Anyone who has played around with the pinks/otc has been bit more than once by a ceo or president. I have talked to ceo's on the phone saying one thing and then doing something totally different. I have seen then pr stuff reguarding products that never happens, I have seen then pump out pr's that never happen and then a few weeks later you see that insiders sold on that news when they made the stock run, I have been part of more than one that had the ceo hit the courts for fraud..... should I continie???
So when people come on here and ask why would some sell on the short pops and short runs.... I totally get it. You dont hold these stocks, you make a nice pop get out and move on to the next. New plays happen every day and if you hold most time you will lose most of your money because you likely bought on promises that never get delivered.
So do I believe JD and do I think you should hold this stock for the potential? Yes and No. I have no reason not to believe him, but he has put many things into the public that he now has to deliver on. I realize he sometimes will follow a statement with an "if" or a "but" so I realize he is covering his butt a bit. I think they have something that he believe has massive potential.... and it very well may, but that doesnt mean its a lock.... many things could go wrong. So I dont blame people for profit taking, and I dont blame people holding for potential... if you make 500% how greedy should you get, you might get greedy and ride it right down to being even again. Greed in the pinks usually is not a good strategy.
If we deal with a customer like wal-mart it could be great and it could make them go out of business in the long run. Expo is a small company, so to deal with a monster like wal-mart you likely have to work on smaller margin and make up for it in volume and you have to bend over backwards to please them. You would need a big company expansion and hire on a lot of extra employees. If they pulled your contract/didnt re-up you may go out of business because most of your income may have just left the building.
Personally I have listened to the CC about 6 times. I have done some checking into the company. I based my decisions slightly on the past but mostly on the "potential" future. I dont see myself holding more than half my position in this at this time next year. I will take money off the table when the time is right and let the rest ride for fun. I personally cant judge the potential until I judge what I think about the product and then see how they handle expansion and funding the massive undertaking of this new venture. It cost money to make money and if this thing doesnt work out or the economy takes another turn for the worse it could really sting. So far this looks like one of the best pinks I have seen, and I wish good luck to all
