Replies to post #86227 on Biocentric Energy Holdings, Inc. (BEHL)

[jbsliverer]

For sure. Some of the short sales and distressed properties from the banks are just way to much hassle and are amongst the worst to deal with. Walked away from a few. One even sold 6 months later for little less than what I offered.

[was Phaeton]

They didn't want to deal probably because they know that eventually they will get the price they want or at least more then whats being offered.

Land/Property is that way. I learned the hard way about that with one of my first properties many years ago. Sold it because I thought I would never get a better price as everyone was telling me, I sold it at a loss actually. I was still new to the property game, but I never made that mistake again.

The funny thing about that one was that three years later I re-purchased the same property from the bank who had forclosed on it because the guy I sold it to failed to make the payments. I re-purchased it for the same price I had originally sold it for, then turned around and re-sold it almost six months later for a nice profit that paid for a new home :)

Stock is the same way in some aspects, don't sell at a loss, or don't lose out, simply because what others are saying. This applies to the BHEL stock as well, might not look like much right now to some, and there is a lot of what I politely call "creative insight" floating around, but that doesn't mean its not worth anything or will not be worth anything.