Lexington Biosciences Inc. (LXGTF)

[Sabretooth0071]

mluzer14 and jamie,

The only reason I could buy more of LEX is because I sold other stocks.

But there is an important point to remember, which I have mentioned previously.

If you don't keep your stock for at least a year from each buy, you will pay 19% Capital Gains Tax !!!! That may not seem much as a percentage, but to make it easier round it up to 20 % then convert it to a fraction and you have 1/5 of your sales price, which you have to pay Uncle Sam, not including fees. (Meaning depending on your broker fees you will get less than 80 cent out every Dollar). And if you had say 20000 shares that's a loss of 4000 shares !!! And remember it doesn't mean you will sell all 20000 at one time, Unlike a penny stock the increase to Dollars will mean less large buyers. So it could conceivably take up to 10 different trades for you to sell with each sale charging a broker fee.
Everyone would like the share price to go up, and it will but if you sell as soon as it rises you could end up loosing what you thought was a gain. Its a good product and it will take a while to be absorbed by the medical profession, but in the end it will be an everyday device with endless end users around the world.
Holding long may sound to be wrong but overall it will reward you which could help you pay for the little ones college !!!

Good Luck Ladies have a Great Day.