Friday, July 22, 2011 12:15:58 AM
Let me share what I do. I invest a small amount in several stocks like SSOL
If I see progress as the price falls, I buy more only on those that my original DD suggests that I might have a winner. As the price continues to fall I take another look and repeat the process. With SSOL I have accumulated well over 300K shares.
I expect the price to rise and fall until there is an up-listing, joint venture or merger etc.; or at the pink sheet level, some fabulous news.
I sold 100K shares of SSOL recently - why ? I took it at a recent high and invested in another stock that was way undervalued - I hope will be on their upswing. If I am right I will be able to get back in SSOL and accumulate more shares in time.
The main ingredient is the ability to wait. I waited on a stock that was selling at .0005 when I first bought some in 2007. It went through many changes, a big reverse split(200:1), and I took a trip to Virginia City Nevada to investigate personally. Came back and bought more. Now this stock is selling for 3.20 on the AMEX. I have more than doubled my money and expect this stock to go to $ 30.00 in a couple of years.
I could buy expensive stocks like GM, ENRON, Lehman Brothers and others like them - every thing is a risk
It only takes a few SSOL type stocks out of many I might pick to become very rewarding
Averaging down is the strategy that has worked well for me if I have the time to wait. I only loose when I sell and confirm the loss.
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