Too soon for giving me credit jshpst. I am still in red and down and dirty in the field watching the CEO and hoping that he will soon unleashes his offensive campaign. I am glad to hear you are not losing sleep over this loss. I never do either and don't even look back. I always accept the risk before entering a trade and prepared to lose the money put at risk. Actually, in my opinion real estate is the best long term investment at this time since this bull market will run its course. I usually make money regardless of whether we have a bull or a bear market , but I also began shifting some capital to real estate by joining a local real estate investment group. I hope your investment multiplies and gives you trouble going to sleep:) Good luck.
Work three years? I thought you got in below $1.00. You must had a large holding. Sorry to hear you have lost so much.
I am glad for you. I should have also got into GERN but I stayed with Chinese stocks I already held and so far most of them have done poorly.
pahad, where is your sense of loyalty to OINK and black porcine? You have now become a GERN lover?
I agree with your observations. But I have averaged down. So if it goes up towards $4.00 I will make a good chunk of money.
I remember very well, but I thought you got back in since you kept posting afterward. I guess I am the only one left :)
It is over $0.58 now and I am in green for all of the shares and every block I have bought in this round of accumulation after selling my previous holding for a tax loss. But I think only an explosive news will cause a short squeeze which I don't think it is forthcoming soon. For now a higher bid for PT or new player will give us a nice lift.
I know they have affirmed the earnings and most likely they will deliver. montecker is talking about hypothetical bad scenarios to explain the crash. You must look at all possibilities.
I don't really see the possibility for another restatement. The trading behavior is most likely because of the two reasons I have indicated. They are both bad on very short term basis but very good for anyone buying at this price range and waiting several month.
No they are not done yet. So far 208 trades today with many at 100 shares increment at $1.30 and not recorded as volume.
Another restatement is a real negative, but missing the earnings so long as they show nice profits is not scary.
I got 132,900 shares after adding at $1.06 and $1.02 yesterday. After the restatement and the price crash I was not planning to add any more but it got so cheap I could not resist adding.
I think some shorts covered this week, but there is still lots of shorts out there. Right now the CEO is in the defensive mood but once he begins his offensive campaign we could see a short squeeze. Of course, shorts can cover gradually between now and then.
puzzle4free, thanks for addressing my post. I respect your opinion but you and I have very different perspectives concerning the company management and why the stock has performed so poorly for a protracted period. I see it as an outright management failure with a great deal of skepticism about their declared intentions. For me the glass is neither half full nor half empty, but nearly empty and the price and history speak on my behalf. If you wish to further address this issue I appreciate starting a new thread.
December is just around the corner. Why do you expect $4.40? Not that I would complain but that is almost double the current price.