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Re: Lawrence 147 post# 8906

Friday, 09/19/2008 2:40:26 PM

Friday, September 19, 2008 2:40:26 PM

Post# of 10403
No, selling now is not really giving your money away. Look at it like this, sell 2 million shares at .0007 and then buy 4 million shares with the proceeds at .00035. For no costs other than broker fees for two trades you double your position!

I only wish I had been doing that at .003, or .002, or .001, or .0009, but never in my wildest dreams did I see the bottom falling out like this. I kept holding waiting for the pop that never happened. For no cost I could have increased my holdings from 4.3M shares to 29.5M shares, but noooooooooo! I was a dummy!

So what do I do? I sell 75% of my shares at near all time low just to preserve a little of my capital and keep 1.3M just in case this thing ever decides to change direction. I could kick myself though. I could be sitting on over 24M shares at the same cost as the 1.3M shares that I'm currently holding.

But it's not all bad, the proceeds from my UPDVE sales I put into SIRI and I'm currently up over 33% since I did just a couple days ago.
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