Monday, February 08, 2010 6:07:33 PM
Sounds like you are up almost 100% on your initial investment, you might want to consider selling 30% of your position and use wisely some well-earned cash (don't forget Uncle Sam's cut ), or diversify in a couple of other 'safe' penny stocks like SPKL. Or even invest in heavyweight stuff like LVS (it's a bit volatile week to week, but if you have a long term investment horizon, you'll probably be doing well with it).
My first penny stock investment was SPNG, I watched in amazement an initial investment of 20K go up 450% before it came crashing down. I got saved because I started to dig into the Naked Short Selling stories around that stock by emailing the Deep Capture team who ended up convincing me the SPNG story was going to end up badly, which it did. I walked away with a small financial loss and feeling like a complete idiot for having let 80K's evaporate because I couldn't bring myself to sell ...
I've made other mistakes along the way, I am still having a hard time selling on occasions, but SPNG was a formidable lesson (and some people made a fortune with that stock too before it crumbled).
Don't get me wrong, I do like TSHO, it's been good to me, but the world of penny stocks can be brutal, so keep reading and learning, and when in doubt, err on the side of safety. This is a great board too, which is also somewhat unusual, so take advantage of it.
Good Luck & Welcome
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