A little advice on those who want to lock some profit...... chatter from the other board...
First off, if you really need the money for an emergency by all means sell what you need. That is understandable. If you are selling trying to play the timing game in and out so you can get more shares...good luck with that agenda.
I am not going to brag or lie. I will ask you this and then tell you this. How many stocks have you ever bought for sub 5 or sub 3 and rode to the 30's,40's,50's and beyond in your lifetime?
Me? probably less than 10 different stocks. How did I do it? I held. Plain and simple. Is it hard? Yes. Why? because you see the instant profit. So what? Well it plays hard on you seeing 10's of thousands or 100's of thousands in profit and you want to lock it in really bad. It is tougher to see those gains in your account every morning. It is so close to being yours but it isn't until you sell.
Would you like to make a few hundred K. A million? How do you think you will achieve that if you have a really good stock? By selling and trading your way to a massive amount of gains getting the timing perfect each time?
What percentage of tax will you pay on that earned income as it is combined with your earned income from work and lumped together? 25%,35% 39%...... Do you know how to pay less by holding for 12 months and only paying a flat rate which is the lowest of the others?
Now, if you are still planning on selling I can help you out free. Wait for the free ride through 2.09 area if you must. You are too close to a 52 week high which could and should be broken over the next few trading sessions.
I am "Not" trading TMDI shares. Stated it many times. I want my potential gains to come all at once. So, like many others here on IV board...I/we can wait it out as long as it takes. I told HC from Ihub board when he was trading shares, stop what you are doing right now and write down on a piece of paper and magnet it to your refrigerator so you see it each day the number of shares you currently own. Why? Because if you trade in and out you will NEVER have that high of amount of shares come BO time. You might of made cash along the way...But you will own less shares and you can look back morning of buyout announcement and multiply what you owned on your frig by the buyout price. I promise you it will make you sick to see how you blew a really good deal by trying your trading skills along the way,......
It just never works out and I do not care how good you think you are. Nothing beats holding. And many of you have a decade or 1/2 a decade under your belt holding TMDI...... You will be paid nicely at the end.
Copied and pasted a comment from another board. Great advice regarding paying taxes. Great advice on holding shares. The difficulty is this poster has been involved with several buyouts and I suspect is sitting comfortably in his position knowing he has made 20 to 30 times on his investment with buyouts on several occasions. He even admits it. It is extremely difficult to listen to this advice when you have lost on paper 75 per cent of 80 percent of your investment after a board scrapped a multi arm platform, misled investors and destroyed some investors lives. I understand this poster's position and his advice make sense. It is just difficult to listen to. I do believe he is correct though.
Like saying with a gun pointed to your head "It is okay, the gun isn't loaded. I took the bullets out. You do not have to worry. Just pull the trigger. Everything is going to be okay."
