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Re: Dragynn post# 15357

Sunday, 10/04/2009 11:35:39 AM

Sunday, October 04, 2009 11:35:39 AM

Post# of 36804
Dradynn: I have said it more than once; if one of my stocks go down to .0001, I usually get out in December of that year and take my loss.

One of my stocks went to .0001 and about two days later the CEO was arrested for fraud! I sold immediately; knowing that stock couldn't possibly come back!

I have two stocks that I should have sold years ago, because of poor price performance, Cetek and Clancy.

Cetek is a basically a .0001 stock that never gives financials (except backghanded once in a while)

Clancy gives financials every quarter for as long as I can remember! The Financials are not super, but they are golden compared to Cetek!

But Cetek does not move and neither does Clancy!

Then why do I hang on to these stocks? I only take losses when I am positive that a stock will not come back!

Clancy I believe will come back, because the company has a buyback program!

The chances of Cetek coming back are not as good but the reason I'm holding on is that they are in Ceramics. I was impressed that Cetek is listed in a $3500 report with some really credible Ceramics companies!

I may be wrong but Fayiz Hilal seems to be opening up a bit!

But he reminds me of the Wizard of OZ!

PAY NO ATTENTION TO THAT MAN BEHIND THE CURTAIN!

pick_the_one