fde
Apologies for causing you confusion.
My 'trades' in the stock occurred before the sub 9c. days.
As the stock headed south, along the way experiencing different support levels, I made a calculated decision to put some of my working capital into the stock slightly longer term.
Yes, as I mentioned in my earlier post, I did have the info. that you refer to at hand. I bought back into 'this' stock not because I wanted to delve into philanthropy rather because I felt that I might enjoy a return on my investment based on that info which you yourself have described and which we all have been privy to. And whilst I felt that the stock promised uptrend in the 'future', I at no stage had an expectation of the move being massive as you described.
Also, I have not left the party,yet; and if I did, You could well have the last laugh.
My initial comment in starting the thread was purely a venting of my spleen after assessing what is probably my worst investment in 12 months.
As discussed earlier, both patience and discipline may well be an issue . . . . . . and I will grant you that both are certainly required in the market.
With this particular stock I have been 'patiently' watching the SP folounder and sag, and whilst doing so have been trying to monitor and get a grip on what the company are achieving and how they are achieving it.
Hindsight is great, but I would much prefer a crystal ball. . . . . . based on that and based on the fact that my few investment stocks have outperformed ICP by a considerable amount, I have come to the conclusion that my recent forays into the stock were not necessarily good business decisions. Much better to buy in now at 3.8 than at >9 ???????. . . . company has'nt changed, has made some progress perhaps, but IMHO exudes the feel that there might be a little less 'substance' in it than we all might like to believe.
I guess what I'm saying in all of these words is that I've made more more money more quickly on every other stock that I have dabbled in in the last 12 months, and IMHO this particular one is perhaps worth keeping an eye on (and holding for a brief while if you bought in at 'anywhere near' 9) , however as they say in the classics, "there are bigger and better fish in the sea"
By the way, I didn't say that you should trade in this stock. I said that I saw it more as a trading stock, if given the appropriate circumstances. I am not trading it nowadays . . . . not a lot of opportunities if it is heading in one direction for such a long time(unless I could short it).
A play on words ???????? or do we just have different definitions of trading and investing ???
And the market has not fallen by 70%
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