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Investorman

03/02/04 12:26 PM

#48461 RE: Tin-Berrygood #48460

In some cases it would be much more than a half a million. I am not faulting them for wanting to take the money and enjoy the wealth. I would probably do the same in their position. Neither do I think they are dumb and unsophisticated.

As far as the situation goes..... well, it doesn't look like everyone was in agreement as to whether they were able to sell them or not.

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hrct_bull

03/02/04 12:32 PM

#48466 RE: Tin-Berrygood #48460

Tin, do we know what the "cost" was for the reversal to happen. I can imagine them reversing their decision, but I'm wondering now what was given up to cause it.

No problem here with the reversal.....the shares will come to market sooner or later. It might have been better to have just got it over with as many here had suggested yesterday. later tin, hb
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500_and_Long

03/02/04 1:00 PM

#48476 RE: Tin-Berrygood #48460

berrygood, please use the banned for life on some of these guys, please!
This board is JUST LIKE the old one, with EXACTLY the same folks under different aliases.
D

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Penny_4UR_Stocks

03/02/04 2:13 PM

#48492 RE: Tin-Berrygood #48460

Tin. Agreed. Let's not miss the forest for the trees. Most of the insiders (approximately 2/3) have agreed to extend their restriction for an additional year. Obviously, most of the insiders are optimistic that they will be rewarded for this patience.

If there were any concern on the part of the insiders, we would not see most of them agreeing to the additional one year restriction. Quite the opposite, we would see most of them bail out, which is not happening. As you state, it is to be expected that some of these folks will want to take some of their profits now.

What we are seeing (IMO) is the typical draw-down on OTCBB stocks prior to an expected positive 10K and additional PR's (including the expected application for a new exchange listing).

We are all trading against the MM's. (Sure many here do not believe that, MM's are just creating an orderly market by balancing suppy and demand, right?) MM's are the real pro's here. Amateurs often panic in the face of draw-downs, selling low and then buying back high. We have now heard from more than one on the board that has panicked and sold out or wants to convince everyone else to do so.

If you want come out on top of this game you will need to learn to manage the two primary emotions (fear and greed) that motivate your behavior. Learn to recognize the folks on the board that panic and spread fear every time the stock drops.

Set aside your emotion and ask:

Has anything fundamentally has changed with the company?

Do I still have the same expectations for the company?

Should I expect MM's to be making a play for my shares at this time?

"Misery loves company." Are others taking advantage of a situation in an attempt to influence my behavior, opinion, or attitude toward the stock?

Group dynamics are very powerful. Individuals will behave differently in a group than they would alone. Can you resist the "group think" and make independent investment decisions based upon careful analysis devoid of your emotions?

Anyone can trade stocks. Penny stocks are (OTCBB and PK) are different. Most traders will be stopped out or panic when caught in a draw down, and give up their shares to the pros. Often, a regretful decision that leads to resentment of those investors that did not. Only a small percentage of the investing/trading population will make it to the right edge of the bell curve and achieve outstanding results.

Its great to see so many HRCT longs on the board that make investment decisions based upon reason and logic rather than emotion.