I advise readers not to listen to such trash. He nearly guarentees you will make 100-500%. lol What a joke.
And rule #1 of stock trading, never, ever, ever, ever expect a buyout. Who in their right mind would buy a company that "does not perform"?
This is just another desperation post from a stuck bagholder who has been dollar cost averaging for the last 3 years. He's so ashamed of himself, he has to post under a different username now. Never take the advice of someone who can't look you in the eye, and definitely not from someone who can't even post under their real name on a message board. Lies, lies, lies!
No, SMSI is not a top pick for any rational investor. The company loses more money daily, and the value of the company is less each day. You call that a top pick? Please rethink your position. Now if its your top gamble that is fine, but as a top stock pick, no.
#1. 1,200,000 shares isn't jack when the share price is at 85 cents. He makes nearly as much as his stock is worth in his yearly salary.
#2. What company in their right mind would buy a dying company that can't make a penny, and instead loses $3,000,000 per quarter on average in assets. They can't even get individual investors to buy the stock anymore. The average volume is less than many traders' account values. You would think a stock at 80 cents would have volume of at least 1 million per day, and that's till only $800,000.
#3. Bill has proven time and time again to be unreliable and a BSer. Who would even engage in talks with a person like that?
Sorry but he has watched the parade go bye bye, and you have taken the biggest hit of all Mr. be_accurate.
They all need a nice tax deduction to offset all their total market gains. There is no hope for this company now. None at all.
Yeah, actually the simple reason SMSI is down is because they lost 50% of their sales, lost nearly $100 Million in short-term assets, and continue to lose more every day.
It shouldn't be any surprise to anyone that the stock dropped quickly after going up so much on no news. It's just day traders pushing it up and down. But overall, the long-term downtrend is still in tact. Based on past history, there's a 100% chance of new lows coming soon.
Great call. But did you dump it and take your profit? All the gains will soon get taken from you if not.
Many of you had a good chance to lock in some profit, or at least reduce your loss. Don't forget one thing here. This POS ALWAYS gives back all its gains, ALWAYS. Play it correctly and make some $. But never hold it or you will always regret it. Also do not double down or dollar cost average more than once. You will always get burned that way too. Just ask be_accurate (zzed).
You reminded us more than once to mark your posts of buying under $1.30 several times. I still haven't forgotten.
I also don't forget this is a 12-18 month hold. Even though that time is up and you lost 75%. "remember, every time it goes down it's a buying opportunity". lol
You can't fight a long-term downtrend from a company who loses more cash and value daily. Why someone would invest in a company like that is beyond me. Stock is ownership. Would anyone buy a company who's value drops more each day? A little investing 101 for inexperienced investors like be_accurate. Do you ever see press releases of new contracts? Never. There is no reason to buy at all for investment purposes.
And the real sad part is, instead of dumping, be_accurate BOUGHT MORE at $2.20. MOOOOOOORRRRROOOOON!
I'm still waiting for an answer as to why one would invest real money into this company. Anyone?
"a leading provider"? lol then why is it's sales down 60% and the stock at 84 cents? I don't believe that's the sign of a leader.
"My understanding is that about 10 trials have been in place so any of those could result in a new contract as well."
That's been your "understanding" for years now. Unfortunately it's been a misunderstanding based on what BS tells you.
Now onthelongside is making fun of all the "ill-informed shorts", yet there's only about $40,000 total short on this stock. Where do these idiots come from anyways?
"When I am the one whose investment has grown 67% this month."
Just you? Is that what you really think? You're the only one whose investment has grown that much? lol
Unfortunately you are down 80%+ still!