Lots of questions as well as an opinion on my investing philosophy. Let me lay it out for you:
1) I do not consider myself one that flips stocks for a quick profit. A few ticks are not relevant. I actually held Bayport for about 4 or 5 years, going back to the days when it was called Exit Only, and were getting into resort hotels in Fort Wayne. I bought on dips and averaged out to about .0004 or so. When a stock makes such a dramatic move of 500% in a matter of a day, you do not wait for the expected pull back. That is what most did at that time. My view at that time was to see what transpired and maybe take another long term position, which I have done. I was married to the stock, but thought it was better to get a divorce....or a short term separation.
2) Not sure how Jim Porter makes his living, maybe he is independently wealthy. However, I have not seen any indication that he takes a salary, or that he owns shares.
3) As to Bayport having a bright future, I cannot say for sure. However, have put a bunch of money into the stock just recently, and intend to hold it a a few years. Unless, of course, something out of the blue happens.
You can call what I do as flipping. However, I see someone holding for 4-5 or more years as investing in a growing company.
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