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Friday, May 27, 2016 1:02:25 PM
I don't know if any of you guys remember $HJOE, but I got in that stock at $.0002 in March of last year. If you look at the chart, this should be a happy story, right? The stock went up to well over $.0050 by June, and I had $2000 invested in it 3 months earlier.
Well...no. Stupid me felt stuck in what seemed like a dying stock and I was worried that I'd lose my $2000 investment because the PPS hovered between $.0001 and $.0002 for what seemed like an eternity. Finally it dipped below $.0001 for a bit because no head-way was being made in the northern direction. Do you know why?
The company, as it turns out, was selling shares at $.0002 to increase their capital to manufacture their product. When I saw that the ask price was not budging, I quickly fled at the first chance I got to sell back at $.0002. About a month later, the PPS shot up and I was miserable. I hadn't lost anything, but I had just lost a comfortable lead in life. That $2000 could have been at least $50000 if I had just waited it out a little longer.
So, the moral of the story is that patience and trust is what you need to succeed in the stock market. I trust that $DNAX is doing what has to be done to get their product onto shelves and I will be here to enjoy the ride when they do.
One side note I'd like to make about $HJOE is that they also maintained a yield sign throughout their highs and lows. It may not be an ideal thing to see on OTC, but it is certainly not the end of the world.
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