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Re: None

Friday, 09/07/2007 3:34:07 PM

Friday, September 07, 2007 3:34:07 PM

Post# of 246969
I'm sure many of the less experienced traders here, including myself, are finding themselves in a bit of a crossroads with regard to selling or holding. So, maybe I can contribute. Patience and perspective are going to be key here. Having said that, if your mortgage payment is late and you're out of dough: well, you probably have your answer and no amount of patience and perspective will change the fact that you need the cash now. But, even in that scenario, common sense and reasonable perspective dictate that you ought to sell only what you need to sell. Why? Well, isn't that obvious? Here's where the perspective comes in. My Scottrade account value for this stock on August 31st (only one short week ago) was $13,699. It's currently at $41,060 (with 19,444 shares less than last week). Now, I don't know about you, but, to me, that's pretty damned extraordinary. Now, I just need to exercise patience and perspective. I would like to sell, probably about 20% of my position, just to satisfy myself that I have something to actually show for this stock - regardless of eventualities. Now, some have suggested that those who are selling at these prices are "greedy, or not team players". Pure nonsense. It's your money, and, further more, selling a modest percentage now is being prudent. Being greedy is demanding more, which may never come. Having said that, there seems to be mounting evidence that this stock is destined for greatness far beyond its current paltry 4.5 cents. It woud seem that even 10 cents will seem a little quaint in a few weeks or months. But don't let yourselves be bullied. And don't be a complete buffoon by dumping your entire position now when it's so damn likely that this stock will go much, much higher. Remember, still no news and look at the interest. Phenomenal. Now, some basher or simpleton was trying to get some traction with the notion that news often sends the price downward. That may be. But to honestly suggest that's going to happen here is truly ridiculous. Why, because the PPS is so incredibly low, that it can only continue moving north -- even with very modest news. Good luck. Stay calm. Make judicious moves.