rjviking, "...now might be a good time ..."
Yeah, all stocks and markets move in cycles. So it MUST go down now so it CAN go up later. UP-DOWN, up-down... endless cycle.
I too, got caught up in the pump and hype about their successful clothing lines, etc. It all seemed so real at the time. Now I'm feeling a little like "I got played!", just like so many other times. It is just the "nature of the beast". I always knew this is a very risky investment.
My view is this one will eventually bottom out and then trend sideways for a while, maybe (my guess) up to two years. Then all of a sudden, it will take off again, and within a few days it will be UP (my guess) 700% etc. I'm sure we've all seen this phenomenon before. That's why we're here.
So I guess it all boils down to whether individual shareholders will stick around and suffer dead money for a while. OR see the long term potential here and view it as a Sector Play that will grow as the consumer resumes spending. Whenever that will be! I believe this is a more constructive way to view this, in order to convince myself there is justification to hold on for a while longer. Because basically, I just don't want to take the loss.
I have a moderately small position here so I don't have TOO much skin in the game. I can handle this level of financial risk. But my position is now DOWN 81% and I don't like that at all.
At some point I will average down when the PPS gets really cheap. I expect my number of shares will increase by 10X. Then I will just wait patiently for the situation to come around again. I will give this two years to produce an ROI.
Patience will be Rewarded! and Good Luck to All Longs...
VV
