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Post# of 13692
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Imagineer66

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Imagineer66

Re: jpicker post# 13546

Friday, 09/30/2016 2:07:58 PM

Friday, September 30, 2016 2:07:58 PM

Post# of 13692
Don't ride. Sell at $1.00, buy back at $0.20 or less. Which is my point. Yes, if you had ridden the stock out, it would now be trading at $5ish. OTOH, even selling at $0.55 you could easily have bought back 2-3x times the number of shares for the same dollar investment just a while later.

So, for a $1k investment, riding that $0.55/share gets one back about $9k if the price hits $5. OTOH, Selling at %0.55 and buying back at $0.20 gives one a $25K return.
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