LQMTE

[jiesen]

I'd like to start a thread to discuss LQMTE. I just sold out of it today, as it's being delisted tomorrow.

My opinion- losing money sucks. Mr. Market rules.

[Websman]

Re: LQMTE

I'd like to start a thread to discuss LQMTE. I just sold out of it today, as it's being delisted tomorrow.

My opinion- losing money sucks. Mr. Market rules.

ouch... sorry Jiensen. Hang in there, you'll make a comeback

[jiesen]

yeah

I know I will, with a little help from $$MM.
LQMTE wasn't a big hit for me though- I took a pretty small position in it. My biggest stake is still XING.

My LQMTE history- bought in at 3.2, doubled up at 1.0, sold out at 0.8 today. Pretty dismal, but I've had worse...

Fortunately, every one of my $$MM trades have made me money.

[evilarya]

Hey when did you get into XING. Im thinking about getting in at around 9.20 or if it goes lower around the 7 range.

[evilarya]

Hey when did you get into XING. Im thinking about getting in at around 9.20 or if it goes lower around the 7 range.

[jiesen]

XING

I got in at around 3 in 2001. I've added many times since, and tried to swing trade, but seem to lose every time I try that. So I'm basically just holding on to what I have now- probably averaged up to around 8 total cost basis.

Would definitely have been much better off just hanging on to my original position. But I think now is still a very good time to get in.

[IIC]

Please don't ever buy a stock with an "E" as a 5th letter symbol...it means:

Delinquent in required SEC filings

Here is a list of 5th letter identifiers:

A
Class A

B
Class B

D
New

E
Delinquent in required SEC filings

F
Foreign securities, except ADRs

G, H, & I
Additional warrants or preferreds

J
Voting

K
Nonvoting

L
Miscellaneous situations, such as stubs, depositary receipts, second units, or additional warrants or preferred

M
Fourth preferred, same company

N
Third preferred, same company

O
Second preferred, same company

P
First preferred issue

Q
Bankruptcy - involved in bankruptcy proceedings

R
Rights

S
Shares of beneficial interest

U
Units

V
When-issued and when-distributed

W
Warrants

Y
ADR (American Depositary Receipts)


Z
Miscellaneous situations, such as stubs, depositary receipts, limited partnership units, or additional warrants or units

[Websman]

Great info!

Thanks ICC

[IIC]

Great info!

Thanks ICC

No prob Webs...BTW...it's IIC...not ICC

[jiesen]

good advice

but it's sort of like saying 'don't ever buy a stock at it's 52 week low.'

it's definitely a sign of trouble, and it's not a smart thing for most to do, but there is money to be made buying troubled companies on the cheap- just ask WEB.

btw, I put my first stake in LQMT the day before they were supposed to have released earnings- just before they announced that they'd be late- so I was not expecting to be getting an 'E' stock... oh well, you spend your money, you take your chances.

and while I'm not in 100% agreement with the 'never buy an "E" stock' (I did buy some XING while it was XINGE last year) policy, I will pretty much agree that when it becomes "PK" it's time to sell- and that's why I did.

anyway, don't listen to me unless you want to know how to make good money go bad. I'm still waaaay behind on the learning curve in this business.

[Websman]

IIC not ICC...got it.

I'm slightly mentally handicapped.

[IIC]

Re: good advice

but it's sort of like saying 'don't ever buy a stock at it's 52 week low.'

it's definitely a sign of trouble, and it's not a smart thing for most to do, but there is money to be made buying troubled companies on the cheap- just ask WEB.

btw, I put my first stake in LQMT the day before they were supposed to have released earnings- just before they announced that they'd be late- so I was not expecting to be getting an 'E' stock... oh well, you spend your money, you take your chances.

and while I'm not in 100% agreement with the 'never buy an "E" stock' (I did buy some XING while it was XINGE last year) policy, I will pretty much agree that when it becomes "PK" it's time to sell- and that's why I did.

anyway, don't listen to me unless you want to know how to make good money go bad. I'm still waaaay behind on the learning curve in this business.

Don't get me wrong...there's money to be made on E's and Q's ...but it is not for the average investor...If you know what you are doing you can make out like a bandit...but if you don't, you can get left behind like all those poor souls who got wiped out on Kmart...just to see Joe/Jane New Investor get rich...