and more realisitic than most. I am in on his for only 60k shares about a grand investment at the time. I have not sold a share as this is just house money from other investments. I am not averaging down on this either, just siting tight. I called their office from the phone number provide on the Yahoo profile page and they did let me know that this recent news was coming. The gentlemen I spoke to seemed fairly timid, but still articulate enough to say they feel strongly that they have the strongest business model in the sector. His final statement was hang in there---benign, but I sensed a wink wink as best he could. I look at the heights this stock had compared to others in the index and if this only reaches 10% of it's heights that is still a fantasitc profit. I won't get into the x's and o's as simple due dilligence , checking their websites, news releases, etc. tell you all you need to know. But, do you think the beatdown here creates a more permanent trauma that will be hard to recover from or, if life is cyclical, will this puppy come back to life again as the prospects of the business haven't changed in spite of the stock action. I am hoping the weak hands have fled and that who ever is in this is hear to stay as opposed to dumping on the first dead cat bounce. Just looking for a warm fuzzy here, if there is one.
Read your post moron--it clearly indicates that you did consider selling and now with your "oh boy I am glad I didn't " sound like you knew what you were doing all along---and you didn't---just roll the dice and hope.
Me on the other hand, I rode this puppy down and guess what dude---I will make money on this and cash out with a pretty good profit. Geez, do the math, rode it down from .30, buy low and sell high. I still think Nelson is a scam artist, but I'll make money on this in spite of that and thanks to all those longs that sold me your shares. Man I am good:)
I am sitting on 60k shares that cost me a grand, now down to $500 and I don't plan to sell until I 10x my original investment. Losing a grand to roll the dice and make a ton is what I would have spent in vegas.
or TRTC.....pretty weak one there folks. This issue is the land sale, nothing more nothing less.
If this deal goes through you'll see a nickel here .
exiting and going somewhere else...maybe ATTBF or some company like that. It's not a good sign when people are dumping 300k shares without placing a limit order---market order only. Now that's desperate.
This is flipping a coin....could end up green, or everyday reach lower lows until the land deal and by then the stock will never ever recover. A double from .001 means nothing at this point to most holders.
just to get out. I wonder if there are truly weak hands that have had enough or if somebody with millions of shares knows something we don't.
following the rule of buying low and banking on this Arizona land deal (albiet nervous) I just went long on MCDN. I actually sold 30k shares right before closing as it popped at the end. I am sitting tight with only 60k shares on MCDN and planning on walking away for two years. Their previous high was 4 bucks and even if they got to half of that---you can do the math big money. The key is to let the bids build naturally as the week hands run away. There was a limit order for .105 for 300k share sale that the seller sold with a market order at .10--not sure what he purchased this at, but my bet is closer to .13 and panic set in. Somebody scooped those up and now there are big bids at .20. I think this stock realistically (MDCN) will see a nickel for sure---atttbf I don't think will see those types of gains with this lawsuit hanging. If MDCN hits at buck someday---you're talking about big money and I believe their vertical integration will lead to big things.
I finally bit the bullet and cashed in on this rise to buy on the major drop on the other. I am now up to 250k shares on MDCN and will dump half my position at .05. The lawsuit will kill this stock...watch and learn.
MDCN's only potential drawback is another delay on the land deal which is far more favorable going forward that ATTBF winning their lawsuit.
but decided on this puppy...guess we'll just sit tight for now. ATTBF is doing all the right things at this time, but a lawsuit is pending that could cripple them.
but can't average down---do you hold or sell in your opinion?