Non-stockbrokers apply this term (Getting buried) to being overwhelmed with work or chores. Stockbrokers mean something entirely different, say for instance our current position in Open Energy Corp. (OEGY on the OTC Bulletin Board).
We started buying at 72 cents and now own way too many shares (all of our hot tip money is tied up) at an average cost of just over 66 cents. The stock closed Friday at 59 cents. Yikes!
This is not good, incidentally. The stock is down, we're losing money, and--worst of all--we can't play anymore hot tips until we get out of this position. Boring! What the heck am I going to write about every week?
I called our OEGY Hot Tipster last night, asked him what was going on.
"Not much," he said. "But there's news coming."
"That's what you said two weeks ago."
"It's still true. News is coming. Don't give up."
Okay, we're sticking with OEGY another week. But I am losing patience. And these worms are starting to bite!