AI
Thursday, September 03, 2009 4:56:01 AM
You might wonder, but I agree with you totally. I would be the last one recommending to hold such stock longterm......but I do it nevertheless as I have had success with long term investing in micros as well.
By the way, I am not stuck in BGMO with a much higher PPS. I got in at .60 with a small amount. My investment behaviour is: Get in and strat with a small amount, is the stock going up - you are already in - if the stock is going down, buy more - the cheaper the stock the more shares I 'collect'. As my last buys have been at .07 my break-even is .12.
Sorry, my freind, but in this case I feel not able to agree that longterm holding of a microcap is nonsense.
My portfolio I always hold approximately 8-12 different microcaps - longterm - but with interesting and promising stories and directors with some reputation - and based on lots of DD. Those stocks, which I call young horses, might grow or might die.....but there is always one of them becoming a winner - more or less of course. I did well with this strategy past 14 years....not broke at all
Of course you need some financial background for this.... but as I also have a well-going company I have a lot of fun with micros.....
But, again, you are right, this should not be the strategy of little investors who just have some thousand $ to play with. In this case the best is : Get in early - get out fast - whatever gains you made.
By the way, I am not stuck in BGMO with a much higher PPS. I got in at .60 with a small amount. My investment behaviour is: Get in and strat with a small amount, is the stock going up - you are already in - if the stock is going down, buy more - the cheaper the stock the more shares I 'collect'. As my last buys have been at .07 my break-even is .12.
Sorry, my freind, but in this case I feel not able to agree that longterm holding of a microcap is nonsense.
My portfolio I always hold approximately 8-12 different microcaps - longterm - but with interesting and promising stories and directors with some reputation - and based on lots of DD. Those stocks, which I call young horses, might grow or might die.....but there is always one of them becoming a winner - more or less of course. I did well with this strategy past 14 years....not broke at all
Of course you need some financial background for this.... but as I also have a well-going company I have a lot of fun with micros..... But, again, you are right, this should not be the strategy of little investors who just have some thousand $ to play with. In this case the best is : Get in early - get out fast - whatever gains you made.
