SDVI.. I remember that one of my winning Pennies (Nastech Pharmaceuticals,) 25-30 years ago took about 10 years before its peak PPS level at over $23.00! I bought in at .18 cents, and sold out at about 20+ cents!
Of all the Penny Stocks I had, Nasd or whatever the symbol was, had just the amount of money I needed, so I picked that one to sell! The others bombed out and Nastech kept climbing to over that $23.00 level! That's the way it goes sometimes, as Penny Stocks are usually the expendable ones, and we either sell them out of frustration, or are the first to go when a financial crisis occurs! The point is that there are winners out there, and you will never know the absolute value they have if you sell out early?
So for myself at least, I will get in as Early as possible, then hold tightly to stocks like SDVI or GER- ---, as each high flyer shows symptoms of success early on, especially the energy expended and the ease of which they can receive funding, among other things! Each Penny Stock will undergo many Downs and just a few ups as they move along slowly for a number of years! But then they hit upon something that triggers the imagination of the Public, then zoom it goes!!
So we must choose the sector wisely, then accept the fact that you can lose every dime, and just have faith in the management! For sdvi and one other stock, I will hold until they either retire from old age, or make a success of themselves! With my austere spending habits, I am able to hold on, and for those who have debt, there may be no choice but to fold up the tent and miss a good opportunity! I won't let that happen to me anymore! At least I know where I am at financially, and I have no one to support, so I am able to hold for the duration! GLTA..
