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Saturday, September 11, 2004 12:54:20 PM
You ask 50 different people that question and you will get 50 different answers.
It's your money. Always get into an investment with the idea that you don't need this money and can afford to lose it. If you don't mind losing 12K, then go for it if you think it's worth the risk.
Personally, I think 5M shares is enough and you might want to consider spreading your money over some other stocks.
But that depends on what you plan on selling at. If you are only looking to get out at a dime, then you might want to get more.
If I had the money that I could afford to lose, I'd get 5M shares and then look to invest in other stocks. I really like Lucent right now. They are getting awarded contracts left and right. You might want to check out WLSF. It's a very interesting company with a product with great potential.
All in all, no one can answer your question but you. It's your money, your risk, your life.
Consider what the rest of your portfolio looks like and go from there.
One thing that I get from your post is that you (like me) might have a gambler's mentality. I used to be a heavy gambler and I still get anxious and jump the gun on a lot of things because I have no patience. I've lost a lot of money because of that.
Be careful and make sound wise decisions based on facts.
Il Padrino.
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