Man!!! Been gone awhile and now back. This stock is something...but you CANNOT FLIP IT!!! Tried twice, both times much more expensive to get back in. Still way up tho from the start. Each time I flipped was after meetings/relations with skiddish engineering employees at Great Lakes (Chemtura) who keep saying that come BK exit time, the commons will cancel. I get tired of trying to convince them that this shouldn't happen in this case.
At any rate, last flip I used some of the profit to re-fi my house (only $4000 from the sale of my CEM shares), but then using that profit will save me $72,000 over the life of my mortgage, so my savings there certainly cancels out any loss I endured while flipping.
Of course, hindsight is 20-20...only wish I had snapped up some of the 2.6 cent shares way back when (instead of my 5.6 cent shares) like some of the local (El Dorado) folks did...I'm still happy with this tho...can't dwell on hindsight...just thankful I got in when I did.
This is an awesome, life-changing opportunity!!!
Thanks to all of you encouragers who do your homework!!!
