Thursday, November 24, 2011 1:28:49 AM
For better or worse I am holding my shares. I decided a while back not to try to trade things, contrary to penny stock common sense, its too much stress and work for me so I'm sticking to the strategy suggested by my username. Buy and set a value target for the company.
Seychelle is still undervalued imo, and my profits would not be capital gains yet, so I'm holding firm. If we get a huge rally up into the multiple dollars that seems to be on hype I may consider, but for now I'm happy just sitting, waiting, wishing.
I did watch a shareholder who held a huge stake and felt similarly to this on another company watch a giant rally up to .15/share after buying in under a penny and then watch it fall back to under .03 without selling a share (so he said), so I do know the dangers of marrying a company, but this has hardly been a 20 bagger rally yet and I don't feel married, I still feel logical. (however illogical not taking profits is lol)
BTW, was anyone here around to witness the godlike rally of VRML back in 2009? I don't know if I mentioned it before, but I actually had bought that company as Ciphergen back in 2007 and had 15 extra shares lying around in my account from when they name changed and had a weird split. I had taken a hiatus from even looking at my port back then to be a college party animal, but when I came back and checked in late in 2010 I had a near heart attack and felt sick for like days afterwords. I kept calculating numbers in my head of return possibilities. That rally has to be in the top ten %/day of all time, any stock, ever. That was what really what got me looking at penny stocks in the first place. I didn't know something like that was even possible.
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