Friday, July 12, 2013 10:13:42 PM
My first reaction was to get out on Monday and deal with some losses buying in the .50s to .70s, but this started to rise based on interest in the company's potential with the Rapimeds and Asia news and that potential has not changed. The rocket ride that happened the last couple weeks was fun when it was on the way up so fast, but it wasn't based on any tangible news. For anyone who bought into SCRC based on the potential for the company, nothing is different, so while the losses right now, there's no reason to get our and actually lose money. SCRC will have Rapimeds on store shelves soon and the company will grow or it wont, but if you get out now and got in because you thought the company had potential, the SCRC story has yet to be written.
The fact is this is OTC and more than anywhere else, there's all kinds of traders and hype out there who aren't investors, they're just making a quick buck however they can. They latched onto this stock big time and someone or some group made a lot of big money in a half hour at the expense of others, but for longs who stay in, we just had a realization there is no shortcut to a company's stock reaching it's potential with real growth.
If this bounces back next week, then all's good and some dirty traders who had no interest in the company are out. If it drops based on panic, then I'm going to buy more at a lower price than when I first got in around .50 and let the reasons I got in play out and let the stock pan out based on the company's results.
Good luck all longs and Shock and Awe!
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