Besides significanly higher profits and providing ones judgement is correct, taxes play a huge part in net profits. For those of us fortunate for this to be a concern the 15% difference between long term gains and ordinary income could be a new car (maybe a Porsche?) boat, who knows, but you do get well paid for waiting.
Too bad you didn't buy at $5 like me, then you might be able to afford a month in Europe, we leave on Friday. Repeat, impatient immature angry and also a fool.
It was recommended that Jesse Livermore be read to improve one's trading/investment skills by Wedge recently. Having read years ago that he commited suicide when despondedt and broke I never read anything he wrote, however my curiosity was aroused and decided to investigate him a bit. Thanks Wedge I'm mighy impressed. Here are some notable quotes.
"They say you never go broke taking profits. No, you don’t. But neither do you grow rich
taking a four-point profit in a bull market."
"Of all the speculative blunders there are few greater than trying to
average a losing game. Always sell what shows you a loss and keep what shows you a
"Take your losses quickly and don’t brood about them."
"Throughout all my years of investing I've found that the big money was never made in the
buying or the selling. The big money was made in the waiting."
Great advice, thanks again Wedge but reflecting on our prior posts it seems you a) never read his writings, or b) read and never comprehended or c) you really don't know what you are talking about.
Well said photo, and I would suggest some patience be exercised prior to adding to your holdings pk It's been less than a week since earnings and after all the good news has been thoroughly digested a bad day or two in the market may offer a price a lot more attractive than today's and we know you have little tolerance for volatility. GLTA
No apology neccessary my friend, still considering a buy, maybe a pull back on a bad day might be enticing enough. Did you ever take a look at MTG?
Before passing judgment on somebody elses intelligence perhaps you need to explain how you can "hear" something from reading the printed word? Rather than trade insults with you I will point out that becombing wealthy in the stock market is not that hard, if you choose the right vehicle. FCEL might indeed be the right vehicle for you and may indeed be a $10 stock in a few years. Buy 100,000 shares and voila, you're there and if you can have a good portion in a tax sheltered account so much the better. In my post regarding this stock I have never stated it would fail only pointed out some of the obstacles it may face going forward, but every stock that I have ever owned and profited from that trades at $1 has faced similar obstacles including quarterly losses that one hopes will end soon. You all need to put aside your paronoia, buy a big stake if you believe in this company and patiently await the outcome.
Firstly my messaged was addressed to and directed to Ranjo, so I don't understand why you responded in the first place. Secondly these are message boards for posting MESSAGES between those who care to post on any subject they care to, you don't have to read them, in fact they are none of your business and Yahoo certaily didn't appoint you to censor content. And finally business, my opinion was asked because I have been very successful in my investments Ranjopolis and I have been involved in several stocks together and he knows I have made some significant (huge profits) I'm not a billionaire but am (more than) a millionaire. So in summation Ranjo and I will continue to post what we want, when we want, about what we want and perhaps in future you will ignore those messages as they really are NONE OF YOUR BUSINESS.
You're both a great dad and a great guy all around and I am still mulling this stock. Seems a bit strange to me that after forty years in business it's still priced at around $1.00???? Oh well it is what it is.
No problem my friend, I tend to forget how much power a single poster can have on the future of a Company (especially me). It's a well kept secret that these boards are monitored by the biggest players on Wall St. and anything interpreted as negative can destroy a small Company's future instantly. No, there's no paranoia here, just a group of very bright well informed and realistic investors.
By the way, glad my revised post moved the shares a bit higher for you today, such is the power of the pen, er keyboard. Be well and prosper! Sloop.
Ranjo, took another look at FCEL and realised what an incredible future this company has. Massive insider buying, significant Institutional Ownership, virtually no short interest and a huge cash position. They are a qtr or two from recognising profits that can fund growth organically so they will never have to borrow or issue stock to expand. I can see nothing that could possibly go wrong. Their biggest problem will be how to deploy all the cash they will generate, stock buy backs or a healthy dividend, maybe both? That is of course unless they are bought out at a huge premium, a Chinese or an Indian company maybe or even company like GE? Or perhaps like First Solar they will build power stations using their technology either alone or in partnership? No risk here, buy all you can at this while it's dirt cheap, a ten or twenty bagger in a year or so, maybe more.
Every body happy now?
Peter's comments recently and Hirsute's observation that there were large buys made without raising the price imply that Institutions may be behind the short's manipulation of the price. It would seem to me that with such a small float those same Institutions could easily raise the price back to previous high levels when it pleases them. With such positive guidance it would seem we should expect overall Institutional ownership to rise in the next few months and short interest to drop?
I responded to Ranjo on this board because he asked my opinion over on the PKT board and it seemed more appropriate to respond here rather than there. I directed it to his name because it was directed to him rather than the board in general. Both PKT and more recently NTWK are examples of the positive effects of a reverse split, check them out.
Wedge, hard to be underwater when you buy at $5. I sold 50% on the way up and even adding a bit onthe way down I did fine and made some more yesterday. I probably shouldn't have been critical of your selling, there is always more than one way to skin the cat however it would seem a better move to wait for a pullback and transfer your ALLT holdings over to PKT that appears to me to be the better Company both for their technology and location. Again good luck to you.
Hope things are going well for you, glad you made a profit sorry to see you exit so soon, maybe buy back if the opportunity arises?
Left a message for you on the FCEL board.
Have a nice weekend, Sloop