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Re: mugur post# 9050

Wednesday, 05/17/2006 1:09:40 PM

Wednesday, May 17, 2006 1:09:40 PM

Post# of 162819
Definitely well said. I made the mistake of not having an exit strategy or pps exit trigger when I bought in, and before I knew it I was way in the red when I could've sold out for small profit or break even and then buy back in now at lower price. I'm in the red by about 50% now with avg pps buy-in of .0065 :(

At this point, I think a lot of us longs are going to be very tempted to sell out when RSHN hit break even or a little higher than break even as I know a lot of us have avg pps of .0050 to .0070 so it's going to be that much harder for RSHN to break out unless it does so in a very short time because we've been dragged through the mud for so long now (over a month since we hit $0.01). Psychologically, I think when someone/anyone invests in a penny stock they should treat it like they're going to Vegas and planning to lose the money that way if they do, no harm no foul, and if it doubles, triples, etc then... awesome. I have waaaaaaaay too much of my portfolio in RSHN - 15% - this should be more like less than 5% or less than 3%. I originally had a strong position in HANS (bought in at 90/share) and sold out to fund my RSHN position... last I checked HANS was $190/share :(