Monday, November 02, 2009 12:31:01 PM
Those who believe they can rub rainmaker's belly and divine the future of this stock, may need to take a deep breath. People by now are probably figuring out what type of investor they are. Some now know that they cannot handle the emotional stress of seeing money quickly evaporate within minutes. My brother got bitten my the internet bubble in the 90's. He will never come back to the market. Myself, last year I lost close to 60% of my net worth, but I'm still here and all those losses have been erased by my persistence and patience. I can handle the massive moves that the market and penny stocks go through on a daily basis, but that is simply a matter of my risk tolerance and personality.
Never invest more than you are willing to lose, is probably the best advise anyone can get. But again, easy for me to say since I have already booked profits here.
Nobody knows the future price of this stock. CEO's can't even predict that and they have all the information. I will hold way past merger news as I have stated over and over again. I am a long term guy. The today's of the market is why I gave up on the flipping strategy. All the gains you had can easily be gone with just one bad day and one wrong flip attempt.
Good luck.
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