InvestorsHub Logo
Followers 5
Posts 1178
Boards Moderated 0
Alias Born 07/10/2006

Re: nokiaman528 post# 3510

Wednesday, 08/02/2006 12:11:50 PM

Wednesday, August 02, 2006 12:11:50 PM

Post# of 68381
I had that same dilemma the last couple months, nokiaman, and still do to a lesser extent. I had about 80% of my holdings in IDCN and 20% in FGFC. I ended up selling off IDCN and buying FGFC, only to see them both decline in price. But I reached about an 80/20 the other way now. But FGFC appears to be at its low, with an upward potential of a 500% gain minimum (the company has already released plans to buyback shares for up to a .06/share average price...current price is just .012). With everything that company has going on, I'm considering selling off what I have left here and moving it over.

Sometimes you just have to cut your losses. IDCN has NOTHING going on right now - no news on Abilene (which appears to be a huge loss) and no news on any future investments. I think FGFC will go up long before IDCN has another run comparable to what I expect (IMO, of course) FGFC to do.

It's that constant struggle - where to put your money. Especially for people like us - we don't have millions of dollars (YET!) to spread across 10 to 100 different stocks. We have to pick and choose, mostly breaking that old rule "never put all your eggs in one basket." Me, my bet is on FGFC as the next big one. I missed out on FHAL, but I hope this is the next best thing. A good number of people on IHub are looking to FGFC to break the $1 mark (a monstrous gain from just over a penny). Who knows if it'll happen, but that's the gamble.

Whatever you decide, good luck. For whatever it's worth, that's what I've done.

The Parrot has spoken.