Originally posted by avagadro
For someone who writes so much I am genuinely surprised you did not know about the TWH side of things. You certainly give the impression that you know what you are talking about and I expect a lot of retail believe what you are saying when you write paragraph and paragraph of downramping on this one stock and tell people it's a sell.
I follow other stocks as my main play, not AC8. AC8 was the one I tried to get out and as I struggled so much to get out, so I wrote more about it. You would remember I got in around 1.6 and sold several times trying to get out. I got burnt several times getting out with losses but at least I had the gut to take the losses. Luckily I finally got out with a profit a few weeks ago with that 66% pop. I hope to help retail investors avoid the trouble I got in as I got duped by AusCann's news.
I don't tell people to sell. I just point out the stuff that retail investors should think about and should be rightfully be suspicious about. If one sticks to the common wisdom of investing in speculative stocks and set stop loss order to get out, then I think it's ok to play AC8. Also I think people should have sense to play with cash and play small. This is the message I want to share with retail investors when they play with a fire like this stock.
If any one believes that it's ok to get in at 46c now and get out at $5 in 2-3 years, good luck! Or even one can get out with another 60% pop over the next 1-2 years, good luck to them too. The amount of effort for me to get out of AC8 is not worth it when I could have use all that to play other stocks of more sensible nature and profitability. Only if this stock gets back close to its IPO level, I would be tempted to enter again purely as a speculative play, and only in cash purchase and with very slow accumulation ...
