Would like to buy in again. Would appreciate your thoughts
I'm a fan of CBAI and think it has tremendous potential in the long term. I bought in at .003 last year and sold for a nice profit several weeks later on a run up to 0.01. Since then I've just been watching and waiting to get back in and would like to do so for the long haul this time. But I'm wondering what the best strategy for re-entry should be.
I expect a reverse split at some point in the long term and many will sell on that news, thus creating a very nice buying opportunity in the far future. The company should be well on its way by then and the investment will be less risky. On the other hand, buying in on another dip in the near future would also be an outstanding opportunity to pick up a few million shares instead of several thousand. Of course, a few million shares before a RS could turn into a few thousand after the split and that would be disappointing.
So the question is: what is the best way to play this stock? A)Buy at the bottom in the near term and holding with the expectation that an inevitable RS will take a lot of power out of the initial investment? B)Continue to watch the stock over the long term and buy on a dip after the inevitable RS with the idea that a second RS will be highly unlikely beyond that point? C)Slowly accumulate the stock on dips in the short term while its in the 1/10's of a penny (again, biting the bullet, knowing that a RS is inevitable)and then continue to accumulate after a RS with the thought that this company is a true winner and it will all pay off in the end, anyway? Or D) There's a better scenario than any of the 3 above that I haven't yet considered?
Any serious thoughts on this?
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