Sunday, December 27, 2020 6:55:52 PM
About 10 years ago I bought a company at .19 and sold it at .92 in 2 months // had 270,000 shares! Did well!!! But nothing in the business had changed... so I let others influence my decision to sell.
Well I looked it up about a year ago and it sold for 34.00 a share a few years back! lol
As long as the business plan is moving along and you like the mileposts achieved nothing wrong with sitting. Especially if the management is legit... highest priority and not necessarily means the business will succeed. But does help.
I’m 50 now and I’ve been at it for a while... always had an interest in business. In fact when in high school... I had economics class where we did a stock experiment where we played with 100k for a 3 month period and my team placed 3rd in the state...
then did a book report on the autobiography of Lee Iacocca... great story! Helped designed the original Mustang when at Ford and then went on to be CEO of Chrysler.... turned it around!
This is a game of common sense more than anything!
I like this company and haven’t put all my eggs in this basket... so I can look at it more objectively....
Have a nice evening....
Volume precedes price!!!
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