$Money Bags$
14 years ago
I try to give my opinion, even sometimes when it hurts me, whether I'm wrong or right. When I first started trading I hit a lotto on my first pink and made over $14k. After that I squandered over half that on every lotto that existed at the time. Watching that money disappear was very hard to digest. I am a lot more cautious and never gamble what I can't afford to lose. There is good money to be made in the market, but setting rules for yourself and abiding by them is tough, but usually saves/earns you money in the end.
I have a bunch of EGLE at around 4.05. They report Wed. I am banking on them recovering later this year when they are done using equity to buy new ships. Wed will give a sneak peak as to whether the receivership of one of their customers was over stated by the market, or due.
$Money Bags$
14 years ago
Hey HC, as for LLEG. I bought a bunch at .0003 back in the day and still flip about half a mil shares. It has been very, very good to me. I think the biomass industry is on the up and up honestly. The reason and the only reason is that it can cogenerate. The wood chips burn to boil water to steam and turn turbines. The excess heat and steam can be used for other things locally and the ash is used in various things too. Although it has been slow going with deadlines being missed almost every time he mentions them, it is moving forward and has been moving forward out of practically nothing. I'd say quite a bit is riding on the approval/disapproval of the PPA which will likely come this week. IMO. I currently hold 4m shares of it and wish I had the balls to go all in, but the reality in the pinks is 99% will bleed you dry. I've invested most of my profits in big board stocks for flipping and have done very well over the last few years.
As for our Socu, when I talked to management, the pres said he didn't care who invested in the stock, they had no plans to bolster the stock until the drilling is done and they are pumping oil. I kept pressing and told him I immediately wanted to come check out the KY property. He told me to keep in touch and that he'd send an open invitation to all investors once the drilling is done. I'm gonna keep pressing.
My SPTN took a bath today, I got greedy and didn't take profits Friday on its run up. I decided to buy 200 more at 14.92 today. Full court press.lol