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Re: Californicator post# 8938

Thursday, 03/22/2012 4:34:12 PM

Thursday, March 22, 2012 4:34:12 PM

Post# of 43764
You got it Californicator. The sad thing is that I really believe we could have sustained the rally yesterday without any promos or news. Now people have already been psychologically conditioned to sell on news when it comes to BFLX and the stock obviously does better without it. The original BDPS promotion brought awareness to the stock and it should have moved up/down on normal conditions from there.

I no longer try to flip my way out of bad trades on a single stock. Not a good risk/reward ratio, IMO. Kinda like picking up nickels in front of a steamroller as Max Keiser would say. Would rather make up the loss on something more predictable.

Took a 25% haircut on BFLX so my losses are not as massive as some here. Best of luck to everyone still in it. You are all either very smart, very brave or stark raving mad!

I will continue to watch from the sidelines and hope that it really does eventually retrace since I love rubbing salt on my wounds…

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