Nice post.
I know U have never seen my name on this board. I rarely post. I am an offshore analyst working full time. My colleagues criticize me for investing in pennyland though I have not been doing it for long.
I happened to be in a meeting when the PPS experienced free fall. I am still holding 10,000 shares bought @.44. My position today is $1,400. I have seen many calling for others to sell, probably because of their selfishness as they aim to collect cheapies. With all honesty, it is not the right time to sell; at this point anyone holding should be thinking of how to reduce the losses. Whether it was a dump or not, I bet a bounce will be seen soon and we may scoop some of our losses. Even after dumps, 50-150% bounces are seen. When it happens personally I will salvage $1K from today's position.
Garyst, I have been going through your posts and truly U seem to be the only reasonable trader.
In Africa, we say in Swahili 'Leo ni mimi, Kesho ni wewe'; translated 'Today Its me, tomorrow it will be you' - meaning I suffer today, U suffer tomorrow. So no one should laugh at others calling them bag holders; in the next play, the bagholders will be on the winning side and the winners here will be the bagholders.
