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Thursday, January 16, 2014 10:08:08 AM
Like many, I accumulated heavy (previous screen name: caa5000) in the deep sub-pennies. At one point I held 3.5 million shares. I bought the Arkansas boys' pile of junk. I feel fortunate I snuck out .0115 for a 6-bagger... but it should have been a lot, lot more. The product was there, the network was there, however the inability of a couple guys' I've never met to execute costed me from changing my life.
The despair of HLNT crapping out costed my untold hundreds of thousands of dollars in profits, as I lost a lot of hope on ALL penny stocks. I ended up selling multi-million share stakes in MWI*, PHO*, MJN* because I lost faith. A CEO that I talked to dozens of times lied directly to my face.
I've come back a better trader out of it. I look back and think about the runs I past up all because of the lost emotion of the HLNT cronies. If I sold at the high of the three above (highly unlikely), I would've been a 25 year old multi-millionaire. While I can't blame anyone but myself, a small part of me wants to continue to blame the HLNT management, or lackthereof, of squandering one of the greatest opportunities of the penny stock world. This was headed towards .10, but the management was always incapable.
Cash rules everything.
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