Well, glad you've had better success. I am not short term oriented, but after dropping 5% in a couple days, I didn't want to lose more. I got into NOV at his suggestion a couple years ago, and yes I bought in increments on the way down. A year later I had over 50k loss. I got out didn't want to lose more, and it did go down a lot more after I got out. but 2 years later its about back to even. So, what would you have done? Stay long and watch your loss go from 50K to 60K? 70K? 80K? or hold and hope it turns around? how the heck do you know?
it appeared at first it was just the single startup person messing around with an idea in his garage. Then he was able to go public and issue millions of shares. I don't know what he got from the IPO. But now it appears that he has science and engineering students at two major universities developing this for him in the R&D labs. When they hit the so called magic 1.5v, and lower the cost, what happens? surely the university gets credit and reimbursed somehow!
that's what i'm talking about, how would we know if they are recallable or not? with them being a public corporation, this info is public, but I don't know how to find their article of incorporation. I'll try googling and see what I can find.
You would think, after reading the latest story about the university of Iowa coming up with the low cost means process to make the solar cell, and the other stories that we have read, that HYSR is about to come out with a workable process that can change the world of renewable energy. You would also think some large company would buy them and their technology, now before someone else does. But what happens then? I have seen when a penny stock company gets bought up, the common shares are worthless, only holders of the preferred shares are paid. Have you seen the same? Also, this thing is now valued at over 11 1/2 million dollars!! Yes, 11.5 mil, (495,000,000 shares x $.0245/sh) and they make nothing! To jump to a measley $1/share would put this thing valued at 495 mil, or just under half a billion! Some people are posting about waking up to see this at $200?? That would put this company valued at over 100 billion dollars. So the $200/share aint happening. I'm wondering about the $1, again thats about 500 million. GE or some other big company could develop this product for a lot lower than that. Plus, if this does get bought out, what assurance do we have that common shares do not become worthless and only preferred get the increase?
Listening to Cramer again? I just don't understand...almost everyone calling in on his show says "Cramer! we love you! You have really helped us we watch your show all the time..." Heck, I've bought some of his recommendations when he said to, NOV, BAC, several others and now KR. I have lost big time on ALL OF THEM. Its called the cramer curse. I will never buy any recommendations he makes again. He should tell the truth, what HE really thinks is going to happen with the market, the u.s. economy, etc. But then I guess he wouldn't have a job then. I got in KR at 71. I aint gonna ride it down to the 50's. I hope it opens up even or slightly up tomorrow, and I will set a stop loss of 10 cents immediately.