Billy can be a slick squirrel (he can sell a born again christian a porn mag), and watching the stock plummet to the basement was exactly the place to buy for me. Like the saying goes:"buy at the funeral & sell at the wedding." There is nowhere but "up" for this submarine, and I am willing to bet what I did that it will. Heck I'm up 33%. Have a little faith, and like the Stones played so well: "Time TIme Time is on our side..." It will be several years to .10 pps if there will be any chance at all.
As I have said, this is my only play in the turd waters of the sub penny stock world, and I never would have placed a bet had I never met Billy one night in Lake Mary. Warren Buffett is my fund manager, and even he can make mistakes obviously.
If the turd goes down the drain, I get a write off to Uncle Sam. If it turns into a rose, I have a nice chunk of money that I will invest in something far more conservative, like a fixed investment.
And as for Calpine, I passed, & know a few very wealthy & happy people who didn't. They bought at the right time and have emerged from BK with a heavy wallet, so don't assume that in all BK's all people loose thier ass.
It's WHEN you buy that counts.
Cheers
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