"Damn the torpedoes, Full speed ahead!"
Admiral David Glasgow Farragut (1801-1870). Aboard Hartford, Farragut entered Mobile Bay, Alabama, 5 August 1864, in two columns, with armored monitors leading and a fleet of wooden ships following. When the lead monitor Tecumseh was demolished by a mine, the wooden ship Brooklyn stopped, and the line drifted in confusion toward Fort Morgan. As disaster seemed imminent, Farragut gave the orders embodied by these famous words. He swung his own ship clear and headed across the mines, which failed to explode. The fleet followed and anchored above the forts, which, now isolated, surrendered one by one. The torpedoes to which Farragut and his contemporaries referred would today be described as tethered mines.
American Bulls is not remotely reliable and even they admit the rating on CYPW is tentative. Nevertheless I suspect the Sell will be confirmed and the stock is more likely to retreat in price in the days and weeks ahead.
Some days ago I got an unsolicited request for opinion on CYPW and replied that I expect that prospects were better later in the year or even the the early part of next year based on a start-up cash light, debt heavy, with very significant funding needs and minimal revenue.
I bought today.
I bought last week.
And I sold a small portion of tantalizing prospects that I expect can explode in price shortly.
Am I moron, a blind cultist, a masochist?
- Possibly all three.
Sure hope not.
Unlike some others of the noisy whiners, I had profits on the stock and took them sometime ago for short term gains.
Granted it was all in the nature of penny pitching.
I have watched the usual frustrations of R&D, some missteps, but I know of few companies with greater prospects and a ship with a better crew despite withering psychological obstacles.
I just can't stand by as the train may leave any time.
Hope to be able to buy more tickets for sleeping accommodations later in the year but for now I will wait.
Others should do what they think is best. I am not your investment adviser and will refund nothing at all should you lose.