Rawnoc comments on naysayer's "brain dead " advice to sell JBII in the .60s

If I had sold in the .60s because I was promised the .50s, I would be looking for a bridge to jump off of.

Thank goodness I bought in the .60s instead. Even those who bought before the AGM or for the hope of NASDAQ listing or for the tape biz could see themselves at a profit some day soon. But those who sold in the .60s because they were told matter of factly that was their last chance to sell or they'll have to sell in the .50s?

*poof*

Their money is forever gone with no chance of recovery. Except for me. I know that was brain dead advice and instead bought lots more in the .60s, and I'm already at a massive profit by buying the shares of anybody stupid enough to sell them to me.

Imagine when it goes back to $5? Those people break even.

Those who sold in the .60s? Lose 800%+ in opportunity cost.

The beauty about bad long positions and advice is that the most you can lose is 100%.

The real painful thing is bad selling advice. The losses are unlimited. At a mere $2.00, one could have gotten over 200% more money waiting to sell there than in the .60s. OUCH!!! Impossible to lose 200% on the long side.

I'd feel bad if I hadn't been so busy buying the shares of anybody dumb enough to sell them to me.

Thoughts?

Raw