Get ready for the next slide...
It's really sad that you 'experienced' and 'seasoned' [investors] do not understand how this works. Oh well, a learning curve is a learning curve - too bad it has to cost you all your hard-earned $$$.
And just imagine how much resistance you all put into learning how to avoid all of this! Amazing what 'laziness' will do to you.
Sorry, basehit, but I don't need to know anything about trading in order to show that you have lost your money because you were pretending to know what you were doing.
It's funny how you don't 'get it'.
LOL!!! Gee, zeleration - if it was 'good' for VRNG Wall Street would be buying it left and right.
Denial is very powerful - it will ensure that you lose 'all' of the money you gambled with.
basehit - Facts are facts... YOU lost your own money, no one else lost it for you. You pretended to know what you were doing and it cost you, dearly. (Pretending has a way of doing that.) Waiting for me to teach you how to make money in the markets will see you become old and wrinkled because I owe you nothing.
Blaming others only makes you look more foolish... much like 'madavid' with his newest 'oliver' ID struggling to convince others that he isn't pretending.
For some reason you all believe that 'pretending' is a good thing.
base - your money is gone... don't blame me. That doesn't work.
Your money is gone because you do not know to buy and sell stocks. You didn't know how several years ago and you haven't learned a thing since. It's your fault, plain and simple. It's called being lazy.
And, I will post to these boards as long as my little 'ole heart desires, thank you very much.
Enjoy your drunken weekend... you've earned it (if you catch my drift).
You're too late - the big payoff already happened a long time back when the stock was over $5.00.
You forgot to get out because you were greedy.
Now, you're just 'stuck' and bleeding without a band-aid.
2.5 million shrs. traded with a drop of some 16%!!!
However, according to some here, this is a good thing!!!!!!!
Well, let's all hope it falls 32% next week - that will be a REALLY good thing!! Right??
base - I wasn't aware that I was required to provide an 'excuse' to post here. Instead of trying to 'make sense' of why perhaps you should be trying to 'make sense' of where your money went!
Gee, you think??? Naaa, maybe not. Clearly my posting is more important.
How do you come up with these ridiculous posts??? I mean you have to really think about this stuff. Perhaps you have a head start on your weekend drinking binge??? Is that it?
Well, there is a comma there after the word 'money' (clear as day) so what you really did was comment on the first 10 words only of the first sentence.
You attempted to take those 10 words out of context in order to make a point and you failed miserably at it. That is what is referred to as having an 'agenda'.
Regarding 'character', I think I have shown here that it is clearly yours that is in question, not mine.
flyer - not true... you've lost money when you can no longer use that money for anything except to wait, wait, wait and wait some more hoping, wishing and praying that a miracle will somehow bring it back to you. It's called 'value' and yours is gone - even slipping more than 17% in just the past 48 hours. That's not investing.
Make no mistake about it, whatever you think of yourself, an 'investor' you are not.
You are part of the 'group' holding shrs. well above $3.00, that's all.
Once again, it's painful... very painful, indeed.
(Now tell us all how you 'averaged-down' so you're ok...)
The truth is very, very painful...
One day, some of you will 'get it' but, sadly, even that is not very likely.
So, you read the entire sentence but only commented on the first 10 words???
I am deeply disappointed in you.
base - been an active trader since the early 90s. These days I trade when I want, life is easy here w/ lots to do. We spend most of our time in the air.
VRNG is not a serious traders stock - never has been, never will be.
There are lots of different types of trading in equities. Being a 'day-trader' is just another hyped buzz word that people latch on to like "DD". Day-traders simply do not keep open positions over-night. I may enter an issue and hold it for several weeks to several months. There are reasons for this. For example, Fund Managers play the monthly game by taking gains into the last week of a month, selling and then re-establishing their positions during the first week of the following month. Once they lock-in a positive % return for the previous month, it goes into their prospectus which, in-turn, is used to draw-in new customers. Institutional Managers re-evaluate their holdings and re-balance if necessary every 90 days on a quarterly basis by doing the same thing. Knowing what's coming and when it's coming is a good thing but it's only the beginning!
BTW: Either way one chooses to describe the type of situation VRNG is in, makes no matter... singular, binary or multiples of one or the other. The result is the same. It's nothing more than the roll of the dice... a gamble at best. The attorney's who make up what is called VRNG are not expecting to become wealthy. For them, it's a job, a paycheck. Nothing more. They are thankful it's a public entity because that aspect offers a little more in the way of paycheck stability. However, if you believe that none of them have their CVs updated and at the ready, you'd be way wrong. They're thankful that the general public (message boards 'longs') exist otherwise they would need to use those CVs!
It's a good thing that people like 'nelsonsnachez' are still buying!!! Attorney's Per-Diem rates these days really add-up!!!
they ALWAYS turn immediately to the 'ole, "Yeah, but I made tons of $$$ on this and that and the other stock..."
Once in denial, always in denial.
nelson - not sure what planet I'm from?? Well, I can tell you I'm from the planet that doesn't depend on what others do - I think for myself and make my own decisions based on what I've learned through education and practical training. You, on the other hand, followed Mark Cuban and it was a bad, bad idea. Now, your money is gone. BTW: maybe you should contact Cuban and ask him to give you your money back since it was his decision, you think?? LOL!!
(P.S. With the bulk of your shrs. being from years ago deducting $3,000 will not ease your pain. You've lost a boat-load. Perhaps you should learn how to think for yourself??)
nelson - you bought because Mark Cuban entered the stock??? Clearly, you cannot read English. Mark Cuban told everyone outright that he bought VRNG as a 'hedge' against his other, heavily-weighted issues such as GOOGLE! He was never hoping VRNG would succeed.
So, knowing this extremely important information, why would you buy VRNG because Mark Cuban did???
(P.S. With the logic you have exhibited here it's very difficult to believe that you have made money from buying and selling any stocks so you likely do not understand that you will not be able to 'write-off' your VRNG losses.)
basehit - you misunderstood... I'm a technical analysis and trade through charts but I don't buy and sell VRNG. I watch the message board, instead. There's no entertainment like it, anywhere!
Your attitude, coupled with an apparent below minimally acceptable I.Q. are a tell-tale sign of a struggling high school student or, perhaps a fry cook...
Which is it? (that was a rhetorical question... meaning that you need not reply - actually, I prefer that you didn't. Besides, 'mdavid', haven't you posted enough today, already???)
[Oh, and you don't get and answer to your question because failed your test.]
Bye-bye, sweetie O-X-O-X-O *s-i-g-h*
(we could have had something wonderful here but you allowed your brain to get in the way.)
Out here, the population is heavily Asian influenced. Asian culture dictates a certain type of approach to business. In the West we consider it to be brash, stern, cold, even corrupt - at all levels from government on down through private industry and into retail. In the West we decided to build a state of capitalism upon a democratic foundation. It works well for us because the two ideologies mesh. In the East, however, you also have a large democratic foundation with a capitalistic state upon it, in some areas. China is new to the game and decided to plant a remodeled capitalistic state on a Communistic foundation. It does not mesh as seamlessly as they had anticipated.
The main reason for this is their very long cultural history for doing things 'their' way. If you lived in China you would see the corruption all around you. Yet, projects are accomplished and money is made. The problems arise when East meets West (ZTE v. VRNG). Courts engaged in International caseloads are very much aware of this and there are no 'slam-dunk' cases just because an Eastern corporation conducts business in a manner differently than those of their Western counterparts.
You may feel that ZTEs conversations are corrupt in the West but you will find a great deal of latitude granted to them in deference to their way of life. Things are never what they seem... always remember this.
And, along that line, it wouldn't surprise me at all to one day soon find that ZTE has now completely (or nearly so) restructured their entire operations outside of Mainland China in an effort to avoid current charges. This is done in every country on the planet - even in the U.S. A Doctor (for example) found guilty of malpractice and gross negligence in the State Alabama who subsequently losses his license will simply relocate to Florida and apply for a license to practice there since there are no violations against him in the Sunshine State.
VRNG has nothing but long hills to climb from here on out...