Thursday, June 22, 2017 11:50:29 PM
It isn't bothering me because I know that one day it will keep going. Of course, I am not feeling the pain of others because I started buying late 30's and average is mid 40's...probably 46 or 47 cents.
I feel that I am covered no matter what. I could be wrong, but the odds are high that at some point in the near future I will have the option to sell all and make at least a 100 percent profit. If I get lucky, I might make many multiples.
My analysis is that the odds of a permanent loss of capital at this price are close to zero. And since I have followed this stock for almost a decade, reasonably closely, as well, I know that the time to own it is right now. There will come a time when all Hell will break loose to the upside, and the sooner the better, but I will wait it out until it happens. For starters, it would be nice to find a range that is closer to one dollar than 50 cents, but beggars can't be choosers.
I know that if you can handle the "watching paint dry" days like many of the low to mid 40 cent range days are, then you will usually be rewarded with a nice spike at some point. They haven't turned into something bigger yet, but those are real trades at those higher prices, so something big is likely on the horizon.
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