InvestorsHub Logo
icon url

grandslam

10/25/06 12:10 PM

#478 RE: thedingo #477

dingo: so what did u buy & sell and made 46% during breakfast?
Seems like you're a day or days trader.
Assuming you had put in $1,000 in rrgi and baled out to get back $200, then made 46% to get $92??
I don't get it.
Good luck to you.
icon url

Lastdeal

10/25/06 1:57 PM

#482 RE: thedingo #477

dingo, I can't blame you and losing is pretty tough. Nobody like s to think they got scammed. But Reality Racing is near me and I checked it out as well as other things. Its where it should be now. Everything is exactly like you would hope they would be. Very credible and professional people are running this thing. Contrary to what I thought, none of them is selling thier stock. I even interviewed some of the initial private placement investors. All on the up and up and no hint of any kind of scam.The problem is this stock got shorted by a very large brokerage firm. It was especially easy to drive the price down because there are only 7 million shares out there. This equates to a huge upside potential when things start getting done. I am of the opinion that things are rolling and now is a very bad time to sell. At this point the risk factor is low in my opinion. I would rather be in now than when they first started 2 years ago. So if you were an original investor, think what it would be like for the last two years. They have an independent audit that was voluntarily requested by Reality Racing. From what I understand it shows a high amount of liquidity and financial stability. I also found in my digging deeper that the founders are very conservative and only spend what they have to. This is good compared to some of the stocks I have been in. The battle is not over but I say yes, I would bet on this company. Just buy the stock with money you can afford to lose and give it 6 months to a year.
I don't post often so I apologize for this long one.
Thanks