Biocentric Energy Holdings, Inc. (BEHL)

[el_loco09]

i think you were impatient, but thats imo...

It's possible. But, I started to lose money on BEHL very soon after first buying it (400K shares at .05 in late Sept of 09). Thus began the journey down the hill (check the graph from then till now). I would average down based on the flow of the news until my average share price was a bit over 2 pennies. I fell in love with the promise of this technology and held on longer than I should have (I'm still pretty stubborn when it comes to my stock picks as I will explain).

It used to be the case that my investing philosophy went as follows:

There are only 3 outcomes:

1. I will buy a stock a certain price and sell it later for a profit.

2. I will buy a stock at a certain price and hold it until it is worth nothing.

3. I die.

Two years ago, I decided that was not rational. At some point one has to swallow one's pride and admit the mistake. I have now done that with BEHL. I saved 5K out of 27K for some other purpose (which may be just as foolhardy).

It's natural for newcomers and those who are in at a half penny or less to be quite optimistic. I was that way for quite some time. But, I've changed my mind. There are those who have stuck it out longer than I did and some even that may have a larger average share price than 2 pennies. We all have to decide to hold or sell at some point (or, ride it all the way to nothing).

There was/is a clever poster that says, "It may be that the purpose of your life is to serve as a warning to others". That could be the case here. We will see.