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Monday, August 16, 2010 1:37:38 PM
I also think people got hurt from the pps decrease & liquidity (dilution) phase from around 6mo or so ago. But, I don't believe that all those holding higher sold (in fact my numbers suggest they haven't) and the downdraft has pulled the price into the $0.02's as a consequence. (Which in my opinion was more than the stock was worth based upon last quarters financials). But now, the pps has gotten even lower while the financials have improved. If this isn't a CLASSIC case of people SELLING when the ought to consider BUYING than I am not sure what is.
Impatience and/or being under-capitalized down here in penny-land is NOT a good thing! But it works for me...I am sure I will see a nice return on this investment and at the moment I have only taken a small (less than $5k entry position) but I will evaluate as I take in info, do more DD, speak with mngmnt and dig around. So far I am happy with what I view as an equitable risk/reward and can get out without much damage if necessary.
But, I may just increase my position as I have said (I opened at $4k and added another $1k so far and have order in to add some more based upon the research I've done so far). I like what I see so far.
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