Blockman, Yes I am hooked!!! LOL (after making my 1st 10 timeser) I agree , with penny's you should not invest more than you can lose. With larger stocks, once it drops 10% or so depending on the individual stock, I am out.
I trade both short term, and long term. With SVMI I see the potential, so I am only going to sell 1/2 of my shares (or less), and hold on to the other half (or more). If I hold on to 60,000 shares, and the company is successful, I should end up with enough money to make me happy.
When they annouce their 1st large contract,and send the product out, I would be surprised if it dosn't go to at least .25 cents a share. If I sold 60,000 shares at .25 cents, thats $15,000 from a $1,500 investment (10X), and I still have 60,000 shares left if they become as successful as I think they can. I like pulling my money back out with at least a 10% profit as fast as I can when possible, and the remaining shares are free. But you also said if it jumped 10 fold or more you would take some shares off the table.
Thanks again for your information on your visit to SVMI. I would love to hear some more about it.
