Glad I sold at 34.10 I knew even though there were many cheer leaders here it was hard for them to make the claims about distributions during the MWE fiasco. Made that mistake back when they first announced it and MWE was in the 70's. Sometimes myself included worry way too much about taxes and loose more money then we should.
Since he pays up in Monopoly money it really doesn't matter how much he loses. He takes the bus from the hospital and goes to Toys R Us to pick up some extra cash.
Here's another good example.
An excerpt from the Motley Fool in January 2016.
ConocoPhillips (NYSE:COP) has made a strong commitment to its dividend. That's why CEO Ryan Lance pounded the table on one of the company's recent conference calls stressing that, "The dividend is safe. Let me repeat that. The dividend is safe." The reason the dividend is safe is because the company's "top priority is the dividend" according to CFO Jeff Sheets.
Well today they cut the dividend from 75 to 25 cents per quarter. Glad I got out at 54.65 not that I was that smart but just dumb luck since I wanted to move the money into another stock.
Smartest thing I've seen someone post on this POS. Everyone will keep pumping while in goes down just like LNCO did. Afraid to admit they made a mistake and just take the loss and move on. I watched this on the LNCO board when the pumpers still couldn't admit it even when it went to 20 cents.
The same bull Richard Kinder spouted all the way down from 44 to 11 and change. You are so right they will say anything. The worst part is the cheer leaders here will keep making excuses all the way down why things are going to get better. LOL
As harvy said it's a penny stock right now heading for the pink sheets. I can't believe anyone would even think throwing good money into this stock right now. If you want to lose money take the money go to Vegas and bet on red. The odds of you making money are better doing that.
I go with .50. This reminds me of LNCO. Everyone just waiting for the shoe to drop and hoping this stock comes back. Stop kidding yourself. I rode this pig all the way down also and I'm kicking myself I didn't get out all the way down. The problem is we hate to admit we made a mistake and just take the loss and move on. To again instead of getting out many will say "everything's going to be alright" and then come Monday they will be sitting here with pennies.
The worst part is the pumpers still haven't stopped. They are still here saying buy it for the big bounce back. It will either be on the pink sheets or BK shortly.