Nice reply.
I believe one of my 12 or so posts last night did mention how erosion is setting in and that timing is everything.
I'm in a hard place right now and it's not easy. I mentioned previously that it can be easy to flinch. I'm learning as I go and good or bad I have a habit of voicing my opinion.
With some of the examples I've given you my point was keeping your eye on the prize. Yes hindsight being 20/20 while I can't speak for anyone else id wager that a ton of longs would have sold high and bought again low had we all known for a fact the action was heading this way. But I didn't.
I don't have a crystal ball. I'm also investing here and not flipping or day trading it. There's risks involved in all facets of the stock market and long term investing has its share but I'm here long term for a reason.
What I see here with this stock is similar to what I see with FEW other penny stocks and the ones I do see with long term promise I either don't know enough about or the price isn't where I wanted to enter at.
In the end you're going to have to decide if the PPS will ever go back up and then decide if you are willing to wait. Your entry point most likely has a lot to do with your doubts. My initial investment was a little over 20G and I've put over 50G more into this at much higher prices. Money I now need because life has a sense of humor.
Regardless I'm not here to advise you with your hard earned money. I'm here to provide my opinions. Plenty of Longs recently bailed because of the price with many willing/wanting to jump back in when it stabilizes.
It's my experience stocks, especially ones in OTC and prior to having products nationwide are nothing but a roller coaster which is why we had so many go as quickly as they came. Many people knew nothing about this stock and traded simply on momentum. Yes there are in fact a lot of traders out there today that trade blindly. This year around March I stepped outside of all reasoning and bought a stock that had hype and turned 2G into 8G in three days time.
So as I've said there's money out there. It's risky and for me I sold everything else I had and went all in here and the company hasn't let me down. I also don't blame the wolf and in fact before this is all said and done may thank him because our name is out there. And when our products are out on shelves many will come back along with new investors. That's how stocks typically move in the OTC.
Just don't understand why the hate for the wolf. If anything he's shown me what this stock can and hopefully one day will organically achieve on our own. I think a lot of people just aren't comfortable investing. Which is odd since that's where a lot of people's retirement is at. I'm here for another year which is a decision I made after my first year and that's how I invest.
Look at NWG$ last year. They had a ton of hype and fell flat and now their hot again. Difference is we are months away from multiple changes some are a month away and others maybe a few but my point is it if it's still under .05 or less within next four months then something would be terribly wrong especially when the fall and winter is when stocks rebound from the summer dips.
Lastly to me this is doing exactly what it did last summer. Different price points but same action.
Stating past performances isn't a good indicator is something that could be said about any stock, job applicant, entertainer, etc...
If u find a stock u like better then follow ur gut and do what's best for you and your money. If u decide to follow momentum stocks and take a risk then good luck. Personally I'm sticking with a company where a lot of people are putting their hard earned and in many cases well respected past performances on the line.
Personally if the PPS bothers you this much then maybe you've not followed the first rule of the stock market (I didn't) which is never invest more than you can afford to lose. Going by that rule the dips shouldn't bother u that much. If you've got your life savings invested then every day would be excruciating and there's definitely safer picks.
Wrapping this up for me I'm invested with enough shares at a price I'm content with and comfortable enough with the companies plans and how close we are to seeing product that I'm ok waiting. If u don't like it then simply sell and keep your eye on this and try your luck and knowledge turning 2G into 8G as I once did. But I'll also say I've lost 11G last year doing the same thing. I've yet to lose money "Investing" because what goes down almost always goes back up and with MINE and how close we are to our launches I'll gladly miss out on the 10G here or there to not mess with my share count and tax eligibility because the majority of my shares are now at the lowest tax amount for capital gains. Hallelujah!!!!
