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Crystallex International Corp. (USA) |
Too bad you lost a considerable amount -- were you perhaps expecting a
growth stock when you purchased this highly volitile potential-based
stock?
I fully admit, I've lost quite a bit on this stock, but I've gained a
bit more. And the key here is that the potential gain is (in my
opinion) much higher than the potential risk.
I went in with a small portion of my money knowing full-well that I
could lose it all. And unlike some of those following Cramer (not
that I'd accuse you of such a thing) I'm willing to wait more than a
month for this one to pay off.
I'm actually a bit encouraged that somebody who's been bashing the
stock on these boards for a week now has finally sold. As doubters
get washed out, I'll have plenty of opportunities to load up (again
with only a small portion of my available cash as it IS rather
speculative) and once nobody's left willing to sell it'll have nowhere
left to go but up.
That's not to say it's a sure thing. I could certainly lose all my
money here, but I haven't seen any indicators of that in recent news.
Basically this stock is just a volitile play on market psychology
until the permit is either issued or denied and it'll move with gold
and on news with rather impressive regularity.
Now if I could only PREDICT the news... after I made a good bit of
money I'd get hammered by the SEC for insider trading but it'd be fun
while it lasted!