Personally Nutty, I think you have some stock wisdom, but I think you aint looking too good ... not with your gift of AFFY to us thinking it might be a nice "Spec Play"... but rather your handling of it since, and lack of up- front honesty, if you're even being honest with that now? Additionally after 5+ years of Tick-Tockin Jones, it's still here! It hasn't gone up, but it hasn't gone away either per your quarterly calls! You might turn out to be right eventually, but maybe also wrong though.
I'm glad you offered AFFY as something to keep an eye on. I have come across stocks of interest at times checking in on various boards. But I think you should have been more honest with the board, unless that was your plan and goal all along.
Your keep asking for a definition of Spec Play? Let me tell you something... It Aint Rocket Science!
"A stock with a high degree of risk. A speculative stock may offer the possibility of substantial returns to compensate for its higher risk profile. Speculative stocks are favored by speculators and investors because of their high-reward, high-risk characteristics. Such stocks usually have a very low share price, and often trade on smaller exchanges like the OTC Markets in the U.S. or the TSX-Venture Exchange in Canada. A necessary condition for investing in speculative stocks is a high tolerance for risk. This means an investor in a speculative stock should be prepared for the possibility of losing the full amount invested if the stock price goes down to zero."
Nothing new I'm sure to anyone here, and Jones fits right into it also, cuz afterall, who would have ever thought it would have exploded to almost $30 back in 2007. Along with the risk of a Spec Play, u just never know when, if, and how the reward might take place. Evidently you were selling AFFY on the ~$2 pop. Was that your reward for ur risk? You could almost do that in Jones, and it hasn't killed anyone, or per rules other than urs, within the standards of the FDA.
Bonghit, sorry to disappoint you in not keeping you informed on my position in AFFY, i did not feel obligated to keep anyone informed and here is why, If you remember 15 months ago +\- when i mentioned AFFY as a SPEC PLAY , it had a nice run and some got in and made money on it, i gave it to you and other's days before pete najarean on fast money pumped it, also call volume was crazy and indicated a big move to the upside ,, but when i mentioned it all i got was the board wanted to tar and feather me because of AFFY's financials compared to JSDA financials and that was the beginning of the feces throwing , also no one on the board ever said they were long AFFY other than WHO GNU, and he was a veteran of AFFY and fully understood the SPEC PLAY,,, as he put it it's a #$%$ shoot,,, i bailed after the MO MO locking in profits but played along with the board monkeys feces throwing as they wasted hours bashing AFFY everytime i mentioned or said anything about jones....i found it comical...you never said you even bought AFFY ever..
as far as jsda and 5 years of tick tock and jones still being here , jones is only here because of dilution,,in the last 5 years the price may be stable but the fundamentals continue to erode, sales have gone from over 27 mm to what 14mm ,,outstanding shares have gone from 26mm to 38mm ( dilution) margins have fallen and will continue to fall with rising interest rates and inflation, but more important is jones is running on fumes and needs to raise more capital to survive.
the definition of a SPEC PLAY is not rocket science and that was my point,, the board monkeys couldn't answer it because they didn't know what it meant, you don't need the text book answer simply SPEC PLAY is speculating something will happen,,,AFFY was the return of omonty's with takada,,,,JSDA is the company turnaround and being profitable,,, TO BE CONTINUED,,,,,
my point in asking what a SPEC PLAY was leading up to how much you should invest in SPEC PLAY but i never got an answer from the board monkeys,, because of the high risk involved the answer is 1% or less , even the big boys ( instituitions ) invest less than 1% of their portfolio when speculating ...but the board monkeys are trying to hit a home run going ballz deep,, thats why when i mentioned AFFY they started throwing feces...so i just played their game .. the way i was playing AFFY and the way im playing JSDA but don't see jones ever turning a round , is to keep it on your watch list , eliminate the risk .and follow the story and fundamentals ..the stock will never get away from you as you even pointed out,,,and will always find support with in weeks.... with that said.enclosing...