If you have held that long and are still holding for the move up (you must think it is going back up or you would have cut your losses by now), why not add down here at this CHEAP level? It looks to have created a VERY strong base. I see 2 possibilities here, we break the support and the company and all of us are in deep sh*t or (more likely) we start grinding higher, like it has done several times in the past, back to high $2 or even $3.
As I have said many times, I was down big at first and have come back and now have converted a very nice gain into a much larger position share wise which will bring even more profit from here to just $3. Learn the stock, it's PPS moves and have patience getting in( wait for YOUR entry point), patience for it to move higher and then get out at YOUR predetermined point. If it goes higher after you have gotten out, keep watching the chart and news; and again, wait for it to come back to YOUR re-entry point. If it never comes back down, you have to think it over and revise your plan of entry.
Something I learned a while ago, was that constantly thinking this will have a "rocket" "to the moon shot" limits your view of this stock. Invest in this by having a hold fund and a trading fund. Trade the range in order to take profit and add that profit to your hold fund while at the low of the range. Grow that hold fund. That way if the "rocket" shot comes you are good to go for the ride.
I have a total of 8 stocks. 6 are buy and hold (don't watch those often) and 2 others that I watch and research daily. One is EKSO and the other I am still trying to figure out, like I did with EKSO. More than 2 stocks and I feel I can't to PROPER DD.
Also, remember, that along the way, there will be spikes, created by real or imagined good news. Know the difference! Imagined news creates a short term spike, that is your exit point to bank some money for when it comes back to earth, creating your re-entry point. That is where I add to the hold fund and get back into the trade fund. Not looking for that "rocket shot" allows you to see and take advantage of these more frequent small pops.
