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Re: bootsagain post# 6608

Thursday, 03/28/2019 9:21:59 AM

Thursday, March 28, 2019 9:21:59 AM

Post# of 8201
Hi Boots When making money down here in the pinksheets and penny stocks you need to constantly reevaluate your position. If its a loss take the loss, wash gains.. if it is over sold average down, if volume picks up and the company is not diluting might be a good time to add. As soon as you have a profit take some gains.. Let some free shares ride for the long term investments. I too held this back in 2005. I had a loss that i held for a long time but washed some gains between than and now. About last year around .0006 i noticed a spike in volume here and picked up a bunch of shares at .0006 and sold for .0008. had a few shares left over for the run to .009. again sold at .007-.008 and reloaded. I never thought i would turn a profit on $biph but did 13 years later. I learned more about Joe and shells he took over in the last month, the process... I already knew how the shell game worked from $LDS! i was in last year (see history). The trick is learn from your mistakes, dont be afraid to make them. never be afraid to take a short term gain. Yes they are taxed higher but the tax of holding something that runs 200% and drops back to -99% is much worse. In most cases you will be able to wash most of your short term gains with a loss. (just make sure you figure it all out by the end of the year so you can take your losses to wash gains). When you do get a winner put some money in "Safer" investments. A few hundred thousand in a dividend paying stock will make you more money long term than pink sheets with compounded growth. However I believe pinksheets have a place in a portfolio.