Some of you see that low PPS and start drinking the kool-aid. There is no reason to buy when the the PPS will go lower. AND IT WILL GO DOWN SOME MORE. (sorry for the caps) As I said weeks ago "take profits" and some of you took my sage advice, others bashed me and, well, I'm right and you lost money. Sometimes lessons are expensive. Please for sanity sake no $4 by Friday posts. The carnage is too great. Better sell some and take your punishment. It will go lower.
Agree - IRE will drift lower & lower until they get some money raised. I sold at 2.76/sh. I'll get back in at 2/sh range. Nobody wants to own a POS in debt bank that keeps drifting lower & lower 10-20 cents everyday!!!
I truly appreciate your concern for my portfolio Michael. But I didn't get to where I am now by listening to great financial advisors on yahoo message boards. Furthermore, every time I have had faith in a company and bought on the dips I have made money. If I didn't believe in the company, then clearly buying on the dips would be a stupid idea. It's important to take profits when you have them, like you said, but please stop acting like you are God's gift to humanity. Best of luck.