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Re: wakl post# 258

Thursday, 10/21/2010 12:14:38 PM

Thursday, October 21, 2010 12:14:38 PM

Post# of 830
wakl, As you've stated you come from a big stock background.

So I can understand why you might assume I am a big buyer. I used to invest in much higher priced stocks also, before I came to realize what I was actually doing. That was about 10 years ago.

For my sake I spread my money around over a wide range of penny stocks to reduce the risk exposure from any one. And I NEVER put too much money in any one stock. Right now I have 10 and I'm watching another 50 or so, as future prospects. I have only two that are in the green and this isn't one of them.

As far as being a big money player, I'm definitely not. But I have been highly successful doing "value investing" MY WAY. I have only a couple of thousand dollars working in here, and that is well within my "comfort zone". If for some reason I ever move outside of my personal comfort zone then I tend to become overly emotional and easily rattled by setbacks. I have learned that this works against me holding a position long-term for the big profits that I am seeking. Since that is my goal I have to restrain my buying. Know Thyself Young Man!

So I guess my point is that I am looking at Shrink as a longer-term investment and I'm not particularly interested in flipping this for just a few bucks. I am hoping to hit a Home Run with this one. Based upon my DD on the subject I do think this one is capable of going way higher over a reasonable time-frame. Only the flipper mentality and further insider dumping will hold this back.

All just my opinion...

VV

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