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China Crescent Enterprises, Inc. Message Board

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  • otcdevil otcdevil Jul 29, 2010 2:56 PM Flag

    And way to many Bashers here also.

    I bought like a lot of investors this stock at $ 0.10 last year on believes it was undervalued. Book value was much higher. PV never mentioned he was going to dilute but he did the hard way.

    So a lot of investors got screwd up with this guy. Can't you blame them??????

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    • chitowndale Jul 29, 2010 3:22 PM Flag

      Yes, i can blame them just as I blame PV for wasting away the opportunity to make this company grow FOR THE STOCK HOLDERS.
      They needed to watch the stock and make adjustments. Despite the drivel out centenarian's from Michigan spews out, driving to Dallas is not necessary since this company does its business overseas. Of course being 100 years old he probably still thinks America is the only place people do business.
      I too was taken in and bought at about .07-.075 because I also thought that the stock was undervalued. But I did my job of keeping track and dumped it when it kept dropping and then bought it back and sold it at least a dozen times. Each time I was able to my avg PPS until I got it down to .0154 so when they announced their results in May, I almost doubled my money and immediately sold it. Now I am back when it is selling at .0071-.0082 and have managed to pay and avg PPS of .00755. Hopefully by the end of the week I will get it down to .0075 even.
      Then I will wait for it to rise before 2nd Q results are announced and will sell it all at that point. Then I will stay away until it nears time for 3rd Q results and maybe get back into it then if the number sand price look good.

      So no, I don't feel bad for people who think they don't have to do anything but buy stock and sit back and the money will roll in. It .doesn't work that way,