SS1, thanks for your reply; I did a couple flips when I first became aware of this company, but only when I was still oblivious to its potential. I flipped even smaller amounts than you and did OK-- I came out with about a 25% gain on both.
My first position ended just before the CC. I decided to close simply because of me having seen so many more crashes on CC's then gains with different companies in the past. I listened to the CC and watched the result. I re-entered at some point and closed again. I picked up another position, and had intended to close it until I saw the CEO's monster position and saw he was adding to it. At that point I went back and really LOOKED at the transcript. That's when it hit me. Since then I've only been accumulating.
I can understand the fear of which you speak. There are two intentions at play; the first being the desire of a larger position and the second being fear of missing the boat. Flipping in and out of a stock with not very much potential is akin to walking on a 2x4 that's laying on the ground in your back yard. But add to that the potential of this company, compounded with "not knowing exactly when this baby will take off" and all of a sudden that 2x4 you're walking becomes a 3rd story top plate of a newly framed wall in a building under construction on a windy day without a harness!
But there will always be dips, they may be in higher ranges, but that's the only way the MM's can make their coin, through price fluctuations. But once we make our coin, the idea of missing the next play won't be quite so fearful. And you and me both will be able to trade in and out with ease.
Have a great day, go MINE
