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Monday, August 22, 2016 7:37:46 AM
I've written this before (in 2012), but here ya go:
I got into this stock because of the Apple possibility, putting in so much money that I had to sit my wife down and tell her of the plan and basically ask her to sign off on a highly risky gamble on a penny stock. That first purchase was at .28, and I was a "long" - was not going to sell. That was our plan. But then the words "aluminum" were uttered by Tim Cook in the next rollout event, and I punched the sell button mid-rollout - maybe even mid-sentence - because my heart sank. It was an emotional sell, but boy am I glad I did. Sold all at a loss at .26.
I would later by back in at .138 before selling a portion to recover my losses at .19. I held the remainder for a long time - half the monetary risk of the initial investment but with 30% more shares than I had at .28.
Two main reasons I didn't just sit like an idiot and hope and pray with that pile of money in at .28 in 2012: It honestly was making me uncomfortable to have that much money in a single penny. And over time, it became clear to me that Steipp either cannot communicate or purposely misleads investors. I don't like either scenario.
So, I've bought in a few more times when I think things make sense. I've done DD, read words carefully, and been skeptical, always. When dealing with money given to other people, it pays to be skeptical.
I don't day trade; I have a full-time job and family, so there is no time. But I watch carefully. I'll be back in this at some point ... and I sure missed a good run on the Li deal, but I made 33 pct ahead of it this year on a pile, so that's nothing to complain about.
I know you've been in and out of the stock, too, so I guess that makes us equal as "traders" -- LMAO.
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