Good, glad to hear you got back in when the going was good and then got out for a profit, though buying during the panic I guess back fired but IMO we dont really know yet how that will turn out so it could have been a mistake or it may not have been. Just because the powers that be lock up your liquidity does not necessarily mean that the investment itself loses 'value', of course they will walk the pps down on nothing volume and get their minions out on boards to engage their scare tactics to scare out sell volume for their own designs but in the long run, as long as the company can survive and do 'business as usual' then I imagine it could still have the potential to do well.
I agree, it is a shame what the stock has been reduced to but IMO it is not a shame to what the company has been reduced to. They got rid of the cronies and slapped an injunction on new management to run the business legitimately and truthfully never intending to engage in shareholder fraud so IMO it has a legal stamp of approval on it, especially after the SEC settlement. How could a scam company ever actually settle with a signed agreement with the SEC concerning business going forward?! It does not make any sense unless it is truly a real functioning business, albeit a micro cap start up with practically no cash to fund operations; that is another story. :(
Capital gains tax is only 15% so whatever, you can't complain. Take the profits, pay the tax and be happy I guess. True, you play with fire sometimes you will get burned but do not ever play with fire and remain poor. :(
The bankrupt government is pushing John Q into risky assets like speculative securities and such so all of these talking heads boasting about staying defensive, bonds, div stocks are really just not going to make any money in the next few years. When are these people going to realize that one must take calculated risks in order to gain in this system. There is no way around it, so, that means sometimes you will have big losers, and other times you will have big gainers. Patience, knowledge and some luck will play a big role in what decisions are used to carve out your particular path among the myriad possibiities in the market for the next few years. I say, RISK ON! You have to or else put your money with grandmas IRA and watch it slowly lose purchasing power over the years. I say, play with fire, get paid! :D
GLTY
-($) <-- DGTLF <-- +$$$
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