I offer you my sincere condolences. But trust me when I say I've been here before. The truth is, my experience today is very reminiscent of the time when I was holding 5000 shares of Jazz Pharma and the shorts took a major run on the stock. It fell and it fell fast. I had started buying Jazz at 9.60 and continued to purchase right into an FDA review when it was trading at 12.50! Then came the news, the FDA while not outright condemning the drug, failed to endorse it, not on the basis that it was not effective, but that it presented a danger to society by way of date rape abuse. Well the stock just tanked. The shorts were merciless too. It went all the way down in the 7's and I was mortified. Frozen; "a dear in the headlights" as they say. Well it's a good thing I "froze", but as it turns out, I wasn't a "deer in the headlights", rather a Fortress Wall in the height of battle. And guess what, we WON. Take a look at the Jazz chart today. The shorts can have their fun and games and abuse the ignorant and the feeble, but I learned a very valuable lesson with Jazz and Ive kept it with me to this day. I sold all but 800 shares of my Jazz at 68 and change and while I do regret it, it has financed a new home and a college degree for my daughter. Sure, I've failed on other stocks, most are Turkeys. But the lesson here is, buy with good reason and then keep your convictions. Usually as the saying goes, "the darkest hour is just before the dawn". Im in well past the secondary (probably Lincoln Park) that will give this company the cash it needs to operate thru the Phase III trials. That was priced into the stock long ago. In the meantime, I just sit back and watch the big shorts manipulate. Its funny, but its sad too. We all must learn by our own experiences. I wish you all good luck and profitable trading.
Sentiment: Strong Buy
LOVED the story - good analogy. I watched the Jazz story unfold and should've jumped in after it reversed. Still though, I wouldn't have commented except just had to chime in here to say, what a bunch of bitter, whiney, infantile Puuuuussssieeeeze responding to your story today. Figures. I already knew there were a lot of dopers hoping to bank some big money off of the runnup by a follow on fear trip but this ones as bad as any I've seen. They outright lie and then turn around and do it again. Pathetic weasels are going to have to grow a bigger pair before they get me to sell. Take it down to 2.00 fellas, you're only helping me to retire as soon as this company gets bought out, and trust me, YES IT WILL! It's been structured to do so since inception. Lots of partners and interest. A big pipeline - the list goes on.
Sentiment: Strong Buy
oh pairodice what a heart warming story...thank you so much for sharing and giving us all some insight into your life.....i think i'm gonna puke.....perhaps Oprah or Dr. Phil would like to have you on their shows....
I hope this story is true, if it is GOOD FOR YOU and if not then you should look at another career in writing and building other's faith in things. I'm in unless we drop below $5 with a strong downward spiral. I'm praying this bad boy runs back up and hangs around $6, runs up on some news and bigger boys come in. Solid test news is always welcome as is a buyer. IMO
Great analogy and might add that if you thought this fell hard this morning, people will be utterly shocked at how fast this goes up with the slightest sign of a big fund taking an interest in Z. Throw on top of that if we get the news and it is good you wont have a chance to buy