Vendor: "TEZZAK, i do sincerely apoligise for the comment i made about your post earlier, i was skimming and totally misread it!!"
Mate, apology accepted, not that it was necessary. Like others have expressed, I appreciate your posts. along with many others. I'm not one of these tossers that gives thumbs down to posters that I disagree with.
You pointed out that I may be "logical" on the one hand, but then backtrack on my logic ... you may be right, but there's a reason ... I'm a gambler as well as an investor ("shock horror" I hear you say!
I don't think ANY stock is a 100% sure thing, but I do my research and I've invested in some, while "gambling" on others. BTU (sorry for cross-posting) was a tip from a stockbroker friend ... I gambled on it in late 2008, only to see it fall from 40c to 2c!
Blind Freddy could see on the charts that BTU was on a steep decline, but I averaged down to 13.9c, sold half of my holdings at $1.30 and I still hold a very substantial amount of them. If I'd listened to the chartists, I may have made a few $$$ on BTU, but nowhere near the motza I made by averaging down.
I can't be 100% sure of ABU's future, but I have enough faith to keep buying at these levels. While I totally understand and respect where you're coming from, it'll only be the passing of time that determines whether I'm employing a "winning" strategy. Good luck to you!
ABU Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held
