MediumLlama - Oh, do not mind me, I just post what I think without thinking of any consequences. Freedom of speech, especially on a public message board is really one of the last few rights a human being in America can hold onto these days, so I do with fervor. It is clear to me the insiders and market manipulators think they are untouchable and above the law and can dump on puny individual investors without any consequence whatsoever so I think at the very least the nothing no name investor should be able to call them out on all their BS with no consequence. It is only 'fair', right? ;)
I have spoken all of the words I will say on the 'other' one already. The foreign short firms and other participants need to quit while they are ahead and take their winnings and go buy themselves another ferrari and move on. I have already written off the 'other' one as a spec investment gone awry (haywire), I expect no ROI from it but I have not lost a single dime on the investment. I plan to get my stock certificate and frame it and hang it up on my wall along with other reminders and examples I have been involved in which taught me how crooked the market really is, like COGT and a few others. If you have millions of dollars of capital you are willing to put to 'work' in this market, there is seemingly no limit to how much BS you able to get away with; free this, free that, zero dollar unlimited trades, corp bonds with insiders giving you options that you can convert at a 40% discount to the current market share price, etc, etc, etc. All the while the poor chump working 9 to 5 systematically putting away money into savings and transfering it over once in a while to his 401k and giving it to Wall Street crooks to let some crony mutual fund manager play the day trading game each day in a toxic market, it makes me sick. SEC needs to do some SERIOUS house cleaning and get overlords in the market to control all this crony BS; hint: those overlords need to NOT CARE ABOUT MONEY, that is the key. The only guys who are in control now have sticky fingers and themselves are so weak with no principles that they are as crooked as the manipulators and then we are surprised that all of this shady goings on is happening all around us while hardly anyone is going to prison, all the while the angry mob is growing outside on the streets of Wall Street wondering when the corporations will start hiring again. They will start hiring once there is demand, demand will pick up once the consumer starts spending, the consumer will start spending once there are jobs, ..... hmmmm I think we have hit an infinite downward spiral somewhere. When Wall Street can have 'certainty' that it will be the wild west once again for them then investment will come back flooding into the market, then this corp investment will cause companies to spend on growth and start using the hordes of cash on the balance sheets, but the wild west will only come back once they undue all of Obamas regulations, etc, etc. In the end, it is all political and the Republicans are just children pouting and mad that some outsider dreamer somehow got into the white house and started putting in place reforms such that Dodge city no longer allows criminals to walk around with guns on their hips. 'La hermandad' is firing back now with using their control to tank the market. Many will tell you its Europe, slowing in China, etc, but the financial world is global now, the same hedge funds who tank the futures each day 'because' the European market was tanking are on the European market hours earlier shorting the snot out of Euro shares, 'because' the chinese market was down earlier, but they are on those markets too and its even easier to tank those shares because the entire chinese market is a mugs game with questionable reporting practices, etc (check out the news on Sina and Bidu); rigged.
I hope that Dragonite has some staying power and truly at least attempts to begin producing product to sell. At this point, the original subscription at HKD$0.22 is down to HKD$0.076 which means such an investment is down 65%. Wow, really? I think the 'company' has a lot of explaining to do. I always say though that these spec investments need an extra wide birth, as far as allowing them to go up and down (+/-40% ?) more than normal investments before pulling the plug however if any here remember, even before the subscription process the stock was in the HKD$0.40 range so the depreciation is just really really sad in this one. I remain positive on the Dragonite fundamental story but I am also at the end of my rope with many of the stocks I own. It does not mean I will be selling any time soon, it actually means I will turn to other aspects of my life and quit even looking at my investments for a very very long time. Perhaps in a couple years I will come back to all of this and begin day trading once again. But for now, I have begun making a plan to travel around the world and research first hand many of my core investments. Along the way I will also go and come face to face with these alleged spec investments perhaps just to shake things up a bit. I plan to go to Hong Kong early next year and I will definitely be giving these 'people' a visit to talk about a more lucrative way to market and produce the product.
GLTA!
** DGTLF **
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