I guess everyone needs to learn from this and try not to make the same mistakes again. I am not a big time investor and in the scheme of things.
I flipped this stock 6-8 times last year before I finally purchased my keepers. I held 4K shares at about $12.00 up until Jan 2011. When we crossed $20 in Jan I put in a stop loss @ $20. When the Cintron piece came out the order executed. Felt pretty good about my self. Then the MW piece came out and I really felt good about myself. However, then the Ping Luo piece came out and I bought back in. Looking back, I bought on the advice of an independent expert who should not have been swayed by the long/short debate. Purchased 1K @ $18 and 1K @ $17. I flipped 1K trading shares between $12 and $15 twice. Currently still holding 1K trading shares @ $14.20 making 3K total. I expect to loose about $40k when trading resumes. That is a huge hit for this small time trader.......
I bought in on an analyst report. I shed no tears for Ping over losing her job (rumor has it). She is paid to not make these mistakes. Makes you wonder which of the lying Chinese a@@holes do you believe. I got away from the pinks because you should be able to believe SEC filings, right? You should be able to believe analyst reports, right? You should be able to believe the words of someone who verified 3 years of bank statements and 50% of the contracts, right?
GGIE
AI
