Dezzy:
Do not ever post on these sites, but have been following your posts and felt like I needed to address your frustrations with this stock since I have been there myself when I first started trading. First, no one on this board can tell you what the PPS of this stock will be in the next few days, months, or years.
What I can tell you is that I did my DD on this stock and I liked what I found in the SEC filings.
Others on this board most likely have much more experience trading than I do, but I can tell you what I have learned in trading over the last forty years.
In my opinion, this stock is a purely speculative trade and will be extremely volatile over the course of the next couple of years. You mentioned that you found this stock in a newsletter. From my experience, traders like to monitor newsletters and go in and out of the trade recommendations. Therefore, you will most likely see short pump ups along the way by momentum traders on any good news if you desire to stay in this stock for the long term. Also, understand that newsletters are sometimes paid to advertise for the company so make sure you do your own DD.
As for how to trade a stock like this I can tell you how I trade and you can decide if this style is for you. First, I bought my shares for a low average cost. In the pump up after the first of the year, I sold half my position for a profit. The rest of my shares are now a free trade. As the stock goes up, I will take profit in a few steps along the way with the rest of my shares. If the stock comes back down to my initial buy level, I will reload on shares. I am really hoping this stock comes back down so I can reload because in my opinion more good things are coming in the next year or so. If not, I will sell the rest of the shares before it goes below my initial purchase cost and move on.
It is entirely up to you, but instead of trying to time the ups and downs, try to take the emotion out of the trade and ride the wave. You are in at a good price and hopefully all of us will be happy at the price we got in a couple of years, or hopefully shorter, down the road.
Bottom line, this stock is a speculative trade and could be a dud in the long run. However, compared to some other stocks in this sector, it may have a better long-term viability.
Best of luck to you.
