sentiment changing, page-23

Yes, I lost a few dollars on this stock a while back, but I'm well and truly over being upset about it. I don't need to be upset to be able to see a bad investment. I'm actually glad for the money I lost in CSS, because it taught me a few very strong lessons in what not to do, and I think I've made many times what I lost through what I learned from the experience, so I see it as a positive for myself anyway. I've made money on similarly foolish trades, just by luck, and that doesn't make me like those companies any more than CSS.

This is an incredibly high risk stock, I agree, but I don't see where the high reward bit comes in. The economics aren't that good, even if it all goes well, which it most likely won't anyway. Even if they manage to raise the tuna they'll quite likely be operating at a loss, and my outlook for the long term viability for the project is even worse (when the ocean runs low on fish, it's going to be even more expensive to feed the tuna). Even ignoring the economics, look at how incredibly dishonest the directors are! They're bleeding shareholders dry and laughing about it.

CSS isn't the only company I've lost money on, and in some cases I still like the directors who were running the shows at the time, and still think the companies might be good investments. In some cases I've lost money and then gone back in later anyway. I speak negatively about CSS because the economics don't look any good, the directors have hideous track records, basically, the whole thing looks crap.

I do think you could probably make money on this stock by trading at the right times of the year though. Buying shortly before the spawn this year and selling out a few days ago would have been an obvious example. I think you'd be mad to hold long or even medium term though.

A big part of the reason I still watch CSS is to continue watching such a crap company and continue seeing that people are willing to buy into them. It serves as a reminder to me to be wary of bad decisions. It's a lot cheaper than making more mistakes of my own!

If you have only taken profit in a company while it has been smashed from $2 or whatever it was back then down to about 10c, you're either lying or you're one incredibly, unbelievably good trader. You're also clearly not at all in it for the long term, just quick trades in and out, 'cause this baby hasn't had a pretty trend over that period.