Friday, January 19, 2018 9:33:05 PM
Another reason why I sold - that small investment wasn't going to make me very rich. But figured, no news since July 2017 - likely will come back down so I can repeat it. Maybe right? Maybe wrong! Pink sheet stocks are all a gamble! Well worth the excitement versus $100 stocks that have to go to $200 just to double your money. I own about 18 of them (pink sheet stocks) now. Sometimes taking $300 - $400 per trade makes up for the few that commit 'legal' highway robbery - by doing a reverse stock split that is a killer to small investors.
Then there are those I hang onto and make $1800 - $2500 on. Usually that happens when I set an Auto sell and walk away from them. The temptation to sell EARLY while sitting and watching is much too high.
I just didn't think LGBS was that one worth 'hanging on' to with its news blackout and lack of financials reporting.
It WAS very hard for me to gauge what the 'hype' about this stock was. An OTC STOP (lousy reporting of financials), and no news since July 2017.
That's my system. Wish I would have bought $300 worth of LGBS instead of $100 worth this time..
“Too many people are thinking security instead of opportunity. They seem more afraid of life than death.” – James F. Byrnes
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