First American Scientific Corp. (fka FASC)

[sunspotter]

"Too bad. You should have told us that earlier in the year when the stock price was 1/3 what it is now.

So the FASC stock price has tripled......and what has the rest of the markets done so far this year??"

Sorry, I should have made myself clearer. As I hope I've expressed on previous occasions, I have no issue with those who try to make money out of trading stocks like FASC. In fact if you have a hair-trigger trading finger and more than your fair share of luck, then you can doubtless make a positive return. In fact, in spite of the statistical improbability of such a phenomenon, I've yet to meet or encounter any day-trader who doesn't profess to be in the black to a large extent. Go figure.

No, my comments about the damage done by stocks like FASC relates to those who buy and hold them, treating them as an "investment". Even the most avid FASC supporter would have to confess that has not been a rewarding strategy for FASC over the past six or seven years.

I hope that distinction is now clear, and apologize for my previous lack of clarity.

BTW, does the tripling of the pps in recent months mean that you think the time is right to sell? In a recent post, you implied that you had in fact done so. Or was that my (and Jagman's) misunderstanding?