I'd agree with the poster who said that many could have sales orders in for a dime. Personally I think it's just a psychological number to reach, but if anything I believe once we get there, the next such number is a quarter, and there is no reason we can't get there.
I know the old wisdom about owning your shares for free, I rarely do it, unless I have need for the money, or believe there is a better place to invest the money. Right now, while I do have other companies that may grow explosively, I'm happy with the balance I have, so I have no reason to sell even a tiny fraction of what I'm holding.
If you believe as I do that by year's end we should be above $1, why would you sell for a dime. If you do hold to a dollar, look at how little you'll need to sell to get back your initial investment. How about when it's $5. My point is, if you believe it will grow dramatically, why sell even a single share.
I don't know when we'll see a dime, a quarter, a dollar, but I believe all that and more are in our future, so as long as I continue to believe that, why should I sell.
If as an investor you want to be certain you take your money out and own the shares for free, if for example you got in at a penny, let the stock move above a dime, then put in a stop loss for 10% of your shared at a dime. When the stock goes above $.20, change the order to 5% of your shares at $.20. When it hits $1 your stop loss would be for 1% of your shares at $1 if no other order previously hit. I really believe that by the time the stock hits a quarter or more you'll no longer worry about owning your stock for free, but perhaps that's just my view of it.
Gary
