Wednesday, February 19, 2014 11:45:02 PM
I also invested in MCIG - another OTC stock. They had supposedly rolled out their first product in a limited run and sold out. I got in about .05. They claimed their Ver 2.0 would be rolled out in another month. They were behind on deadlines and there were zero financials to look at. I had no idea what their margins would be but I guessed razor thin based on the price of their product and the engineering behind it. I saw zero patents protecting their ideas, only trademarks... scary. So I got online and ordered some products as a way to see if it was legit. Took me about 2 more months to get my order- but sure did and I admit, it was really beyond expectations. I sold around .12-.15 and was really happy. But now I look back and am mad it's trading at .35 now... hahahah Again though I can't complain about profits. I moved everything from Mcig to SLTD.
Regardless, It can feel like an eternity when you are invested in a company that has little info, and products "pending"... As I've said before, there will be delays, there always are. Hang in there, turn off the PC for a while. Try not to focus on the negative nancy's out there and remind yourself that this is a solid company you have invested in. Not a pump-n-dump, or a bunch of bone heads. This is a seasoned businessman that has already put together a team of talented individuals who have taken a theory, developed a prototype, patented their tech internationally and now completed an acquisition of another much larger company. It's going to take more time, probably months not weeks, but we will see increases.
One other note. I recently read an article that said when you find a good company, or good technology, just get into it. Don't try to "wait for a dip" that may never come. Timing the bottom perfectly is just as hard as timing the peak. Just get in and enjoy the ride.
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