Well, bad news for all my fans out there (gukky, allinthegame,etc). My target of 13.25 was hit this morning and the other half of my sahort position was taken out. I know you are all sad about that. Good luck to all you bagholders. Hopefully you will cut your very large losses at some point, but based on your posst I doubt it. If the momentum turns I'll join you on the long side, but if it pops on low volume you'll have to deal with me again as a short. Keep the dream alive guys...maybe one day MAGS will cure cancer and your stock price fantasies will come true.
Of course, that's what I have been trying to tell you. We ALL have been burned before. Anyone who says they haven't is lying. I have learned from my mistakes and now have stringent risk management systems in place. I see you do not. I have been trying to help you see the light (whether you believe it or not, I HAVE been trying to help), but you are still too stubborn to admit to yourself you made a bad trade and cut your losses. Eventually, after being a bagholder enough times, you too will learn and become a better trader. But until you learn to cut your losses your destined to ruin.
Hey, best of luck allinthegame. With your attitude you will never learn how to trade. But I sincerely hope your losses on MAGS won't be material to your financial freedom. If you are not going to sell this thing ever I hope at least it levels off so you don't add to the loss. Does your wife know about the loss, or is a a secret?
He is obviously getting killed on MAGS, hence he is becoming more and more bitter. As I said, a train wreck is fun to watch and he is a LOUD train wreck LOL. Allinthegame, just keep in mind that tax losses can carry forward, so one day you may have a gain to use it against. That's good news for you, right?
Hey, I can understand why you're embarrassed. MAGS was a horrible trade for you and you obviously have no exit plan. Do you now understand why you are referred to as a bagholder? You hold a tanking stock, either forever or until you are even, whichever comes first. Is that correct??