Its true, as long as i own this stock it will never prosper. I have held it for a few years, seen it go over 5 a few times , never sold, then watched it drop abck like a turd in a well, watched it rise again, still didnt sell. I am fully convinced that if one of you would send a hitman to get me, or convince me to sell my shares, you would all prosper greatly. I had a stock once SINA, bought it around 3.50, soild it around 3, 2 months later it went to 32.00. I apologize to one and all.
Don't feel to bad Sam..I'm in at $.86..OUCH!! Glad you brought up SINA tho.. I met a little cutie in Taipei, that worked at SINA, back in 1999..So I spent 10 days there with her..A GREAT time was had by all :-)
This one has been a nightmare for me. I've owned it 15 months, and its hard to believe that any management could have been this incompetent in one of the hottest sectors around. But these are the kind of small cap stocks that I've made good money in by cost averaging and then holding on, and then not getting too greedy, when your in the money. Some good news, and some good luck is long over due with these guys.
I think everyone has sad story stock. Mine would be Priceline (PCLN). Bought 2,000 shs a few days before 9/11 at around $5.00, and sold it for the same price a couple months later, thinking I was just happy to get out even.
This time it will be different samsloane. Maybe sell a tiny bit at $5, though, just in case, like ten to twenty percent of your holding? Then you won't feel so bad if the price drops back down from there, and you'll still make plenty if it takes off instead. No hit man necessary.