(skip over if you are devoid of patience)
Yes, it ABSOLUTELY WAS ! let's see if i can simplify a long convoluted story for your edification about what we euphemistically called "our little gem."
Back in late '98 I personified the old adage "poor starving artist" and happened to have scored a large commission on a mosaic tile mural to the tune of $95,250...Since artists rarely get to monetize during their lives i was unaware of what to do with such a chunk of money (even tho i only received about 65k after taxes and supplies for the job).... SOOOOOOOOOOOOOOO, i had a few friends who were dabbling in the stock market and gave me a few pointers...i took my first check for 22k (as they dribbed and drabbed it to me) and started day trading AOL, EBAY and AMAZON...having no idea what i was doing, i would borrow from my margin like 40-60k a day, make a quick 10-25k and pay it back the next day without ever having known that what i was doing was "day trading" and just what the negative ramifications might be if i were to mess up and get a margin call.... L U C K I L Y, that never transpired and the bux were flowing...my D&D consisted of joining "Raging Bull" and reading those boards that I was day trading...during the course of my cursory perusal of those boards, i overheard a convo about a little tech stock that had been working on a faster, cheaper, smaller chip that had potentials for many varied products and/or services...I read with relish about this fledgling company that had set up in Arizona with only 3 or 4 employees, low overhead, familyesque relationships and CHEAP SHARES...soo, at about 13 cents i took the plunge for a spare small chunk of change since those posting really did seem sincere and i have always been lazy at dd and eager to jump when i glean that something just feels right..most of the raging board members had lots of shares...some got private placements with deals to acquire more later on, which i missed out on, but was satisfied with my 11k shares...after a few months and a slow steady climb, our little gem began its journey up the charts...the day it reached a buck, which was so many people's person goal, hundreds of us went absolutely bonkers! People begged, borrowed and stole to come up with more and more money to buy more and more NSCT...i was cash poor and had to stand by and watch as most of my friends and relatives bought hundreds of thousands of shares...within a short while we were getting press releases and NSCT was touted as a great buy and it drew many...I do not remember the date, but the stock began an incredible climb in a short period of time and the day i watched my account reach $199k i thought i was walking on air! Unbeknownst to me, and probably most other "newbies" this was the bubble about to burst...we just kept believing the dream of it reaching 100 bux and held firm...2 days after our peak of 19 dollars we had slipped back to 16 dollars and i felt a pang of fear and decided to just sell off a tiny bit to cover my costs, so i sold 1000 of my 11k shares at 16 dollars and put it back into the bank...i am certain that i do not have to tell anyone here, who is over 40 years old what then transpired with the crash in around march of 99...daily i watched as my dream melted slowly, tick by tick, with me being frozen as to what i should do...needless to say, we, and the res of the market never recovered...my account had seen that 199k day and then observed my account slip into the low 3 k's...yes, 200k to 3 k in a matter of days....honestly, i never held the money in my hand...it may as well have been monopoly money cuz even tho had i sold that glorious day and actually put my greedy little fingers on the score, my life would have been positively affected --- instead, life took on a series of mundane statistics...I heard from family that knew about buying low and selling high and was on top of the situation and got to celebrate with cruises around the world, and purchasing second and third homes and jets and all those tangible things that do not fulfill our lives but make life here on earth a bit more tolerable and comfortable...so, over the past 12 years i managed to buy once in a while, i'm not even certain why i bothered, but perhaps somehow i knew deep down, that someday a day like a last Friday and a today might come to pass and with the 200k shares that I had amassed at a fairly decent average cost, i might just recoup a small bit of what my dreams were made out of...NSCT is not the company it once was..it has seen lots of different officers and employees who hung in -- even to death....but in my heart, somehow, though all the folly, there lurked a hope...Hope is a healthy thing...I sold 1/4 of my holdings today to pay some bills...the 150k or so shares i still hold will stay put...something is definitely up and i for one have not lost the desire to see it happen...Please do not pump and dump it...please do not let the momo's drive you crazy with their shenanigans, duplicitousness and utter lack of any type of human compassion...just keep your dreams paramount and just maybe they might become crystallized -- even a decade after you first encountered a worthy little gem....Here's hoping ---- A G A I N !!!
(sorry about the length, just skip over if you are devoid of patience)
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