Hey rturve I dont bag stocks or talk them down when I've sold out.
I saw an opportunity this week and took it. If another opportunity comes along again I will take it. It may shoot up to 10 from here and so I may miss out - thats the nature of trading. But a 30-40% return in a few weeks is nothing to sneeze at.
And as to the 40% comment maybe you can explain why the stock moved down from the last high of 6.8 to the latest low of 4.7, because I certainly can't, and certainly nothing fundamental had changed in the stock in the 2-3 weeks it took to do that.
I think this company will be successful in the long term and deliver solid investor value (although I don't know about Russell's billion dollar mcap claim). What I do know is that it will not go up in a straight line and if I choose to trade the lows & highs then thats my right, and it doesn't mean I'm trying to rip off anyone here - if you think the stock is going to drop 40% because I say so then you are kidding yourself. The price will do what it will do.
Cheers, Sharks.
VPC Price at posting:
6.1¢ Sentiment: Buy Disclosure: Not Held
