No Guts, No Glory
I agree with the notion that newbies are running like scared rookies in the face of their first firefight with a determined enemy. That's unfortunate, but to be expected. I don't see the problem with those sitting on a long position because, by definition, going long means riding out the dips and rises. Also, by definition, going long would mean strengthening that position by buying a few more shares when the stock's low and then betting on an inevitable rise. Again; nothing wrong with that. The only problems I can see would be if somebody's trying to protect themselves by also shorting the stock but I don't see that happening too much with this sub-penny.
No, I think that it's going to take some time to get this stock sorted out properly but the good thing about it is that it's based on a real company, with real assets and real performance to judge. I can't speak to the specifics with this Sebastien fellow and his desire to abscond to Costa Rica with all the shareholder money he's supposedly got socked away because there'd be nothing any of us could do about that in the first place if he and his fellow officers were to do something like that. Due diligence doesn't mean putting private detectives on the man's trail, after all. Rather, it means looking at performance, potential for performance and also how much risk is acceptable. So far, I like what I'm seeing with VYGO. If that doesn't pan out, then the fault's on me and my poor due diligence and stock assessment skills.
