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Message: Re: Complainers
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Nov 25, 2010 09:59AM
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Nov 25, 2010 03:20PM
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Nov 25, 2010 03:26PM
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Nov 25, 2010 04:24PM
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Nov 25, 2010 04:55PM
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Nov 25, 2010 07:45PM

Funny, people take great offence on this forum to "complainers" but no one ever seems to take offence to "pumpers". You know the ones that get excited on the rare day we are up a penny, the day when gold sets new highs (even though we don't), the ones that have a "feeling" this is the week for the news, etc, etc.

Everyone is entitled to their opinion, and I believe that those complaining about "complainers" are the ones that are HEAVY invested, and making themselves feel more secure by discounting the thoughts of others that don't share the same "sky is the limit" vision they have. Some people claim it was a BUYING opportunity today, well maybe it was, but I have been hearing on this forum what great buys it is since .80 regularly all the way down to where we are now. I guess time will tell. If it is .50 next week, it was a good buy, if it is .35 next week - maybe not.

Having said all of that, here are my thoughts - I must warn you I may be labelled a "complainer", I prefer to be called a realist though. If you don't like my opinion hit your BACK BUTTON NOW. Please don't waste your time (or mine) telling me how I am not entitled to my opinion, I should sell my shares, blah, blah, blah.

-I have been involved with this company as an owner of stock for over a year now. Having gotten in on the .18 cent days. However after the .98+ to now crash I did set realistic stop losses (.79, .74, .69, etc) as it dropped and sold off large portions. I since rebought in and around the .50 - .60 area and hold a sizeable chunk of my portfolio in this stock. However much like the .98 days, I have stop losses set in the event that maybe the SUPER predictions we all have don't come to pass. I am willing to take a loss on this stock, but I am certainly not going to ride it back down to .18 and scratch my head and wonder where I went wrong.

-Is it me or does it seem odd to anyone else that volume was 8 - 10 x the normal low volume we have been experiencing as of lately? Almost a million shares traded today, and we have set new recent lows. The share price got almost to .41 today (close to my stop loss I might add). Why the sudden surge to sell off, especially on what is typically a low volume day in the markets with the US Thanksgiving and all.

-Does it seem odd that our "regular" updates really have not been that regular? Am I the only one thinking that maybe the "sky is NOT the limit here" and someone is trying to figure out how to put the best "spin" on things to somewhat maintain the share price without panic selling?

Don't get me wrong, I REALLY REALLY REALLY do hope there is something GREAT here, and that things turn around (albeit sooner than later), but I am going to be honest and tell you I am a realist, and not going to the cleaners with this stock (or any other stock) for that matter, should things not turn out the way we hope.

I can give you (2) other personal examples of where I owned other stocks over the years that were the NEXT BIG thing, and it never came to be. One was a company that holds 30 biotechnology patents and they cloned Molly & Dolly the sheep. Bought in at near the ground level of .15 and watched it soar and double. Most recently sold it for a tax loss at .04 after a couple years of holding. Would have figured it was the up and coming for sure, still do, maybe with new management, what not. Another company did "spray foam" for packaging and it looked like Walmart was going to use their stuff, never came to be - someone else ended up stealing the patent or something I dunno. Point is - got in like .30 and sold it for about the finest outhouse wallpaper can buy.

The main point I make as a "semi-experienced" investor by way of the lessons I have learned is this -- don't fall in love with any stock. Frank and Sasha might be the nicest people you have ever met, but at the end of the day they are not going to sit there and tell you anything "bad" about the stock (if there was actually anything bad, maybe there isn't). And NEVER put all your eggs in one basket, I am glad I didn't do that with the (2) stocks I mentioned earlier, nor with this one. Lastly, set a price that you are comfortable walking away from this (maybe even in chunks) from. Eg: When it was .98, I knew if it hit .79, .74, .69, etc I was ok selling and locking in some profits.

People have mentioned that this is a LONG way out from production, maybe that is true, maybe that is one of the issues - EVERYONE has to do what they are comfortable with for their investing style. I just hate to see anyone lose their house, car, line of credit, whatever - by risking everything on a developmental company.

Take my 2 cents for what it is worth, exactly that 2 cents - and give it some thought on what works best for you, and what you are comfortable with. Obviously someone who attended the site and "SAW GOLD" may be more comfortable that me, who has only corresponded briefly with Frank & Sasha.

Best of luck to you all in your endeavours, and hopefully you didn't find my too complaining, but more REALISTIC.

Madstal - from the MailRoom.


Nov 25, 2010 10:37PM
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