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Broadway Financial Corporation Message Board

  • david_massivechunk david_massivechunk Jan 28, 2013 12:22 PM Flag

    Lessons:

    It's funny...we bash shorts and tell them how wrong they are. This has also happened with Arena Pharmaceuticals ($ARNA). Pumpers are very optimistic and fail to see through to reality on these trades. One person informed me that this trade was too risky, and another informed the whole board that this stock had a high chance of crashing after open on Monday. Instinctively, I sold right at open ($1.46), took a profit, and now we're at $1.05. I'm not saying this will not go up again. I am hopeful that it will..but with such limited information about this company, I'm not going to hold and be stuck with this for another 2-3 months while it hovers around or below $1; and those who predicted $5+– get real! It ain't happening anytime soon! Stop pumping, stop being greedy, and take your profit and buy back in when you think it's appropriate.

    Sentiment: Strong Sell

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