Correction, you need to be in it at the right price to win it. Don't think those who bought Lanza's shares above 12 feel like winners right now.
Actually I have been long since July 2007. I to am gambling that this will someday payoff but realistically I will hold and take a little off the table if it goes above 9 and more off above 12 and 15. The old me would have added not now. I have made some good money in the trading account where I buy dips and sell rips. In the account where I have just held for years I'm way under my original investment. I hope that some day that account will return to my original investment amount or even make me some money but I now view it as more of a lottery ticket than an investment. Good luck with your bet.
I'm not just talking about today. Been in this for many years and every time it make a run it is knocked back to a point as low or lower than when it went up. I agree that it often bucks the market but that is because it is so small and insignificant. Watch as this goes up today to 7.48 then back to barely above 7. Given no news it will fade back to the 6s. On a bigger spike it may get to 12 or so then Lanaza will sell and some dilutive deal will be brought up and back down it goes. This has been happening for the last 7 years.
So many possibilities with this company but the bottom line is it just cannot seem to keep even the littlest of gains and today is a good example. Really poor managing of the news and personal grabs seem to be the norm. Just because a bunch of people are smart in the area of science does not make them smart with money. Little nobody day traders are making fools of great scientific minds.
Ameritrade does not recognize ACTC or ACTCD right now and the price is frozen at yesterdays close. Guess if I don't beat the market today I can't blame ACTC. Never had this happen before in 30 some years of trading. Guess I'm a hold today no matter what happens.
ACTCD giving its usual punishment to anyone buying even the slightest spike. Glad I didn't sell some at 8.50 because I would feel so guilty.
Religious fanatics will never be happy as long as there is even one person in the world who does not think exactly like them.
Look at the rest of the market. This is exactly the kind of day when having ACTCD is a good thing as it does not generally follow the market. Of course, this is not always been a good thing as the market has been up lately and ACTCD has been... Our day is coming but what to do when it comes is the real question. I myself will be taking a little profit above 9 and again above 12 if it gets there. Gonna beat Lanza out the door this time.
Been holding for many years in two different accounts so selling is emotionally difficult but I will take profits the next time it spikes as I missed out the last time. Can't time it as good as Lanza but I wish I could.
Like your optimism and enthusiasm. It would be nice if it played out that way but I think it will be a bumpy road until then.
Pretty much down across the board. ACTCD is my biggest % loser but TAN and XBI are both down 4 and 3% as well. REITs are holding up better than other things but even they are down. Nothing really getting cheap enough to buy though. Maybe tomorrow.