I absolutely was. Thing is that was a month and a half ago. That was before my curious cat nature kicked in. I researched it all. Cbyi, linton, John Scott, entech, pawson, and all of pawsons half bred companies and ideas. I did buy in. Heavy at 3's, heavy at 6's, and light at 20. I certainly didn't see what happened coming. I'm a new stock trader. I've been trading stocks literally less than 4-5 months. I found out about cbyi completely by accident. Someone mentioned it was gonna blow up (like they all do) so I did my research. I found out it was a tire company (which I loved the product idea) so I bought in. I dumped 1000 in. Then it doubled. I transferred all my cash in etrade, and all my Ira money in which totaled 2k more between the 2 and bought 6s. A couple days later I put half my paycheck in at 20.
I watched it climb and climb and climb... I bragged to my friends at work about how rich I was gonna be, and then one day it hit 49, I said man, this is sweet, I'm up almost 20 grand, blah blah blah, and the rest is history. I sold at 16. I bought a used Toyota to beat around the hills and rocks in for four wheeling. Instead of an rs4.
I learned a lot from trading this stock. I learned about punters, dumpers, bashers and crashing. I learned about 8-k forms, and 10-qs and sec rules, but most of all, it reminded me how greed can take over someone's wart and mind as take it to places they wouldn't have to go, if they traded smart. Or if they followed through on promises, such as pawson, not doing things as easy as having a decent investor relations company. You couldn't even find the company on any of the internet. Pawson fist file things as he was supposed to. He didn't do anything at ALL according to mr. Scott.
Bottom line of my life story is that cbyi and myself came in at a great time together and I made some money, but more importantly learned to not be greedy. I learned no to marry stocks, and not be emotionally attached to the outcome that we all want so badly. Not to ignore info as I find it, with my inquisitive nature.
I even bought back in just to see where it goes, and I STILL dump on the company. That's the sad part.
