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Wednesday, January 27, 2010 6:01:34 PM
There are a couple here who will sell and probably some who don't read Ihub who will sell as well. Keep in mind these buyers on the sidelines who are just waiting and watching for these milestone PR's. They won't necessarily go away if we don't get a PR this week but will just wait longer on the sidelines. Then don't you think that these early sellers will jump right back in chasing the PPS?
Let's say for instance you sell on Friday with no news and then next Wednesday the merger PR finally hits; then on Thursday the new contract PR hits. Will you feel worse for selling than you will waiting longer and continuing to hold.
Late last summer I held 104000 shares of SPNG @ .016's. It started approaching the .008's and I became fearful of losing my entire $1700 investment so I sold.
Two weeks later it hit 25 cents. The math 104k X .25 - 104k X .016 = $24336 gain that I would have realized if I held and sold during the peak of the run. Cripes; it's had nothing but problems since then and retraced to around 4 cents which is still a decent gain come to think of it.
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