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Genetic Technologies Limited Message Board

  • out_there_somewhere_2000 out_there_somewhere_2000 Nov 6, 2011 5:34 AM Flag

    This company

    Is one of a handfull of fully certified labs in the world. Growing government cotracts across the board, animal and genealogical testing, medical and forensics.Even without the patents and Brevagen, this is a ridiculous low market cap. Anyway you cut it this is a good investment that could go ballistic. Win win.

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    • it's also a great company to lose $$ on.

      • 1 Reply to johnkelly6914
      • <it's also a great company to lose $$ on.>

        john, here's a little bit more information for you that you seem to not know about.

        When trading stocks it is very possible to LOSE money on a great company or to MAKE money on a bad company.

        Wise investors ACCEPT the blame for their bad decisions. Stupid investors always blame the company.

        I hate to admit it, but I am the one who introduced you to GENE. That was sometime back in June on the AXK board.

        Here is a message I addressed to you on June 28th:

        johnkelly OT 28-Jun-11 03:50 pm

        Noticed that you posted on the GENE board.

        Curious as to whether or not you took a position.

        I think a run may be beginning that could result in huge long term profits.

        You replied with this:

        Re: johnkelly OT 28-Jun-11 06:53 pm i very much like GENE! they are new to me but their breast risk test news in the US looks promising! i think they have sufficient funding as well, like $7million in cash last march quarter ended...

        i really don't know much about them, but they seem promising and they're chart looks stable...

        i'd get in on the next down market day...

        On June 28th, GENE's price was as low as $5.54. If you had bought in at that time, within 7 trading days you could have made a profit of as much as 94%. You are the one who CHOSE not to do that. YOUR MISTAKE.

        After the runup and the halt, you decided to get in at $6 and eventually sold at around $4.30. Again, your decision.

        Was GENE a great company when it ran to $10.75? Was GENE a POS when it dropped back to $4?

        NO. It's the same company offering the same opportunity for people to either make money or lose money on it's shares.

        Time for you to quit blaming companies and accept responsibility for your poor decisions. Can you do that?

 
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