I would love to be paid to post. That would go well with my other various sources of income.
I have made so much in capital gains, dividends and distributions that the US Government
has lowered my Social Security payment. I think Luke, our resident CPA on this board can
explain about this. It is something new to me.
It is nice to have Luke on this board. Naturally the shorts would not agree.
Is it fun when the value of one of my stocks drops just about
$134,000 in one trading day?
No it isn't, but I take the good with the bad and I post nothing
but the truth.
Oily, if the share price goes down to $10 I can deal with it.
I just couldn't pass up the chance to buy today because I
know how the company is doing and believe it or not, that
is what really matters.
Your posts should be like water off a duck's back.
You are a disgruntled former shareholder and you need to
re-check the story and just use common sense.
So far you have been incapable of doing so.
You are predicting that Pixie will go down to $10 or so, three
times in a row. I am interested in seeing if that happens.
I doubt it though and I will be a buyer; not a seller, if it
does happen. I have a 0ne-track mind when it comes to a
stock that I like. BUY, BUY, BUY !!! When I see a panic
sell off. Today was an overreaction and it is possible it is
And don't think of me as a trader. I can hold my shares
Most posters don't realize it but today was one of the rare times
they should buy shares.
I am copying this right from my brokerage account:
I bought 7 separate lots of shares of PEIX today.
I bought @ $12.78
But anyway I guess I am wrong because Dennis Hartman
has a rule to never average down!
I would be willing to bet that Dennis Hartman has never made
10 X or 17 X his money on a single stock like I have done!
I am talking real companies; not getting lucky on a development
stage biotech with no profits, cash flow, or even a penny of
One example of averaging down very successfully would be GGP,
which while in CH. 11 had the symbol of GGWPQ.
Say a person had bought 500 shares @ $25.00 before too many
people realized GGP was headed for trouble.
And then months later he realized that the company had problems,
but they also had say, 250 beautiful shopping malls all across the
country. They also had golf courses in Las Vegas and housing
developments there too, so he decided he would take advantage
of the panic that he could see happening to the share price.
Even before the company declared BK the share price had a low
of exactly 0.24...so this person had no trouble accumulating 250,000
shares @ we will say 0.40 because he got so excited he jumped the
gun a little. LOL So for $100,000 he bought shares that are worth
$6,687,500 as of the close today.
Along with that he would own thousands of shares of
Howard Hughes Company @ $146.00 per share and thousands of
Rouse General Properties worth $18.29 per share today. These 2
companies were spun off from GGWPQ / GGP after the
It is true you shouldn't average down on just anything. I wouldn't do it
on a biotech with no products, and no revenues. All they do is burn cash.
CH. 11 situations are all different and in most the shares end up cancelled.
So you have to be very choosey.
I have made the biggest % of my money on BK company stock.
Hag, what you are saying is, you have no idea when to cover.
I already knew that.
Good job Miles.
I started buying @ $12.78 today but I bought 3 times in the $11 bracket also.
I can't just sit and watch this stupidity.
But turn the clock back to when AAPL was $386 before the 7 for 1 split and what were they saying about it?
No one was really saying to buy it !! They hated it !
Today AAPL is better than cash but the opportunity for an aggressive investor is over.
Netflix, when they hated it it was $55.00. Since then it has been to $450.00
Today PEIX is a great buy.
You have to believe that the future will be fine.
I am going to log off for a while.
We had fund managers who held warrants exercisable @ $8.00 and they didn't cash them in
when we ran over $23.00 !!!
Of course I am guilty of using hindsight to say what they could have done.
They could have sold @ $23 and bought back all they wanted between $9.10 and $10.00 !!
But who the he11 knew beforehand?
All the nickel-dimers come on this board and use hindsight to make the shareholders
look bad. At the same time they short and cover too quickly and do all sorts of things
just to end up with gas and beer money.
Biff...proud owner of 76,000 shares of PEIX at this time.
Do not assume that fund managers are the smart money all the time. Some of them are more than likely shorting the shares or other shenanigans.
This market is not easy, that's very true.
Our day will come.
My PEIX shares are down $140,600.00 @ $11.52...but they are up $267,000 from my cost basis.
That's okay because this is not payday.
Contrary to what some people think, I post like I do to try to help others.
IMO, THIS IS BUY-TIME!
No one ever cashed in a 10 or 20 bagger without being down thousands
at some point. Naturally a short would never understand that.
What you will make is beer and gas money compared to what I will make.
That's just the way it is.
Hag, this is an overreaction and you should know it.
OPEC weeks ago said they wouldn't be cutting production..aka...price fixing.
I will continue buying. Again you are excellent at using hindsight.