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Re: pennytraderman post# 22123

Saturday, 01/02/2010 6:19:04 PM

Saturday, January 02, 2010 6:19:04 PM

Post# of 46585
Bob, do not feel stupid. You took a great profit. Do not chase a stock. If you want to get back in wait for a pull back. If it does not pull back, well, so be it.

Now if you Really want to buy it back and believe in your own DD do not risk more than your initial investment I.e. $1400. You will have locked in your profit of $2240 to invest in something else. So at Thursday closing price of .0018 not more than 777, 778.00 shares (you should really add in your commission costs too). Your 500,000 would be even more conservative, not bad.

Penny world is full of surprises and we have all been given a good nip from chasing and sellers regret (which become bigger regrets if it tanks).

I think you mostly answered your own question.