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Re: Danny post# 32813

Tuesday, 10/25/2005 4:17:36 PM

Tuesday, October 25, 2005 4:17:36 PM

Post# of 341666
With all due respect, your take on why 'negative guys' are holding may be a little over-simplified. Obviously, I can't speak for anybody else, but in my case, my average entry into SCMI is 0.084, and I bought in during the days of all the bs hype, including but not limited to GE, dividends of MMXT, etc.
As all the hype was seen for what it was and expectations were repeatedly not met, the pps tanked, which is no big surprise.
If the current pps was, for example, 0.079, negativism would be inappropriate imo (up to a certain degree), but given that the pps is where it is today, negativism seems to be more than appropriate. My logic, flawed or not, is that since I'm already down around 75%, I might as well let this thing ride: if I only lose the last quarter of my investment, in the general scheme of things, BFD....its a slightly larger tax write-off than the 75% I'm already down.....I hold in the hope that, for whatever reason, hype or not, the pps spikes and I can get out either at even or slightly above my entry point. My bad for holding as the pps continues to erode on almost a daily basis; had I seen the writing on the wall, and not been blind-sided by inuendo, I would have been gone at only a slight loss......live and learn......