dream: Here is what I do with these penny stocks. After doing my DD, I put in a few $K and watch. If it runs right away, I sell 50% when my position value has doubled, giving me "free" shares to let ride. If it dips, I wait for a support level and buy more. If it dips again, I do the same thing. I trust my DD and as long as nothing significant changes where I think the sock is done, I hang in there, averaging down along each support level. Once it runs again, I sell 50% and just keep the rest. You have to suck it up and not look back and worry about shares you sold, set your goal at obtaining free shares and STICK TO THE PLAN. Don't let your greed/emotions get to you, trade the plan!
I got into ACHI last year when it dipped below .20, averaged down, approximtely every .04. When it got below .03, I bought the hell out of it to get 1 million shares, picked up a few hundred thousand AT THE LOW of .0155. When it popped and my average share price was doubled, I sold 500,000 into the rally, so I made a few bucks and held 500k shares.
I did not expect it to drop below .06 - .08 on this fall, but unfortunately the APM debacle and KSI delays have hurt, along with the dilution that has taken place this year as a result of not having either company. I started buying more when it went below .10, bought more at .08, more at .06 and now have been buying at below .03 a couple times a week. I get very few shares below .03, volume is low and orders at the bid have a hard time filling. I again have over 1 million shares, I'm expecting KSI to shoot this thing well past double my recent accumulation, I'll sell half of that and hold ~800k - ~900k free of charge. I don't expect to be looking back after KSI closes (but you never know - LOL!). I will probably start selling small bits as we get over .25 - .30 in various increments to lock in a profit. Don't let the greed of making a big killing on this one stock cost you, take some profits along the way. Even with KSI in hand, it's still highly speculative as LACC is unproven in a production environment.
I've done a similar thing with AACS over the past 18 months and have 2,000,000 "free" shares. That stock is a dog again, I've actually been swing trading a few hundred thousand shares for some pocket money while holding my 2 mil. Hopefully they will get some financing and get going.
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